45,862 Shares in Unity Software Inc. $U Bought by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new stake in shares of Unity Software Inc. (NYSE:U) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 45,862 shares of the company’s stock, valued at approximately $1,006,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. REAP Financial Group LLC bought a new position in Unity Software in the fourth quarter worth about $28,000. Larson Financial Group LLC boosted its holdings in shares of Unity Software by 88.1% in the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after buying an additional 341 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Unity Software in the 4th quarter valued at about $30,000. IFP Advisors Inc purchased a new position in shares of Unity Software in the 3rd quarter worth approximately $33,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Unity Software in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wedbush increased their target price on shares of Unity Software from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company lifted their price target on shares of Unity Software from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Piper Sandler reaffirmed an “overweight” rating and set a $45.00 price target (up from $40.00) on shares of Unity Software in a research report on Thursday, July 30th. Raymond James Financial began coverage on Unity Software in a report on Monday, June 29th. They set a “market perform” rating for the company. Finally, Zacks Research raised Unity Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Unity Software presently has an average rating of “Moderate Buy” and an average target price of $38.49.

Insider Transactions at Unity Software

In related news, CEO Matthew S. Bromberg sold 138,993 shares of Unity Software stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total transaction of $3,777,829.74. Following the completion of the sale, the chief executive officer owned 1,557,514 shares of the company’s stock, valued at $42,333,230.52. The trade was a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $27.20, for a total value of $25,894.40. Following the completion of the sale, the senior vice president owned 309,445 shares in the company, valued at approximately $8,416,904. This represents 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. Over the last 90 days, insiders 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 Up 5.5%

Unity Software stock opened at $33.44 on Tuesday. The business’s 50-day simple moving average is $29.35 and its two-hundred day simple moving average is $26.68. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market cap of $14.60 billion, a PE ratio of -21.30, a PEG ratio of 3.75 and a beta of 2.04. Unity Software Inc. has a fifty-two week low of $16.78 and a fifty-two week high of $52.15.

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.