Unity Software Inc. $U Shares Purchased by Contrarius Group Holdings Ltd

Contrarius Group Holdings Ltd boosted its stake in Unity Software Inc. (NYSE:U) by 42.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 545,529 shares of the company’s stock after purchasing an additional 161,527 shares during the quarter. Unity Software comprises 1.2% of Contrarius Group Holdings Ltd’s portfolio, making the stock its 19th largest position. Contrarius Group Holdings Ltd owned about 0.13% of Unity Software worth $24,096,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. REAP Financial Group LLC purchased a new stake in Unity Software in the fourth quarter valued at approximately $28,000. Larson Financial Group LLC increased its holdings in shares of Unity Software by 88.1% during the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after buying an additional 341 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Unity Software during the 4th quarter worth $30,000. IFP Advisors Inc acquired a new stake in shares of Unity Software during the 3rd quarter worth $33,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Unity Software during the 4th quarter worth $36,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Bank of America raised their price objective on Unity Software from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, March 27th. BTIG Research lifted their price target on shares of Unity Software from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. The Goldman Sachs Group reduced their price target on shares of Unity Software from $47.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. Needham & Company LLC lifted their price target on shares of Unity Software from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, UBS Group lifted their price target on shares of Unity Software from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.71.

Insider Activity at Unity Software

In other Unity Software news, CEO Matthew S. Bromberg sold 138,993 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $3,777,829.74. Following the transaction, the chief executive officer owned 1,557,514 shares in the company, valued at $42,333,230.52. The trade was a 8.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jarrod Yahes sold 24,021 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was 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 in the company, valued at $19,144,504.80. This represents a 3.30% decrease in their position. 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. Over the last three months, insiders have sold 198,321 shares of company stock valued at $5,390,783. 0.77% of the stock is currently owned by corporate insiders.

Unity Software Price Performance

U stock opened at $29.15 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.95 and a current ratio of 1.95. Unity Software Inc. has a 1 year low of $16.78 and a 1 year high of $52.15. The firm has a market cap of $12.72 billion, a P/E ratio of -18.56, a price-to-earnings-growth ratio of 3.73 and a beta of 2.06. The stock has a 50-day simple moving average of $25.59 and a 200-day simple moving average of $31.07.

Unity Software Company 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.