Unity Software Inc. (NYSE:U) Shares Sold by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. cut its stake in shares of Unity Software Inc. (NYSE:U) by 15.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,042 shares of the company’s stock after selling 15,201 shares during the period. Keystone Investors PTE Ltd.’s holdings in Unity Software were worth $1,866,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd purchased a new position in Unity Software during the 4th quarter valued at about $30,000. Principal Securities Inc. boosted its stake in shares of Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after purchasing an additional 477 shares during the period. GAMMA Investing LLC boosted its stake in shares of Unity Software by 33.6% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Unity Software in the fourth quarter valued at approximately $40,000. Finally, Brooklyn Investment Group purchased a new stake in Unity Software during the 3rd quarter worth approximately $43,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

Unity Software Stock Performance

Shares of NYSE U opened at $22.71 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The company has a market cap of $9.30 billion, a PE ratio of -13.52 and a beta of 2.27. The company has a 50-day simple moving average of $22.59 and a 200-day simple moving average of $22.17. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88.

Unity Software (NYSE:U) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.05. The business had revenue of $457.10 million for the quarter, compared to analysts’ expectations of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. On average, equities analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current year.

Insider Activity

In other news, SVP Anirma Gupta sold 31,948 shares of Unity Software stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $25.23, for a total value of $806,048.04. Following the transaction, the senior vice president now directly owns 542,942 shares of the company’s stock, valued at $13,698,426.66. The trade was a 5.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Mark Barrysmith sold 1,445 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $20.61, for a total transaction of $29,781.45. Following the completion of the transaction, the chief accounting officer now owns 483,417 shares in the company, valued at $9,963,224.37. The trade was a 0.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 865,236 shares of company stock valued at $20,849,425 in the last 90 days. 6.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on U. UBS Group boosted their price target on shares of Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Barclays upped their price target on Unity Software from $18.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Hsbc Global Res upgraded Unity Software to a “strong-buy” rating in a research note on Friday, February 21st. Citigroup raised shares of Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, March 11th. Finally, Jefferies Financial Group boosted their price target on shares of Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.61.

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.