13,365 Shares in Unity Software Inc. (NYSE:U) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in Unity Software Inc. (NYSE:U - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,365 shares of the company's stock, valued at approximately $300,000.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Unity Software during the fourth quarter valued at about $30,000. Principal Securities Inc. boosted its stake in 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 acquiring an additional 477 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Unity Software by 33.6% during the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock worth $37,000 after purchasing an additional 411 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Unity Software during the 4th quarter valued at $40,000. Finally, Brooklyn Investment Group purchased a new stake in Unity Software in the third quarter valued at about $43,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on U shares. Jefferies Financial Group cut their price objective on shares of Unity Software from $28.00 to $24.00 and set a "hold" rating on the stock in a report on Monday. Wedbush restated an "outperform" rating and issued a $27.00 target price on shares of Unity Software in a research note on Thursday, February 13th. UBS Group boosted their price target on Unity Software from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Barclays raised their price objective on Unity Software from $18.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. Finally, Morgan Stanley upped their price objective on shares of Unity Software from $26.00 to $32.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Unity Software currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.32.

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Insider Buying and Selling

In other news, CAO Mark Barrysmith sold 1,362 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $21.91, for a total transaction of $29,841.42. Following the transaction, the chief accounting officer now directly owns 452,276 shares in the company, valued at $9,909,367.16. The trade was a 0.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total value of $6,255,000.00. Following the completion of the sale, the director now directly owns 3,648,146 shares of the company's stock, valued at approximately $91,276,612.92. This represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 865,236 shares of company stock worth $20,849,425. Insiders own 6.30% of the company's stock.

Unity Software Price Performance

NYSE U traded up $0.11 during trading hours on Tuesday, reaching $19.70. The company's stock had a trading volume of 1,413,562 shares, compared to its average volume of 10,653,433. 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 Inc. has a 1-year low of $13.90 and a 1-year high of $30.88. The company's 50-day moving average is $22.54 and its two-hundred day moving average is $22.32. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of -11.74 and a beta of 2.27.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping analysts' consensus estimates of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The company had revenue of $457.10 million during the quarter, compared to analysts' expectations of $433.47 million. On average, equities analysts predict 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.