Summit Trail Advisors LLC Purchases New Shares in Unity Software Inc. (NYSE:U)

Summit Trail Advisors LLC purchased a new position in Unity Software Inc. (NYSE:U) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 14,982 shares of the company’s stock, valued at approximately $337,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in Unity Software by 343.8% during the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after buying an additional 949 shares during the period. R Squared Ltd acquired a new position in shares of Unity Software in the 4th quarter valued at about $30,000. Planning Capital Management Corp purchased a new stake in shares of Unity Software in the third quarter worth approximately $34,000. Brooklyn Investment Group acquired a new stake in shares of Unity Software during the third quarter worth approximately $43,000. Finally, Versant Capital Management Inc grew its position in Unity Software by 186.9% during the fourth quarter. Versant Capital Management Inc now owns 2,812 shares of the company’s stock valued at $63,000 after purchasing an additional 1,832 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insider Transactions at Unity Software

In other news, CFO Mark Barrysmith sold 1,228 shares of Unity Software stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $24.44, for a total value of $30,012.32. Following the transaction, the chief financial officer now directly owns 453,638 shares in the company, valued at approximately $11,086,912.72. The trade was a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $17.52, for a total value of $4,380,000.00. Following the sale, the director now owns 4,248,146 shares of the company’s stock, valued at approximately $74,427,517.92. The trade was a 5.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 931,154 shares of company stock worth $21,019,520. 6.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on U. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. Benchmark increased their price objective on Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a report on Friday, November 8th. Macquarie boosted their target price on Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research note on Friday, November 8th. Needham & Company LLC raised their price target on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, UBS Group boosted their price target on Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Unity Software presently has an average rating of “Hold” and an average target price of $22.81.

Unity Software Stock Down 0.3 %

Shares of Unity Software stock opened at $19.44 on Thursday. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $35.56. 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 50 day moving average price of $23.13 and a two-hundred day moving average price of $20.75. The stock has a market capitalization of $7.83 billion, a P/E ratio of -9.53 and a beta of 2.32.

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.