Stifel Financial Corp lessened its position in Unity Software Inc. (NYSE:U - Free Report) by 11.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 205,285 shares of the company's stock after selling 27,091 shares during the period. Stifel Financial Corp owned about 0.05% of Unity Software worth $4,644,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Unity Software by 343.8% during the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company's stock valued at $28,000 after buying an additional 949 shares during the last quarter. Planning Capital Management Corp bought a new position in shares of Unity Software during the third quarter worth $34,000. Brooklyn Investment Group bought a new position in Unity Software during the third quarter valued at $43,000. Northwestern Mutual Wealth Management Co. lifted its position in Unity Software by 163.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company's stock valued at $36,000 after purchasing an additional 1,389 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Unity Software by 308.8% during the second quarter. Blue Trust Inc. now owns 3,123 shares of the company's stock valued at $51,000 after purchasing an additional 2,359 shares during the last quarter. Institutional investors own 73.46% of the company's stock.
Unity Software Trading Up 3.0 %
Shares of U stock traded up $0.73 on Monday, hitting $25.17. 10,135,865 shares of the stock traded hands, compared to its average volume of 10,678,688. The firm's 50-day moving average price is $22.15 and its two-hundred day moving average price is $19.04. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The stock has a market capitalization of $10.14 billion, a PE ratio of -11.98 and a beta of 2.33. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $43.54.
Insider Buying and Selling at Unity Software
In other Unity Software news, Director David Helgason sold 7,860 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $26.45, for a total value of $207,897.00. Following the transaction, the director now directly owns 10,493 shares in the company, valued at $277,539.85. This represents a 42.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Felix The sold 20,000 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $27.43, for a total transaction of $548,600.00. Following the completion of the transaction, the senior vice president now owns 391,960 shares in the company, valued at $10,751,462.80. This represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 513,469 shares of company stock valued at $11,242,333 over the last 90 days. 6.30% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
U has been the topic of several recent analyst reports. Stifel Nicolaus increased their target price on shares of Unity Software from $20.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, September 13th. JMP Securities reissued a "market perform" rating on shares of Unity Software in a research report on Friday, September 13th. Wells Fargo & Company started coverage on shares of Unity Software in a report on Monday, October 28th. They issued an "equal weight" rating and a $20.00 price target on the stock. Needham & Company LLC lifted their target price on shares of Unity Software from $23.00 to $26.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Finally, Macquarie lifted their price objective on shares of Unity Software from $15.00 to $16.00 and gave the company an "underperform" rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $23.35.
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Unity Software Profile
(
Free Report)
Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.
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