Y Intercept Hong Kong Ltd trimmed its stake in Unity Software Inc. (NYSE:U – Free Report) by 47.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,111 shares of the company’s stock after selling 46,763 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Unity Software were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. REAP Financial Group LLC purchased a new position in shares of Unity Software during the 4th quarter valued at $28,000. Larson Financial Group LLC grew its position in Unity Software by 88.1% in the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after acquiring an additional 341 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Unity Software during the 4th quarter worth $30,000. IFP Advisors Inc acquired a new position in shares of Unity Software during the 3rd quarter worth $33,000. Finally, International Assets Investment Management LLC bought a new position in Unity Software during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 73.46% of the company’s stock.
Insider Activity at Unity Software
In other news, SVP Rebecca Berenice Boyden sold 952 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $27.20, for a total value of $25,894.40. Following the completion of the transaction, the senior vice president owned 309,445 shares in the company, valued at $8,416,904. This trade represents a 0.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Alexander Blum sold 19,009 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total transaction of $516,664.62. Following the completion of the transaction, the chief operating officer directly owned 730,069 shares of the company’s stock, valued at $19,843,275.42. This represents a 2.54% decrease in their ownership of the stock. 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. Over the last quarter, insiders sold 198,321 shares of company stock valued at $5,390,783. 0.77% of the stock is owned by corporate insiders.
Unity Software Trading Up 0.6%
Analysts Set New Price Targets
U has been the subject of a number of research analyst reports. Barclays boosted their target price on shares of Unity Software from $28.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Wells Fargo & Company lifted their target price on Unity Software from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Citigroup lowered their price target on Unity Software from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley upped their price target on Unity Software from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, March 27th. Finally, BTIG Research raised their price objective on shares of Unity Software from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Unity Software currently has a consensus rating of “Moderate Buy” and an average target price of $37.77.
Check Out Our Latest Stock Analysis on Unity Software
Unity Software 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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