Tradewinds Capital Management LLC Increases Position in Unity Software Inc. (NYSE:U)

Tradewinds Capital Management LLC raised its holdings in shares of Unity Software Inc. (NYSE:U) by 245.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 985 shares of the company’s stock after buying an additional 700 shares during the period. Tradewinds Capital Management LLC’s holdings in Unity Software were worth $26,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Unity Software by 30.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,509 shares of the company’s stock worth $317,984,000 after purchasing an additional 2,777,884 shares during the period. Deepwater Asset Management LLC increased its stake in shares of Unity Software by 515.5% during the first quarter. Deepwater Asset Management LLC now owns 57,564 shares of the company’s stock valued at $1,537,000 after purchasing an additional 48,211 shares in the last quarter. SteelPeak Wealth LLC increased its stake in shares of Unity Software by 71.3% during the first quarter. SteelPeak Wealth LLC now owns 45,268 shares of the company’s stock valued at $1,209,000 after purchasing an additional 18,838 shares in the last quarter. Bouvel Investment Partners LLC increased its stake in shares of Unity Software by 2.7% during the first quarter. Bouvel Investment Partners LLC now owns 22,783 shares of the company’s stock valued at $608,000 after purchasing an additional 597 shares in the last quarter. Finally, TrueMark Investments LLC increased its stake in shares of Unity Software by 13.5% during the first quarter. TrueMark Investments LLC now owns 33,877 shares of the company’s stock valued at $905,000 after purchasing an additional 4,030 shares in the last quarter. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Unity Software Trading Down 1.7 %

Shares of Unity Software stock opened at $15.73 on Thursday. The company’s fifty day simple moving average is $19.66 and its 200-day simple moving average is $27.20. The stock has a market capitalization of $6.15 billion, a PE ratio of -7.02 and a beta of 2.25. Unity Software Inc. has a 1-year low of $15.23 and a 1-year high of $50.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.15 and a quick ratio of 2.15.

Unity Software (NYSE:U) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.13. The business had revenue of $460.38 million for the quarter, compared to analysts’ expectations of $422.53 million. Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. As a group, equities analysts anticipate that Unity Software Inc. will post -1.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on U shares. The Goldman Sachs Group decreased their target price on shares of Unity Software from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Macquarie decreased their target price on shares of Unity Software from $20.00 to $14.00 and set an “underperform” rating for the company in a research note on Thursday, June 27th. Stifel Nicolaus reduced their price target on shares of Unity Software from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, June 10th. Needham & Company LLC reissued a “buy” rating and set a $31.00 price target on shares of Unity Software in a research report on Friday, May 10th. Finally, Wedbush reissued an “outperform” rating and set a $33.50 price target on shares of Unity Software in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Unity Software currently has a consensus rating of “Hold” and an average target price of $33.47.

Insider Transactions at Unity Software

In other news, SVP Anirma Gupta sold 1,037 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $24.42, for a total transaction of $25,323.54. Following the sale, the senior vice president now directly owns 386,706 shares in the company, valued at approximately $9,443,360.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CMO Carol W. Carpenter sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $24.18, for a total transaction of $48,360.00. Following the sale, the chief marketing officer now directly owns 442,617 shares in the company, valued at approximately $10,702,479.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Anirma Gupta sold 1,037 shares of Unity Software stock in a transaction on Monday, April 29th. The shares were sold at an average price of $24.42, for a total transaction of $25,323.54. Following the completion of the sale, the senior vice president now owns 386,706 shares in the company, valued at $9,443,360.52. The disclosure for this sale can be found here. Insiders have sold 245,736 shares of company stock worth $4,832,120 in the last 90 days. 6.30% of the stock is currently owned by insiders.

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.