Monolith Management Ltd Acquires New Stake in Unity Software Inc. (NYSE:U)

Monolith Management Ltd bought a new position in shares of Unity Software Inc. (NYSE:U) during the 3rd quarter, Holdings Channel.com reports. The firm bought 486,000 shares of the company’s stock, valued at approximately $10,993,000. Unity Software makes up 6.4% of Monolith Management Ltd’s holdings, making the stock its 8th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in shares of Unity Software by 343.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after purchasing an additional 949 shares during the last quarter. Planning Capital Management Corp acquired a new position in Unity Software in the third quarter valued at $34,000. Northwestern Mutual Wealth Management Co. boosted 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 acquiring an additional 1,389 shares during the last quarter. Blue Trust Inc. grew its holdings in Unity Software by 308.8% during the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock worth $51,000 after acquiring an additional 2,359 shares during the period. Finally, Advisors Asset Management Inc. raised its position in shares of Unity Software by 31.6% in the 1st quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock worth $62,000 after acquiring an additional 562 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

Unity Software Stock Up 4.8 %

Shares of Unity Software stock opened at $23.53 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $43.54. The business has a 50 day moving average price of $20.98 and a 200-day moving average price of $18.60.

Analyst Ratings Changes

U has been the topic of several research analyst reports. Benchmark upped their target price on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research report on Friday, November 8th. Macquarie raised their price objective on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Friday, November 8th. UBS Group lifted their price objective 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. The Goldman Sachs Group cut their target price on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, Morgan Stanley upgraded Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 target price for the company in a research note on Tuesday, September 3rd. Two equities 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $23.35.

Insider Activity at Unity Software

In other news, Director Tomer Bar-Zeev sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $17.52, for a total value of $4,380,000.00. Following the completion of the transaction, the director now directly owns 4,248,146 shares of the company’s stock, valued at $74,427,517.92. This represents a 5.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Shlomo Dovrat sold 3,750 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $17.99, for a total value of $67,462.50. Following the sale, the director now directly owns 2,394,935 shares of the company’s stock, valued at $43,084,880.65. The trade was a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 534,550 shares of company stock valued at $10,148,127. 6.30% of the stock is owned by insiders.

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.