CloudAlpha Capital Management Limited Hong Kong Has $10.99 Million Stake in Unity Software Inc. (NYSE:U)

CloudAlpha Capital Management Limited Hong Kong lifted its holdings in Unity Software Inc. (NYSE:U - Free Report) by 120.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 489,010 shares of the company's stock after purchasing an additional 267,000 shares during the quarter. Unity Software accounts for approximately 0.8% of CloudAlpha Capital Management Limited Hong Kong's holdings, making the stock its 17th largest position. CloudAlpha Capital Management Limited Hong Kong owned approximately 0.12% of Unity Software worth $10,988,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. R Squared Ltd acquired a new stake in Unity Software in the fourth quarter worth approximately $30,000. Principal Securities Inc. raised its stake in shares of Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock worth $32,000 after buying an additional 477 shares in the last quarter. Planning Capital Management Corp acquired a new stake in shares of Unity Software in the third quarter valued at $34,000. GAMMA Investing LLC boosted its stake in Unity Software by 33.6% during the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock valued at $37,000 after buying an additional 411 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new position in Unity Software during the fourth quarter valued at about $40,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Anirma Gupta sold 31,948 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $25.23, for a total transaction of $806,048.04. Following the completion of the sale, the senior vice president now owns 542,942 shares in the company, valued at approximately $13,698,426.66. This represents a 5.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Alexander Blum sold 1,479 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $25.26, for a total value of $37,359.54. Following the completion of the transaction, the chief operating officer now directly owns 495,648 shares in the company, valued at $12,520,068.48. The trade was a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 864,537 shares of company stock worth $20,839,722 in the last three months. 6.30% of the stock is owned by insiders.

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Unity Software Stock Down 2.4 %

Shares of U stock traded down $0.53 during trading on Tuesday, hitting $20.99. 14,253,615 shares of the company were exchanged, compared to its average volume of 12,854,043. The business's 50-day simple moving average is $22.93 and its 200 day simple moving average is $21.86. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $30.88. The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of -12.49 and a beta of 2.27. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Unity Software (NYSE:U - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating 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 analyst estimates of $433.47 million. As a group, analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on U shares. Wells Fargo & Company cut their price target on shares of Unity Software from $27.00 to $22.00 and set an "equal weight" rating for the company in a report on Monday. Benchmark raised shares of Unity Software from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. JMP Securities restated a "market perform" rating on shares of Unity Software in a research report on Monday, February 3rd. UBS Group increased their price objective on Unity Software from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Finally, Macquarie initiated coverage on Unity Software in a report on Monday. They issued a "neutral" rating and a $24.00 target price on the stock. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Unity Software has an average rating of "Hold" and an average price target of $25.61.

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.