Commonwealth Equity Services LLC increased its ownership of Unity Software Inc. (NYSE:U – Get Rating) stock by 4.0% in the third quarter, the company said in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,089 shares of the company’s stock after purchasing an additional 3,127 shares during the quarter. Commonwealth Equity Services LLC’s shares in Unity Software were valued at $2,583,000 at the time of the most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also increased or reduced their stakes in U. Ronald Blue Trust Inc. increased its position in Unity Software by 85.2% in the third quarter. Ronald Blue Trust Inc. now owns 985 shares of the company’s stock valued at $36,000 after purchasing an additional 453 shares last quarter. Motco bought a new stake in Unity Software in the third quarter for approximately $42,000. SeaCrest Wealth Management LLC acquired a new interest in Unity Software in the second quarter for approximately $49,000. Seaport Global Advisors LLC acquired a new interest in Unity Software during the second quarter for approximately $81,000. Finally, Exos TFP Holdings LLC bought a new stake in Unity Software worth about $83,000 during the third quarter. 82.50% of the shares are currently owned by hedge funds and other institutional investors.
Wall Street analyst ponders
U has been the subject of several research analyst reports. Stifel Nicolaus raised his price target on Unity Software to $40.00 from $30.00 and issued a research note on Thursday, November 17, with a “buy” rating of the stock. DA Davidson raised its price target on Unity Software to $45.00 from $35.00 and gave the company a buy rating in a research note on Thursday, February 23. Piper Sandler raised the price target for Unity Software to $43.00 from $33.00 and gave the company an overweight rating in a research note on Thursday, February 23. BTIG Research downgraded Unity Software from a “buy” rating to a “neutral” rating in a research note on Thursday, December 8th. Finally, on Monday, November 28, Morgan Stanley began reporting on Unity Software in a research note. They gave the company an equal weight rating and a price target of $27.50. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $39.79.
Insider activity at Unity Software
In related news, SVP Marc Whitten sold 3,889 shares of the company’s stock in a transaction that took place on Monday, February 27th. The stock sold at an average price of $30.27 for a total value of $117,720.03. Following the transaction, the senior vice president now directly owns 677,682 shares of the company, valued at approximately $20,513,434.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed at this hyperlink. In other news, CMO Carol W. Carpenter sold 797 shares of the stock in a transaction that took place on Tuesday, January 17th. The shares sold at an average price of $32.03 for a total value of $25,527.91. Following the transaction, the Chief Marketing Officer now owns 432,976 shares of the Company, valued at approximately $13,868,221.28. The sale was disclosed in a filing with the Securities & Exchange Commission, available through the SEC’s website. In addition, SVP Marc Whitten sold 3,889 shares of the company’s stock in a transaction that took place on Monday, February 27th. The stock sold at an average price of $30.27 for a total transaction of $117,720.03. Upon closing of the transaction, the senior vice president now directly owns 677,682 shares of the company, valued at approximately $20,513,434.14. The disclosure for this sale can be found here. Over the past three months, insiders have sold 44,422 shares of the company’s shares, valued at $1,346,973. 6.90% of the shares are owned by company insiders. Price performance of Unity software
U shares opened at $27.26 on Friday. Unity Software Inc. has a 12-month low of $21.22 and a 12-month high of $109.99. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt to equity ratio of 0.77. The stock’s 50-day simple moving average is $33.24 and its 200-day simple moving average is $33.40.
About Unity software
(get rating)
Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions for creating, running and monetizing real-time 2D and 3D interactive content for mobile phones, tablets, PCs, consoles and augmented and virtual reality devices. The company offers its solutions directly through its online store and sales force in North America, Denmark, Finland, United Kingdom, Germany, Japan, China, Singapore and South Korea, and indirectly through independent distributors and resellers worldwide.
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