GSA Capital Partners LLP acquired a new stake in Unity Software Inc. (NYSE:U - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 47,935 shares of the company's stock, valued at approximately $1,370,000.
A number of other institutional investors have also bought and sold shares of U. Vanguard Group Inc. lifted its position in Unity Software by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 35,553,296 shares of the company's stock worth $1,570,389,000 after buying an additional 996,685 shares in the last quarter. Wellington Management Group LLP grew its holdings in Unity Software by 58.7% in the 3rd quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company's stock valued at $729,284,000 after buying an additional 6,734,285 shares in the last quarter. Geode Capital Management LLC grew its holdings in Unity Software by 5.9% in the 4th quarter. Geode Capital Management LLC now owns 5,852,047 shares of the company's stock valued at $258,547,000 after buying an additional 328,595 shares in the last quarter. Norges Bank acquired a new stake in shares of Unity Software in the 4th quarter worth $230,285,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of Unity Software by 37.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,628,328 shares of the company's stock worth $112,006,000 after acquiring an additional 1,270,798 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, CFO Jarrod Yahes sold 24,021 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 $652,890.78. Following the sale, the chief financial officer directly owned 704,360 shares of the company's stock, valued at $19,144,504.80. This represents a 3.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total transaction of $516,664.62. Following the sale, the chief operating officer owned 730,069 shares in the company, valued at approximately $19,843,275.42. This trade represents a 2.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 198,321 shares of company stock valued at $5,390,783. 0.77% of the stock is owned by company insiders.
Unity Software Stock Performance
NYSE U opened at $46.33 on Monday. The company has a market cap of $20.39 billion, a P/E ratio of -34.07, a P/E/G ratio of 3.16 and a beta of 2.04. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.03 and a quick ratio of 2.03. The stock has a 50-day moving average of $31.58 and a two-hundred day moving average of $26.67. Unity Software Inc. has a 1-year low of $16.78 and a 1-year high of $52.15.
Wall Street Analyst Weigh In
U has been the subject of a number of analyst reports. BTIG Research upped their price objective on shares of Unity Software from $43.00 to $51.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Wells Fargo & Company increased their price target on shares of Unity Software from $36.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Raymond James Financial began coverage on shares of Unity Software in a research report on Monday, June 29th. They set a "market perform" rating on the stock. Needham & Company LLC upped their price objective on Unity Software from $40.00 to $54.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, Weiss Ratings upgraded Unity Software from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $45.16.
Check Out 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.
See Also
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