10,000 Shares in Unity Software Inc. (NYSE:U) Bought by West Tower Group LLC

West Tower Group LLC purchased a new position in shares of Unity Software Inc. (NYSE:U) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the company’s stock, valued at approximately $226,000.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted 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 worth $28,000 after acquiring an additional 949 shares during the period. Planning Capital Management Corp bought a new stake in shares of Unity Software in the third quarter valued at $34,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 1,389 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Unity Software by 31.6% in the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock valued at $62,000 after buying an additional 562 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Unity Software by 308.8% in the second quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after buying an additional 2,359 shares during the period. 73.46% of the stock is currently owned by institutional investors.

Insider Activity

In other Unity Software news, CFO Mark Barrysmith sold 8,112 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $24.38, for a total transaction of $197,770.56. Following the completion of the transaction, the chief financial officer now owns 454,866 shares of the company’s stock, valued at $11,089,633.08. This represents a 1.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David Helgason sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $20.59, for a total value of $5,147,500.00. Following the transaction, the director now directly owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. The trade was a 2.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 554,381 shares of company stock valued at $10,631,723. Insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on U. UBS Group boosted their target price on Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Wedbush boosted their target price on Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Piper Sandler restated a “neutral” rating and issued a $17.00 target price (down from $25.00) on shares of Unity Software in a research note on Friday, August 9th. Stifel Nicolaus boosted their price objective on Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, Needham & Company LLC boosted their price objective on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $23.35.

Unity Software Trading Up 2.0 %

NYSE U opened at $24.01 on Tuesday. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $43.54. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average of $21.06 and a 200-day moving average of $18.59. The firm has a market cap of $9.67 billion, a PE ratio of -11.77 and a beta of 2.29.

Unity Software 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.