Hel Ved Capital Management Ltd Sells 249,258 Shares of Unity Software Inc. $U

Hel Ved Capital Management Ltd lowered its holdings in shares of Unity Software Inc. (NYSE:U) by 69.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 109,522 shares of the company’s stock after selling 249,258 shares during the period. Unity Software comprises 1.3% of Hel Ved Capital Management Ltd’s holdings, making the stock its 23rd largest holding. Hel Ved Capital Management Ltd’s holdings in Unity Software were worth $4,838,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. REAP Financial Group LLC acquired a new stake in shares of Unity Software during the fourth quarter worth $28,000. Larson Financial Group LLC increased its position in shares of Unity Software by 88.1% during the third 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 period. V Square Quantitative Management LLC acquired a new stake in shares of Unity Software during the fourth quarter worth $30,000. IFP Advisors Inc acquired a new stake in shares of Unity Software during the third quarter worth $33,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Unity Software during the fourth quarter worth $36,000. Institutional investors own 73.46% of the company’s stock.

Wall Street Analyst Weigh In

U has been the subject of several recent analyst reports. UBS Group increased their price objective on shares of Unity Software from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Barclays increased their price objective 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. Morgan Stanley increased their price objective on shares of Unity Software from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, March 27th. BTIG Research increased their price objective on shares of Unity Software from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $37.00 price objective on shares of Unity Software in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Unity Software has an average rating of “Moderate Buy” and an average target price of $37.71.

Insiders Place Their Bets

In other Unity Software news, CFO Jarrod Yahes sold 24,021 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 value of $652,890.78. Following the completion of the sale, the chief financial officer directly owned 704,360 shares in the company, valued at approximately $19,144,504.80. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 firm’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. The trade was a 0.31% 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. In the last three months, insiders 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 Trading Up 2.2%

NYSE:U opened at $27.30 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of -17.39, a PEG ratio of 3.42 and a beta of 2.06. The firm has a fifty day simple moving average of $26.33 and a two-hundred day simple moving average of $30.75. Unity Software Inc. has a 12 month low of $16.78 and a 12 month high of $52.15.

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.