CloudAlpha Capital Management Limited Hong Kong Grows Stake in Unity Software Inc. (NYSE:U)

CloudAlpha Capital Management Limited Hong Kong grew its position in Unity Software Inc. (NYSE:U) by 120.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 489,010 shares of the company’s stock after purchasing an additional 267,000 shares during the period. Unity Software accounts for about 0.8% of CloudAlpha Capital Management Limited Hong Kong’s portfolio, making the stock its 17th biggest position. CloudAlpha Capital Management Limited Hong Kong’s holdings in Unity Software were worth $10,988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of U. Charles Schwab Investment Management Inc. grew its holdings in Unity Software by 100.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock worth $42,662,000 after purchasing an additional 944,709 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Unity Software during the third quarter valued at $12,317,000. Monolith Management Ltd purchased a new stake in shares of Unity Software during the third quarter valued at $10,993,000. Weiss Asset Management LP purchased a new stake in shares of Unity Software during the third quarter valued at $10,335,000. Finally, Geode Capital Management LLC grew its holdings in shares of Unity Software by 9.7% during the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock valued at $106,008,000 after buying an additional 413,474 shares during the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Mark Barrysmith sold 1,228 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 453,638 shares in the company, valued at $11,086,912.72. This represents a 0.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tomer Bar-Zeev sold 236,337 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $23.92, for a total transaction of $5,653,181.04. Following the transaction, the director now owns 3,161,809 shares of the company’s stock, valued at approximately $75,630,471.28. This trade represents a 6.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 872,397 shares of company stock worth $21,047,619 in the last 90 days. Insiders own 6.30% of the company’s stock.

Unity Software Trading Down 9.0 %

Shares of Unity Software stock opened at $23.12 on Friday. The firm has a 50-day simple moving average of $22.92 and a two-hundred day simple moving average of $21.71. The company has a market cap of $9.47 billion, a P/E ratio of -13.76 and a beta of 2.27. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two 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.

Unity Software (NYSE:U) last issued 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. The business had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. As a group, equities analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on U. Hsbc Global Res raised shares of Unity Software to a “strong-buy” rating in a report on Friday, February 21st. JMP Securities reissued a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. Morgan Stanley boosted 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. Barclays boosted their price objective on shares of Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Finally, HSBC upgraded shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Unity Software currently has an average rating of “Hold” and an average target price of $25.04.

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.