Virtu Financial LLC Purchases Shares of 42,970 Unity Software Inc. (NYSE:U)

Virtu Financial LLC purchased a new stake in shares of Unity Software Inc. (NYSE:U) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,970 shares of the company’s stock, valued at approximately $1,147,000.

A number of other hedge funds also recently bought and sold shares of the company. Capital Research Global Investors boosted its holdings in Unity Software by 510.2% during the fourth quarter. Capital Research Global Investors now owns 7,181,661 shares of the company’s stock valued at $293,658,000 after purchasing an additional 6,004,655 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Unity Software by 26.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 35,336 shares of the company’s stock valued at $1,445,000 after purchasing an additional 7,484 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Unity Software during the first quarter valued at approximately $3,878,000. Seldon Capital LP acquired a new stake in Unity Software during the fourth quarter valued at approximately $7,576,000. Finally, Vanguard Group Inc. boosted its holdings in Unity Software by 0.8% during the first quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company’s stock valued at $703,192,000 after purchasing an additional 208,566 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Insider Activity at Unity Software

In other Unity Software news, CFO Luis Felipe Visoso sold 42,718 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $19.10, for a total value of $815,913.80. Following the completion of the transaction, the chief financial officer now owns 1,598,345 shares of the company’s stock, valued at approximately $30,528,389.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Luis Felipe Visoso sold 42,718 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $19.10, for a total value of $815,913.80. Following the completion of the sale, the chief financial officer now owns 1,598,345 shares of the company’s stock, valued at approximately $30,528,389.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Anirma Gupta sold 1,506 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $16.73, for a total transaction of $25,195.38. Following the completion of the sale, the senior vice president now directly owns 409,540 shares of the company’s stock, valued at approximately $6,851,604.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 245,005 shares of company stock valued at $4,798,048. Corporate insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $31.00 price objective on shares of Unity Software in a research report on Friday, May 10th. The Goldman Sachs Group decreased their price target on shares of Unity Software from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, May 13th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a report on Friday, May 10th. Wedbush reissued an “outperform” rating and issued a $33.50 price target on shares of Unity Software in a report on Monday. Finally, Barclays decreased their price target on shares of Unity Software from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $33.47.

Unity Software Stock Down 0.3 %

Shares of NYSE U traded down $0.04 during mid-day trading on Friday, reaching $15.31. 12,768,062 shares of the company’s stock traded hands, compared to its average volume of 9,526,957. The stock has a market cap of $5.98 billion, a P/E ratio of -6.83 and a beta of 2.25. The business has a 50-day simple moving average of $16.75 and a 200 day simple moving average of $23.85. Unity Software Inc. has a 1-year low of $14.48 and a 1-year high of $43.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.15 and a quick ratio of 2.15.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.13. Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. The company had revenue of $460.38 million for the quarter, compared to analyst estimates of $422.53 million. On average, analysts expect that Unity Software Inc. will post -1.81 EPS for the current fiscal 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.