Maytus Capital Management LLC Purchases Shares of 105,000 Unity Software Inc. $U

Maytus Capital Management LLC purchased a new stake in shares of Unity Software Inc. (NYSE:U) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 105,000 shares of the company’s stock, valued at approximately $4,638,000.

Other hedge funds have also added to or reduced their stakes in the company. REAP Financial Group LLC acquired a new stake in Unity Software during the 4th quarter valued at $28,000. V Square Quantitative Management LLC acquired a new stake in Unity Software during the 4th quarter valued at $30,000. Larson Financial Group LLC lifted its holdings in Unity Software by 88.1% during the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after purchasing an additional 341 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Unity Software during the 4th quarter valued at $36,000. Finally, IFP Advisors Inc acquired a new stake in Unity Software during the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Stock Down 1.5%

U opened at $28.07 on Wednesday. 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 fifty-two week low of $16.78 and a fifty-two week high of $52.15. The company has a market capitalization of $12.25 billion, a P/E ratio of -17.88, a P/E/G ratio of 3.64 and a beta of 2.06. The stock has a fifty day moving average of $26.55 and a 200-day moving average of $30.47.

Insider Buying and Selling

In related news, CAO Mark Barrysmith sold 13,247 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total value of $360,053.46. Following the transaction, the chief accounting officer owned 370,654 shares in the company, valued at approximately $10,074,375.72. This trade represents a 3.45% decrease in their ownership of the stock. The sale 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 firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $27.20, for a total value of $25,894.40. Following the completion of the transaction, the senior vice president owned 309,445 shares in the company, valued at $8,416,904. The trade was a 0.31% decrease in their position. 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 valued at $5,390,783 in the last ninety days. Insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on U shares. Wall Street Zen downgraded Unity Software from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. UBS Group lifted their target price on Unity Software from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Wedbush lifted their target price on Unity Software from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Wells Fargo & Company lifted their target price on Unity Software from $29.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Needham & Company LLC lifted their target price on Unity Software from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Unity Software has an average rating of “Moderate Buy” and an average target price of $37.71.

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.