Tidal Investments LLC has closed its position in Unity Software Inc. shares. (NYSE:U – Free Report) increased 4.9% during the third quarter, the company said in its most recent notice to the Securities and Exchange Commission. The company owned 15,410 shares of the company’s stock, having purchased an additional 723 shares during the period. Tidal Investments LLC’s holdings in Unity Software were worth $349,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Unity Software by 9.7% in the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock worth $106,008,000 after purchasing an additional 413,474 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Unity Software by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock worth $37,806,000 after purchasing an additional 200,008 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Unity Software by 35.0% during the second quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company’s stock worth $31,805,000 after purchasing an additional 507,274 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Unity Software by 100.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock worth $42,662,000 after purchasing an additional 944,709 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Unity Software shares by 40.6% in the second quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company’s stock valued at $23,929,000 after purchasing an additional 424,806 shares during the period. 73.46% of the shares are currently held by institutional investors.
Wall Street analysts predict growth
You’ve been the subject of a number of recent analyst reports. Oppenheimer issued another “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a report on Friday, September 13th. Wedbush increased their target price on shares of Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, September 16. Benchmark raised their price objective on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a report on Friday, November 8th. Finally, Stifel Nicolaus raised their target price on shares of Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Unity Software currently has a consensus rating of “Hold” and an average price target of $22.21.
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Insider activity
In other Unity Software news, Director David Helgason sold 7,860 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock sold at an average price of $26.45, for a total transaction of $207,897.00. Following the transaction, the director now owns 10,493 shares in the company, valued at $277,539.85. This transaction represents a 42.83% decrease in their ownership of the shares. The sale was disclosed in a document filed with the SEC and available on the SEC website. Also, CFO Mark Barrysmith sold 1,228 shares of Unity Software stock in a transaction dated Monday, December 16. The stock sold at an average price of $24.44, for a total value of $30,012.32. Following the completion of the transaction, the chief financial officer now owns 453,638 shares in the company, valued at $11,086,912.72. The transaction represented a 0.27% decrease in their ownership of the shares. The explanation of this sale can be found here. In the last 90 days, insiders have sold 512,669 company shares worth $11,225,869. Insiders own 6.30% of the company’s shares.
Unity Software Price Performance
NYSE U opened at $22.80 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 market cap of $9.18 billion, a price-to-earnings ratio of -11.18 and a beta of 2.33. The company’s 50-day simple moving average is $22.38 and its 200-day simple moving average is $19.26. 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 Company Profile
(Free report)
Unity Software Inc operates a real-time 3D development platform. The platform provides software solutions for creating, executing and generating 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 stores 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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