Fieldview Capital Management LLC bought a new position in shares of Unity Software Inc. (NYSE:U – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm bought 34,930 shares of the company’s stock, valued at approximately $1,543,000.
Other hedge funds also recently bought and sold shares of the company. REAP Financial Group LLC bought a new stake in Unity Software during the fourth quarter valued at about $28,000. V Square Quantitative Management LLC bought a new stake in Unity Software during the fourth quarter valued at about $30,000. Larson Financial Group LLC boosted its holdings in Unity Software by 88.1% during the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after acquiring an additional 341 shares during the period. International Assets Investment Management LLC bought a new stake in Unity Software during the fourth quarter valued at about $36,000. Finally, IFP Advisors Inc bought a new stake in Unity Software during the third quarter valued at about $33,000. 73.46% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on U shares. Wells Fargo & Company upped their price target on shares of Unity Software from $29.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, May 8th. UBS Group upped their price target on shares of Unity Software from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Needham & Company LLC upped their price target on shares of Unity Software from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, May 8th. Bank of America increased their target price on shares of Unity Software from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, March 27th. Finally, BTIG Research increased their target price on shares of Unity Software from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.71.
Unity Software Stock Up 0.2%
Shares of U opened at $27.30 on Monday. The stock has a market cap of $11.92 billion, a price-to-earnings ratio of -17.39, a P/E/G ratio of 3.48 and a beta of 2.06. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. Unity Software Inc. has a 12 month low of $16.78 and a 12 month high of $52.15. The company has a 50-day moving average price of $26.33 and a two-hundred day moving average price of $30.67.
Insider Activity
In other news, CAO Mark Barrysmith sold 13,247 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total transaction of $360,053.46. Following the completion of the sale, the chief accounting officer owned 370,654 shares of the company’s stock, valued at approximately $10,074,375.72. This trade represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Rebecca Berenice Boyden sold 952 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $27.20, for a total transaction of $25,894.40. Following the sale, the senior vice president directly owned 309,445 shares of the company’s stock, valued at approximately $8,416,904. The trade was a 0.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 198,321 shares of company stock valued at $5,390,783. 0.77% of the stock is owned by company insiders.
Unity Software Company Profile
Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.
The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.
Featured Stories
- Five stocks we like better than Unity Software
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
Want to see what other hedge funds are holding U? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unity Software Inc. (NYSE:U – Free Report).
Receive News & Ratings for Unity Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unity Software and related companies with MarketBeat.com's FREE daily email newsletter.
