Greenland Capital Management LP acquired a new stake in Unity Software Inc. (NYSE:U – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,892 shares of the company’s stock, valued at approximately $569,000.
Other institutional investors have also bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Unity Software by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company’s stock worth $15,930,000 after buying an additional 45,481 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Unity Software in the first quarter valued at $260,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Unity Software by 28.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,542 shares of the company’s stock valued at $134,000 after buying an additional 1,241 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Unity Software by 11.3% during the 2nd quarter. California Public Employees Retirement System now owns 520,774 shares of the company’s stock valued at $12,603,000 after buying an additional 53,015 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Unity Software by 1,135.6% during the 2nd quarter. Sei Investments Co. now owns 224,715 shares of the company’s stock worth $5,438,000 after acquiring an additional 206,529 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.
Unity Software Price Performance
Shares of NYSE U opened at $46.90 on Friday. The stock has a fifty day moving average of $33.48 and a 200-day moving average of $27.07. The stock has a market cap of $20.64 billion, a PE ratio of -34.49, a price-to-earnings-growth ratio of 2.06 and a beta of 2.04. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.03 and a current ratio of 2.03. Unity Software Inc. has a fifty-two week low of $16.78 and a fifty-two week high of $52.15.
Insider Transactions at Unity Software
In related news, CFO Jarrod Yahes sold 24,021 shares of the business’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 $652,890.78. Following the completion of the transaction, the chief financial officer owned 704,360 shares of the company’s stock, valued at approximately $19,144,504.80. The trade was a 3.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Alexander Blum sold 2,099 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $27.37, for a total transaction of $57,449.63. Following the sale, the chief operating officer directly owned 727,970 shares in the company, valued at $19,924,538.90. This trade represents a 0.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 198,321 shares of company stock valued at $5,390,783. Company insiders own 0.77% of the company’s stock.
Analysts Set New Price Targets
U has been the subject of several recent research reports. Piper Sandler lifted their price objective on Unity Software from $45.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Raymond James Financial initiated coverage on shares of Unity Software in a research report on Monday, June 29th. They set a “market perform” rating for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Unity Software from a “hold” rating to a “buy” rating and lifted their target price for the stock from $31.00 to $50.00 in a research note on Friday, August 7th. Citizens Jmp boosted their price target on shares of Unity Software from $37.00 to $45.00 and gave the company a “market outperform” rating in a research report on Friday, August 7th. Finally, Barclays boosted their price target on shares of Unity Software from $28.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.16.
Check Out Our Latest Stock Analysis on U
About Unity Software
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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