Oak Thistle LLC Raises Stock Holdings in Unity Software Inc. $U

Oak Thistle LLC boosted its holdings in Unity Software Inc. (NYSE:U) by 69.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,739 shares of the company’s stock after purchasing an additional 20,428 shares during the period. Oak Thistle LLC’s holdings in Unity Software were worth $1,992,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Jefferies Financial Group Inc. purchased a new position in shares of Unity Software in the 2nd quarter worth about $205,000. Forum Financial Management LP bought a new stake in Unity Software in the second quarter worth about $256,000. Austin Wealth Management LLC purchased a new position in Unity Software in the second quarter valued at about $208,000. PNC Financial Services Group Inc. grew its position in shares of Unity Software by 148.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 22,181 shares of the company’s stock valued at $537,000 after acquiring an additional 13,245 shares during the period. Finally, State of Wyoming bought a new position in shares of Unity Software during the 2nd quarter valued at approximately $721,000. Institutional investors own 73.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on U shares. Wells Fargo & Company upgraded Unity Software from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $42.00 to $51.00 in a research note on Friday, December 5th. Wedbush raised their target price on Unity Software from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. The Goldman Sachs Group started coverage on Unity Software in a research note on Wednesday, October 15th. They issued a “neutral” rating and a $38.00 target price on the stock. Arete Research upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Monday, December 1st. Finally, BTIG Research raised Unity Software from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.04.

Insider Activity

In other news, CFO Jarrod Yahes sold 27,742 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $42.79, for a total value of $1,187,080.18. Following the sale, the chief financial officer directly owned 546,129 shares of the company’s stock, valued at approximately $23,368,859.91. This represents a 4.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Alexander Blum sold 1,988 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $42.47, for a total transaction of $84,430.36. Following the transaction, the chief operating officer directly owned 561,130 shares of the company’s stock, valued at approximately $23,831,191.10. This represents a 0.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,901,471 shares of company stock valued at $85,264,529. 3.61% of the stock is currently owned by insiders.

Unity Software Price Performance

Unity Software stock opened at $44.64 on Wednesday. The firm has a market capitalization of $19.10 billion, a P/E ratio of -42.52 and a beta of 2.04. Unity Software Inc. has a one year low of $15.33 and a one year high of $52.15. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.78 and a quick ratio of 2.78. The business has a fifty day moving average price of $40.22 and a 200-day moving average price of $36.28.

Unity Software (NYSE:U) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Unity Software had a negative return on equity of 9.45% and a negative net margin of 24.15%.The company had revenue of $470.62 million for the quarter, compared to analyst estimates of $452.87 million. During the same period in the previous year, the company posted ($0.31) EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities research analysts forecast that Unity Software Inc. will post -1.25 EPS for the current year.

Unity Software Profile

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.