State of Wyoming grew its stake in Unity Software Inc. (NYSE:U – Free Report) by 80.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,702 shares of the company’s stock after purchasing an additional 18,115 shares during the quarter. State of Wyoming’s holdings in Unity Software were worth $893,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Newbridge Financial Services Group Inc. increased its holdings in Unity Software by 12.9% in the third quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company’s stock valued at $108,000 after purchasing an additional 308 shares during the last quarter. Larson Financial Group LLC lifted its stake in Unity Software by 88.1% in the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after buying an additional 341 shares during the period. Swiss Life Asset Management Ltd boosted its holdings in Unity Software by 3.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 14,861 shares of the company’s stock worth $656,000 after buying an additional 449 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Unity Software by 2.1% during the second quarter. Captrust Financial Advisors now owns 22,330 shares of the company’s stock worth $540,000 after buying an additional 462 shares during the last quarter. Finally, Ritholtz Wealth Management grew its position in shares of Unity Software by 8.9% during the 4th quarter. Ritholtz Wealth Management now owns 5,732 shares of the company’s stock worth $253,000 after buying an additional 468 shares during the period. 73.46% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Raymond James Financial started coverage on Unity Software in a research note on Monday, June 29th. They issued a “market perform” rating for the company. Needham & Company LLC boosted their price objective 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. Barclays upped their target price on shares of Unity Software from $28.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Morgan Stanley increased their target price on shares of Unity Software from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, March 27th. Finally, BTIG Research lifted their price target on shares of Unity Software from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Unity Software presently has a consensus rating of “Moderate Buy” and an average target price of $37.99.
More Unity Software News
Here are the key news stories impacting Unity Software this week:
- Positive Sentiment: Wedbush raised its price target on Unity to $36 from $32 and reiterated an Outperform rating, signaling confidence in the company’s turnaround and the potential upside as it works through a major business transition. Wedbush raises Unity price target
- Positive Sentiment: Multiple reports highlighted Unity as a software name that could beat earnings estimates, with AI, cloud adoption and recurring revenue trends seen as supportive for Q2 results. 4 Internet Stocks Poised to Top Estimates This Earnings Season
- Positive Sentiment: Unity’s new Unity 7 roadmap and beta timeline are drawing attention as a potentially meaningful product refresh, with the platform aimed at improving collaboration across game development and incorporating AI-enabled workflows. Unity 7 Roadmap Revealed At Unite Seoul
- Neutral Sentiment: Brokerage-related articles noted that Unity’s average analyst recommendation is near a Buy, but also cautioned that Wall Street ratings can be overly optimistic and are not always a reliable timing signal. Unity Software (U) Is Considered a Good Investment by Brokers: Is That True?
- Negative Sentiment: Despite the upbeat analyst coverage, Unity’s latest trading session still showed weakness, with the stock falling while investors await confirmation that product changes and earnings momentum can translate into better financial performance. Unity Software Inc. (U) Registers a Bigger Fall Than the Market: Important Facts to Note
Insider Buying and Selling at Unity Software
In other Unity Software 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 sale, the chief accounting officer directly owned 370,654 shares in the company, valued at approximately $10,074,375.72. This trade represents a 3.45% decrease in their position. The sale 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, CEO Matthew S. Bromberg sold 138,993 shares of the company’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 $3,777,829.74. Following the completion of the transaction, the chief executive officer owned 1,557,514 shares of the company’s stock, valued at $42,333,230.52. This trade represents a 8.19% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 198,321 shares of company stock worth $5,390,783 in the last quarter. Company insiders own 0.77% of the company’s stock.
Unity Software Trading Down 1.7%
NYSE:U opened at $29.36 on Thursday. Unity Software Inc. has a fifty-two week low of $16.78 and a fifty-two week high of $52.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market capitalization of $12.82 billion, a PE ratio of -18.70, a price-to-earnings-growth ratio of 3.62 and a beta of 2.05. The business’s 50-day simple moving average is $28.55 and its 200-day simple moving average is $27.48.
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.
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