Rakuten Securities Inc. Buys Shares of 5,720 Unity Software Inc. (NYSE:U)

Rakuten Securities Inc. bought a new stake in Unity Software Inc. (NYSE:U) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,720 shares of the company’s stock, valued at approximately $234,000.

Several other large investors also recently bought and sold shares of U. Front Row Advisors LLC lifted its position in Unity Software by 15,550.0% during the second quarter. Front Row Advisors LLC now owns 626 shares of the company’s stock worth $27,000 after buying an additional 622 shares during the period. Pacifica Partners Inc. purchased a new position in Unity Software during the fourth quarter worth about $33,000. Huntington National Bank lifted its position in Unity Software by 665.0% during the third quarter. Huntington National Bank now owns 895 shares of the company’s stock worth $28,000 after buying an additional 778 shares during the period. IFP Advisors Inc lifted its position in Unity Software by 373.7% during the second quarter. IFP Advisors Inc now owns 919 shares of the company’s stock worth $40,000 after buying an additional 725 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in Unity Software by 74.5% during the first quarter. Geneos Wealth Management Inc. now owns 977 shares of the company’s stock worth $96,000 after buying an additional 417 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on U. The Goldman Sachs Group raised their price objective on Unity Software from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Needham & Company LLC cut their price objective on Unity Software from $40.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. William Blair restated an “outperform” rating on shares of Unity Software in a report on Tuesday, January 9th. Piper Sandler upgraded Unity Software from an “underweight” rating to a “neutral” rating and cut their price objective for the stock from $35.00 to $30.00 in a report on Tuesday, February 27th. Finally, Barclays cut their price objective on Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Unity Software presently has a consensus rating of “Hold” and a consensus target price of $37.03.

Insider Transactions at Unity Software

In other news, CMO Carol W. Carpenter sold 2,000 shares of Unity Software stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $26.58, for a total value of $53,160.00. Following the completion of the transaction, the chief marketing officer now owns 444,617 shares in the company, valued at approximately $11,817,919.86. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Anirma Gupta sold 756 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $33.07, for a total value of $25,000.92. Following the sale, the senior vice president now owns 396,985 shares of the company’s stock, valued at approximately $13,128,293.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Carol W. Carpenter sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $26.58, for a total value of $53,160.00. Following the completion of the sale, the chief marketing officer now directly owns 444,617 shares in the company, valued at approximately $11,817,919.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 341,723 shares of company stock worth $9,577,516. 9.00% of the stock is currently owned by corporate insiders.

Unity Software Stock Down 2.0 %

NYSE U traded down $0.49 during mid-day trading on Wednesday, reaching $23.94. 6,504,893 shares of the company’s stock traded hands, compared to its average volume of 6,312,530. Unity Software Inc. has a 1-year low of $22.20 and a 1-year high of $50.08. The company has a fifty day simple moving average of $28.48 and a 200-day simple moving average of $30.78. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.85. The company has a market cap of $9.24 billion, a price-to-earnings ratio of -11.08 and a beta of 2.42.

Unity Software (NYSE:U) last issued its quarterly earnings data on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The business had revenue of $609.27 million for the quarter, compared to analyst estimates of $551.01 million. During the same quarter last year, the business earned ($0.50) EPS. Unity Software’s revenue for the quarter was up 35.1% compared to the same quarter last year. As a group, equities research analysts expect that Unity Software Inc. will post -0.63 EPS for the current year.

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.