Kennedy Capital Management LLC Takes $1.70 Million Position in Unity Software Inc. (NYSE:U)

Kennedy Capital Management LLC purchased a new position in Unity Software Inc. (NYSE:U) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 75,618 shares of the company’s stock, valued at approximately $1,699,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in U. R Squared Ltd bought a new position in shares of Unity Software in the fourth quarter worth approximately $30,000. Principal Securities Inc. lifted its position in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after acquiring an additional 477 shares in the last quarter. GAMMA Investing LLC boosted its stake in Unity Software by 33.6% during the 4th 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 last quarter. Whipplewood Advisors LLC bought a new stake in shares of Unity Software in the 4th quarter worth $40,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Unity Software by 144.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company’s stock worth $43,000 after purchasing an additional 1,125 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Insider Buying and Selling at Unity Software

In other news, Director Tomer Bar-Zeev sold 166,667 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $20.04, for a total transaction of $3,340,006.68. Following the sale, the director now directly owns 2,981,479 shares of the company’s stock, valued at $59,748,839.16. This represents a 5.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mark Barrysmith sold 1,362 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $21.91, for a total transaction of $29,841.42. Following the completion of the transaction, the chief accounting officer now directly owns 452,276 shares of the company’s stock, valued at approximately $9,909,367.16. This trade represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 781,903 shares of company stock valued at $17,934,432 in the last three months. 6.30% of the stock is currently owned by corporate insiders.

Unity Software Stock Performance

Shares of NYSE U opened at $18.19 on Tuesday. The stock has a market cap of $7.45 billion, a PE ratio of -10.83 and a beta of 2.31. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88. The firm has a fifty day moving average price of $21.65 and a 200-day moving average price of $22.09. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

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

Analysts Set New Price Targets

Several research firms recently commented on U. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. Benchmark upgraded shares of Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Jefferies Financial Group lowered their price objective on shares of Unity Software from $24.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, April 7th. Macquarie began coverage on shares of Unity Software in a research report on Monday, March 10th. They issued a “neutral” rating and a $24.00 target price for the company. Finally, HSBC upgraded Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Friday, February 21st. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.46.

About Unity Software

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.