Washington Harbour Partners LP Acquires Shares of 157,059 Unity Software Inc. (NYSE:U)

Washington Harbour Partners LP purchased a new position in shares of Unity Software Inc. (NYSE:U - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 157,059 shares of the company's stock, valued at approximately $3,553,000. Unity Software makes up approximately 6.4% of Washington Harbour Partners LP's investment portfolio, making the stock its 6th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its position in shares of Unity Software by 346.5% during the 1st quarter. Cetera Investment Advisers now owns 119,938 shares of the company's stock worth $3,202,000 after purchasing an additional 93,078 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in Unity Software by 156.1% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 132,565 shares of the company's stock valued at $2,156,000 after purchasing an additional 80,795 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Unity Software by 56.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,234 shares of the company's stock valued at $231,000 after purchasing an additional 5,128 shares during the last quarter. 180 Wealth Advisors LLC purchased a new position in shares of Unity Software in the 2nd quarter worth $215,000. Finally, SteelPeak Wealth LLC lifted its position in Unity Software by 30.2% during the second quarter. SteelPeak Wealth LLC now owns 58,926 shares of the company's stock valued at $958,000 after buying an additional 13,658 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on U shares. UBS Group upped their target price on shares of Unity Software from $15.00 to $20.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Morgan Stanley raised shares of Unity Software from an "equal weight" rating to an "overweight" rating and set a $22.00 price objective for the company in a research report on Tuesday, September 3rd. Barclays lifted their target price on Unity Software from $16.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. JMP Securities reiterated a "market perform" rating on shares of Unity Software in a research note on Friday, September 13th. Finally, Wells Fargo & Company began coverage on shares of Unity Software in a research note on Monday, October 28th. They issued an "equal weight" rating and a $20.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $23.35.

Unity Software Price Performance

Unity Software stock traded up $0.09 during midday trading on Friday, hitting $27.72. The company's stock had a trading volume of 15,983,423 shares, compared to its average volume of 10,688,163. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $43.54. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $11.17 billion, a PE ratio of -13.57 and a beta of 2.33. The stock's 50-day moving average price is $21.58 and its 200-day moving average price is $18.78.

Insider Buying and Selling

In other Unity Software news, SVP Felix The sold 30,000 shares of Unity Software stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the transaction, the senior vice president now directly owns 423,679 shares of the company's stock, valued at $7,579,617.31. The trade was a 6.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tomer Bar-Zeev sold 210,000 shares of the business's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $26.23, for a total transaction of $5,508,300.00. Following the transaction, the director now directly owns 967,650 shares in the company, valued at $25,381,459.50. This trade represents a 17.83 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 764,381 shares of company stock worth $16,140,023. Insiders own 6.30% of the company's stock.

About Unity Software

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.