Forum Financial Management LP Invests $256,000 in Unity Software Inc. $U

Forum Financial Management LP bought a new stake in Unity Software Inc. (NYSE:U) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,594 shares of the company’s stock, valued at approximately $256,000.

Other large investors also recently bought and sold shares of the company. Atreides Management LP raised its position in Unity Software by 146.7% in the 1st quarter. Atreides Management LP now owns 9,430,955 shares of the company’s stock valued at $184,752,000 after purchasing an additional 5,607,572 shares in the last quarter. Broad Peak Investment Advisers Pte Ltd purchased a new stake in shares of Unity Software during the first quarter worth approximately $47,648,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Unity Software in the first quarter valued at approximately $43,265,000. Vanguard Group Inc. lifted its stake in Unity Software by 5.9% in the first quarter. Vanguard Group Inc. now owns 32,964,521 shares of the company’s stock worth $645,775,000 after acquiring an additional 1,841,486 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Unity Software by 89.7% during the 1st quarter. Ameriprise Financial Inc. now owns 3,357,530 shares of the company’s stock worth $65,778,000 after acquiring an additional 1,587,582 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Insider Activity at Unity Software

In related news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $39.83, for a total transaction of $9,957,500.00. Following the completion of the sale, the director directly owned 1,548,146 shares of the company’s stock, valued at $61,662,655.18. This trade represents a 13.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Mark Barrysmith sold 802 shares of the company’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $36.22, for a total transaction of $29,048.44. Following the transaction, the chief accounting officer owned 452,986 shares of the company’s stock, valued at approximately $16,407,152.92. The trade was a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,236,951 shares of company stock worth $95,081,659 in the last ninety days. Company insiders own 3.61% of the company’s stock.

Unity Software Trading Up 5.1%

Shares of Unity Software stock opened at $39.18 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.73 and a current ratio of 2.73. The company has a market capitalization of $16.55 billion, a P/E ratio of -36.96 and a beta of 2.32. Unity Software Inc. has a 1 year low of $15.33 and a 1 year high of $46.94. The company’s fifty day moving average is $40.10 and its two-hundred day moving average is $31.03.

Unity Software (NYSE:U) last announced its earnings results on Wednesday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.01). Unity Software had a negative return on equity of 13.59% and a negative net margin of 24.38%.The business had revenue of $440.94 million for the quarter, compared to analyst estimates of $425.18 million. During the same quarter last year, the company posted ($0.32) EPS. Unity Software’s quarterly revenue was down 1.9% on a year-over-year basis. Analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Hsbc Global Res lowered shares of Unity Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Unity Software in a research note on Wednesday, October 8th. Barclays upped their price objective on Unity Software from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. Jefferies Financial Group raised their target price on Unity Software from $29.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Finally, UBS Group boosted their target price on Unity Software from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Unity Software presently has an average rating of “Hold” and a consensus price target of $34.10.

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.