BlackRock Inc. raised its stake in shares of Unity Software Inc. (NYSE:U – Get Rating) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,127,497 shares of the company's stock after purchasing an additional 250,855 shares during the period. BlackRock Inc. owned 3.70% of Unity Software worth $354,522,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ronald Blue Trust Inc. bought a new position in Unity Software during the second quarter worth $53,000. Geneos Wealth Management Inc. raised its position in shares of Unity Software by 74.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 977 shares of the company's stock worth $96,000 after acquiring an additional 417 shares in the last quarter. Motco acquired a new position in shares of Unity Software in the 3rd quarter valued at about $42,000. SeaCrest Wealth Management LLC bought a new stake in shares of Unity Software during the 2nd quarter valued at about $49,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in Unity Software during the first quarter worth approximately $208,000. 82.50% of the stock is owned by institutional investors and hedge funds.
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Insider Buying and Selling at Unity Software
In related news, CFO Luis Felipe Visoso sold 6,523 shares of the business's stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $30.30, for a total transaction of $197,646.90. Following the transaction, the chief financial officer now directly owns 732,215 shares in the company, valued at $22,186,114.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Unity Software news, CFO Luis Felipe Visoso sold 6,523 shares of the company's stock in a transaction on Monday, February 27th. The stock was sold at an average price of $30.30, for a total value of $197,646.90. Following the completion of the transaction, the chief financial officer now owns 732,215 shares in the company, valued at approximately $22,186,114.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Carol W. Carpenter sold 797 shares of Unity Software stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $32.03, for a total value of $25,527.91. Following the sale, the chief marketing officer now owns 432,976 shares in the company, valued at $13,868,221.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,422 shares of company stock worth $1,346,973. Corporate insiders own 6.90% of the company's stock.
Unity Software Stock Performance
Shares of NYSE:U opened at $27.26 on Friday. The business's 50 day moving average is $33.24 and its 200 day moving average is $33.48. Unity Software Inc. has a 12-month low of $21.22 and a 12-month high of $109.99. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.77.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Barclays increased their price target on Unity Software from $22.00 to $33.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 25th. DA Davidson increased their target price on shares of Unity Software from $35.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, February 23rd. Piper Sandler raised their price target on shares of Unity Software from $33.00 to $43.00 and gave the stock an "overweight" rating in a report on Thursday, February 23rd. Stifel Nicolaus upped their price objective on shares of Unity Software from $30.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, November 17th. Finally, Oppenheimer downgraded Unity Software from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $39.79.
Unity Software Profile
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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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