Summit Trail Advisors LLC Takes $337,000 Position in Unity Software Inc. (NYSE:U)

Summit Trail Advisors LLC acquired a new position in shares of Unity Software Inc. (NYSE:U - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 14,982 shares of the company's stock, valued at approximately $337,000.

Several other large investors have also recently added to or reduced their stakes in U. GAMMA Investing LLC increased its position in Unity Software by 343.8% during the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company's stock worth $28,000 after acquiring an additional 949 shares during the period. R Squared Ltd acquired a new position in shares of Unity Software during the 4th quarter worth approximately $30,000. Planning Capital Management Corp bought a new position in shares of Unity Software during the third quarter worth approximately $34,000. Brooklyn Investment Group acquired a new stake in shares of Unity Software in the third quarter valued at approximately $43,000. Finally, Versant Capital Management Inc boosted its stake in shares of Unity Software by 186.9% in the fourth quarter. Versant Capital Management Inc now owns 2,812 shares of the company's stock valued at $63,000 after buying an additional 1,832 shares during the period. Institutional investors own 73.46% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Benchmark raised their price objective on Unity Software from $10.00 to $15.00 and gave the stock a "sell" rating in a research note on Friday, November 8th. Morgan Stanley boosted their price target on Unity Software from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. UBS Group upped their price objective on shares of Unity Software from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Wells Fargo & Company initiated coverage on shares of Unity Software in a report on Monday, October 28th. They issued an "equal weight" rating and a $20.00 target price on the stock. Finally, Barclays upped their price target on shares of Unity Software from $16.00 to $18.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Unity Software currently has a consensus rating of "Hold" and an average price target of $22.81.

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Insider Buying and Selling at Unity Software

In other Unity Software news, Director Shlomo Dovrat sold 3,750 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $17.99, for a total transaction of $67,462.50. Following the completion of the transaction, the director now owns 2,394,935 shares in the company, valued at approximately $43,084,880.65. This trade represents a 0.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Felix The sold 20,000 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $27.43, for a total value of $548,600.00. Following the sale, the senior vice president now owns 391,960 shares of the company's stock, valued at approximately $10,751,462.80. The trade was a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 681,154 shares of company stock worth $16,639,520. 6.30% of the stock is currently owned by insiders.

Unity Software Price Performance

Shares of NYSE U traded up $0.83 during mid-day trading on Friday, hitting $21.57. 9,436,891 shares of the stock traded hands, compared to its average volume of 6,872,919. The company has a market cap of $8.69 billion, a PE ratio of -10.57 and a beta of 2.32. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $35.56. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a 50 day simple moving average of $22.73 and a two-hundred day simple moving average of $20.84.

Unity Software Company Profile

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.