Segall Bryant & Hamill LLC Makes New Investment in Unity Software Inc. $U

Segall Bryant & Hamill LLC bought a new stake in shares of Unity Software Inc. (NYSE:UFree Report) during the 1st quarter, HoldingsChannel.com reports. The firm bought 99,017 shares of the company’s stock, valued at approximately $1,984,000.

A number of other hedge funds also recently modified their holdings of the business. REAP Financial Group LLC purchased a new position in shares of Unity Software during the fourth quarter valued at $28,000. V Square Quantitative Management LLC acquired a new position in Unity Software during the fourth quarter valued at $30,000. Larson Financial Group LLC lifted its stake in Unity Software by 88.1% in the 3rd 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. International Assets Investment Management LLC purchased a new stake in Unity Software in the 4th quarter worth about $36,000. Finally, IFP Advisors Inc acquired a new stake in Unity Software during the 3rd quarter worth about $33,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Price Performance

NYSE U opened at $35.22 on Wednesday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $15.38 billion, a PE ratio of -22.43, a price-to-earnings-growth ratio of 3.95 and a beta of 2.04. 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 $29.52 and a two-hundred day moving average price of $26.63.

Insider Buying and Selling at Unity Software

In related news, COO Alexander Blum sold 19,009 shares of Unity Software stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $516,664.62. Following the completion of the sale, the chief operating officer owned 730,069 shares of the company’s stock, valued at approximately $19,843,275.42. The trade was a 2.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 company’s stock in a transaction 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 completion of the sale, the senior vice president owned 309,445 shares of the company’s stock, valued at $8,416,904. This represents a 0.31% decrease in their ownership of the stock. 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. Insiders have sold 198,321 shares of company stock worth $5,390,783 in the last ninety days. Company insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on U shares. UBS Group lifted their target price on Unity Software from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday. Raymond James Financial started coverage on shares of Unity Software in a research report on Monday, June 29th. They issued a “market perform” rating for the company. Needham & Company LLC raised their price target on shares of Unity Software from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Barclays boosted their price objective 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. Finally, Wedbush upped their price objective on shares of Unity Software from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.49.

Read Our Latest Stock Report on Unity Software

Unity Software Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Unity Software (NYSE:U)

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