KRS Capital Management LLC Sells 2,170 Shares of Unity Software Inc. (NYSE:U)

KRS Capital Management LLC lessened its holdings in shares of Unity Software Inc. (NYSE:U) by 20.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,445 shares of the company’s stock after selling 2,170 shares during the period. KRS Capital Management LLC’s holdings in Unity Software were worth $225,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd purchased a new position in Unity Software in the 4th quarter worth about $27,000. GAMMA Investing LLC bought a new position in shares of Unity Software in the 4th quarter worth approximately $28,000. Pacifica Partners Inc. bought a new position in shares of Unity Software in the 4th quarter worth approximately $33,000. Principal Securities Inc. bought a new position in shares of Unity Software in the 4th quarter worth approximately $37,000. Finally, Tidemark LLC bought a new position in shares of Unity Software in the 4th quarter worth approximately $39,000. Institutional investors own 73.46% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Luis Felipe Visoso sold 42,718 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $19.10, for a total transaction of $815,913.80. Following the completion of the transaction, the chief financial officer now directly owns 1,598,345 shares of the company’s stock, valued at $30,528,389.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman James M. Whitehurst sold 49,854 shares of Unity Software stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $19.10, for a total value of $952,211.40. Following the transaction, the chairman now owns 313,266 shares of the company’s stock, valued at approximately $5,983,380.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Luis Felipe Visoso sold 42,718 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $19.10, for a total transaction of $815,913.80. Following the sale, the chief financial officer now directly owns 1,598,345 shares of the company’s stock, valued at $30,528,389.50. The disclosure for this sale can be found here. Insiders have sold a total of 247,736 shares of company stock worth $4,885,280 over the last quarter. 6.30% of the stock is owned by corporate insiders.

Unity Software Price Performance

Unity Software stock traded down $0.28 during mid-day trading on Friday, hitting $16.26. 9,040,985 shares of the company were exchanged, compared to its average volume of 8,107,461. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.15 and a quick ratio of 2.15. The business’s 50 day simple moving average is $20.10 and its two-hundred day simple moving average is $27.69. The company has a market capitalization of $6.36 billion, a P/E ratio of -7.25 and a beta of 2.28. Unity Software Inc. has a 12-month low of $15.23 and a 12-month high of $50.08.

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 analysts’ consensus estimates of ($0.27) by $0.13. Unity Software had a negative return on equity of 7.73% and a negative net margin of 40.11%. The firm had revenue of $460.38 million during the quarter, compared to the consensus estimate of $422.53 million. Analysts forecast that Unity Software Inc. will post -1.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

U has been the subject of a number of research reports. Macquarie lowered their target price on Unity Software from $20.00 to $14.00 and set an “underperform” rating for the company in a research report on Thursday. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research note on Friday, May 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $31.00 target price on shares of Unity Software in a report on Friday, May 10th. Stifel Nicolaus decreased their target price on Unity Software from $30.00 to $25.00 and set a “buy” rating for the company in a report on Monday, June 10th. Finally, The Goldman Sachs Group decreased their price target on Unity Software from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, May 13th. 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 company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $33.47.

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.