CloudAlpha Capital Management Limited Hong Kong Purchases Shares of 222,010 Unity Software Inc. (NYSE:U)

CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Unity Software Inc. (NYSE:U - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 222,010 shares of the company's stock, valued at approximately $5,022,000. Unity Software makes up approximately 0.3% of CloudAlpha Capital Management Limited Hong Kong's investment portfolio, making the stock its 22nd largest position. CloudAlpha Capital Management Limited Hong Kong owned about 0.06% of Unity Software as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Unity Software by 343.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company's stock worth $28,000 after acquiring an additional 949 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Unity Software by 163.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company's stock valued at $36,000 after buying an additional 1,389 shares in the last quarter. Blue Trust Inc. grew its holdings in Unity Software by 308.8% during the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company's stock valued at $51,000 after buying an additional 2,359 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Unity Software by 31.6% during the 1st quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company's stock valued at $62,000 after buying an additional 562 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Unity Software during the 1st quarter valued at approximately $65,000. Hedge funds and other institutional investors own 73.46% of the company's stock.

Unity Software Stock Down 1.5 %

Shares of U traded down $0.29 on Thursday, reaching $18.84. The stock had a trading volume of 7,201,895 shares, compared to its average volume of 10,411,137. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of -9.37 and a beta of 2.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.36 and a current ratio of 2.41. The company has a 50-day simple moving average of $20.61 and a 200-day simple moving average of $18.86. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $43.54.

Analyst Upgrades and Downgrades

U has been the topic of several analyst reports. Benchmark boosted their price target on Unity Software from $10.00 to $15.00 and gave the stock a "sell" rating in a research note on Friday, November 8th. Wells Fargo & Company began coverage on Unity Software in a research note on Monday, October 28th. They issued an "equal weight" rating and a $20.00 price objective for the company. JMP Securities reiterated a "market perform" rating on shares of Unity Software in a research note on Friday, September 13th. UBS Group boosted their target price on Unity Software from $15.00 to $20.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. Finally, The Goldman Sachs Group decreased their price target on shares of Unity Software from $26.00 to $22.50 and set a "neutral" rating on the stock in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $23.35.

Insider Transactions at Unity Software

In other news, Director David Helgason sold 250,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the sale, the director now owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. This represents a 2.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Unity Software news, Director David Helgason sold 250,000 shares of the firm's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the transaction, the director now owns 8,201,851 shares of the company's stock, valued at approximately $168,876,112.09. This trade represents a 2.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Felix The sold 30,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the transaction, the senior vice president now directly owns 423,679 shares of the company's stock, valued at approximately $7,579,617.31. This trade represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 281,600 shares of company stock worth $5,714,000 over the last quarter. 6.30% of the stock is currently owned by insiders.

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.