Lindbrook Capital LLC Has $618,000 Stock Position in Unity Software Inc. (NYSE:U)

Lindbrook Capital LLC increased its holdings in shares of Unity Software Inc. (NYSE:U - Free Report) by 1,320.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,523 shares of the company's stock after buying an additional 25,586 shares during the quarter. Lindbrook Capital LLC's holdings in Unity Software were worth $618,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its stake in shares of Unity Software by 100.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company's stock valued at $42,662,000 after purchasing an additional 944,709 shares during the period. Erste Asset Management GmbH acquired a new stake in shares of Unity Software in the 3rd quarter valued at about $12,317,000. Monolith Management Ltd acquired a new stake in shares of Unity Software in the 3rd quarter valued at about $10,993,000. Weiss Asset Management LP acquired a new stake in shares of Unity Software in the 3rd quarter valued at about $10,335,000. Finally, Geode Capital Management LLC raised its stake in shares of Unity Software by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company's stock valued at $106,008,000 after purchasing an additional 413,474 shares during the period. Institutional investors and hedge funds own 73.46% of the company's stock.

Unity Software Stock Performance

Unity Software stock traded up $1.14 during midday trading on Friday, reaching $24.30. 13,821,467 shares of the company's stock were exchanged, compared to its average volume of 12,742,988. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of -14.47 and a beta of 2.27. The stock's 50-day simple moving average is $22.95 and its 200 day simple moving average is $21.83.

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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) 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 during the quarter, compared to analysts' expectations of $433.47 million. On average, analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Insider Transactions at Unity Software

In other news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software 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 in the company, valued at approximately $91,276,612.92. The trade was a 6.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark Barrysmith sold 1,228 shares of Unity Software stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $24.44, for a total transaction of $30,012.32. Following the completion of the sale, the chief financial officer now owns 453,638 shares of the company's stock, valued at approximately $11,086,912.72. The trade was a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 872,397 shares of company stock worth $21,047,619 over the last quarter. Company insiders own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on U shares. Needham & Company LLC lifted their price target on Unity Software from $26.00 to $33.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Benchmark upgraded Unity Software from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Hsbc Global Res upgraded Unity Software to a "strong-buy" rating in a report on Friday, February 21st. Morgan Stanley raised their price objective on Unity Software from $26.00 to $32.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Jefferies Financial Group raised their price objective on Unity Software from $23.00 to $28.00 and gave the company a "hold" rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $25.04.

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.