Stokes Family Office LLC Invests $225,000 in Unity Software Inc. (NYSE:U)

Stokes Family Office LLC purchased a new position in Unity Software Inc. (NYSE:U) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Unity Software by 366.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company’s stock worth $43,505,000 after purchasing an additional 1,521,165 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Unity Software by 100.4% during the 3rd 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 period. Erste Asset Management GmbH purchased a new position in Unity Software during the 3rd quarter worth $12,317,000. Monolith Management Ltd purchased a new position in Unity Software during the 3rd quarter worth $10,993,000. Finally, Weiss Asset Management LP purchased a new position in Unity Software during the 3rd quarter worth $10,335,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on U shares. Needham & Company LLC raised their price objective on Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Macquarie initiated coverage on Unity Software in a research report on Monday, March 10th. They set a “neutral” rating and a $24.00 target price on the stock. Wedbush reaffirmed an “outperform” rating and set a $27.00 target price on shares of Unity Software in a research report on Thursday, February 13th. Citigroup raised Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company dropped their target price on Unity Software from $27.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $25.61.

Insider Buying and Selling at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the completion of the transaction, the director now owns 3,648,146 shares in the company, valued at approximately $91,276,612.92. This trade represents a 6.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Anirma Gupta sold 31,948 shares of Unity Software stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $25.23, for a total value of $806,048.04. Following the transaction, the senior vice president now owns 542,942 shares of the company’s stock, valued at $13,698,426.66. The trade was a 5.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 865,236 shares of company stock worth $20,849,425. Insiders own 6.30% of the company’s stock.

Unity Software Stock Performance

Shares of U stock opened at $21.53 on Thursday. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of -12.82 and a beta of 2.27. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The business has a fifty day moving average of $22.60 and a 200 day moving average of $22.02. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88.

Unity Software (NYSE:U) last issued its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. The company had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. As a group, research analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current year.

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.