LMR Partners LLP Buys Shares of 27,016 Unity Software Inc. (NYSE:U)

LMR Partners LLP acquired a new stake in Unity Software Inc. (NYSE:U) in the 3rd quarter, Holdings Channel reports. The fund acquired 27,016 shares of the company’s stock, valued at approximately $611,000.

Several other institutional investors and hedge funds have also made changes to their positions in U. GAMMA Investing LLC grew 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 acquired a new position in shares of Unity Software in the 3rd quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Unity Software by 163.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after purchasing an additional 1,389 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Unity Software by 31.6% during the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock valued at $62,000 after purchasing an additional 562 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Unity Software during the first quarter worth approximately $65,000. 73.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Unity Software

In other Unity Software news, SVP Felix The sold 30,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction 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. This represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction dated 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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 530,800 shares of company stock worth $10,080,664 over the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

Unity Software Trading Up 10.0 %

Unity Software stock opened at $19.79 on Wednesday. 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 stock has a market cap of $7.97 billion, a P/E ratio of -9.70 and a beta of 2.29. The company’s fifty day simple moving average is $20.75 and its 200-day simple moving average is $18.65.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Benchmark increased their price objective on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research report on Friday, November 8th. Stifel Nicolaus upped their target price on Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a report on Friday, September 13th. UBS Group lifted their price target on Unity Software from $15.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Piper Sandler restated a “neutral” rating and set a $17.00 price objective (down previously from $25.00) on shares of Unity Software in a report on Friday, August 9th. Finally, Barclays raised their target price 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 research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $23.35.

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.