Commerce Bank acquired a new position in shares of Unity Software Inc. (NYSE:U – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,265 shares of the company’s stock, valued at approximately $203,000.
Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its stake in shares of Unity Software by 39.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,797 shares of the company’s stock worth $577,000 after buying an additional 5,071 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Unity Software during the 4th quarter worth about $87,000. KBC Group NV boosted its stake in shares of Unity Software by 777.5% during the 1st quarter. KBC Group NV now owns 107,734 shares of the company’s stock worth $3,495,000 after buying an additional 95,456 shares during the last quarter. Aviance Capital Partners LLC acquired a new position in shares of Unity Software during the 4th quarter worth about $286,000. Finally, Kestra Advisory Services LLC boosted its stake in shares of Unity Software by 20.2% during the 4th quarter. Kestra Advisory Services LLC now owns 18,493 shares of the company’s stock worth $529,000 after buying an additional 3,114 shares during the last quarter. 68.82% of the stock is currently owned by institutional investors and hedge funds.
Unity Software Stock Performance
Shares of Unity Software stock opened at $37.09 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.46 and a quick ratio of 2.46. Unity Software Inc. has a twelve month low of $21.22 and a twelve month high of $58.63. The company’s fifty day moving average is $41.23 and its 200 day moving average is $34.57.
Insider Buying and Selling at Unity Software
In other news, CMO Carol W. Carpenter sold 8,810 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $27.72, for a total transaction of $244,213.20. Following the transaction, the chief marketing officer now owns 391,928 shares in the company, valued at $10,864,244.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director David Helgason sold 10,564 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $50.00, for a total transaction of $528,200.00. Following the transaction, the director now owns 9,120,216 shares in the company, valued at $456,010,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Carol W. Carpenter sold 8,810 shares of the company’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $27.72, for a total transaction of $244,213.20. Following the completion of the sale, the chief marketing officer now owns 391,928 shares in the company, valued at approximately $10,864,244.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 590,847 shares of company stock valued at $22,890,454. 9.00% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
U has been the subject of several recent analyst reports. Morgan Stanley raised their target price on shares of Unity Software from $28.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, August 3rd. JMP Securities began coverage on shares of Unity Software in a research note on Thursday, June 29th. They issued a “market perform” rating for the company. Needham & Company LLC raised their price objective on shares of Unity Software from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Stifel Nicolaus lifted their price target on shares of Unity Software from $40.00 to $50.00 in a research report on Thursday, August 3rd. Finally, Wedbush lifted their price target on shares of Unity Software from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Unity Software has a consensus rating of “Hold” and a consensus target price of $44.29.
Read Our Latest Stock Report on U
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.
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