AXQ Capital LP Invests $681,000 in Unity Software Inc. (NYSE:U)

AXQ Capital LP bought a new position in shares of Unity Software Inc. (NYSE:U - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 30,321 shares of the company's stock, valued at approximately $681,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in U. R Squared Ltd purchased a new stake in Unity Software in the 4th quarter worth $30,000. Principal Securities Inc. increased its holdings 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 worth $32,000 after purchasing an additional 477 shares during the last quarter. GAMMA Investing LLC lifted its position 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 worth $37,000 after buying an additional 411 shares in the last quarter. Whipplewood Advisors LLC bought a new position in Unity Software during the fourth quarter valued at approximately $40,000. Finally, Brooklyn Investment Group purchased a new position in Unity Software during the 3rd quarter valued at approximately $43,000. Institutional investors own 73.46% of the company's stock.

Unity Software Trading Up 0.6 %

Shares of NYSE U traded up $0.14 during mid-day trading on Tuesday, reaching $22.87. The company had a trading volume of 5,320,636 shares, compared to its average volume of 10,567,291. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of -13.61 and a beta of 2.27. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The business's 50-day moving average is $22.59 and its 200-day moving average is $22.17. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

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Unity Software (NYSE:U - Get Free Report) last posted 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. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The business had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. Equities analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on U shares. Hsbc Global Res raised Unity Software to a "strong-buy" rating in a report on Friday, February 21st. HSBC upgraded shares of Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price objective for the company in a research report on Friday, February 21st. Benchmark upgraded shares of Unity Software from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. UBS Group increased their price target on shares of Unity Software from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company reduced their price objective on Unity Software from $27.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $25.61.

Insider Buying and Selling

In other news, CAO Mark Barrysmith sold 1,362 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer now owns 452,276 shares in the company, valued at approximately $9,909,367.16. This represents a 0.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Helgason sold 38,924 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $26.92, for a total transaction of $1,047,834.08. Following the transaction, the director now owns 7,828,494 shares of the company's stock, valued at $210,743,058.48. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 865,236 shares of company stock valued at $20,849,425 over the last 90 days. Corporate insiders own 6.30% of the company's stock.

Unity Software Company 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.