Summit Trail Advisors LLC Invests $337,000 in Unity Software Inc. (NYSE:U)

Summit Trail Advisors LLC bought a new stake in Unity Software Inc. (NYSE:U) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,982 shares of the company’s stock, valued at approximately $337,000.

A number of other large investors have also added to or reduced their stakes in U. Ariose Capital Management Ltd purchased a new position in shares of Unity Software during the 4th quarter valued at approximately $2,299,000. Charles Schwab Investment Management Inc. boosted its stake in Unity Software by 100.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after acquiring an additional 944,709 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Unity Software by 2,665.4% during the 3rd quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock worth $7,747,000 after acquiring an additional 330,088 shares in the last quarter. LMR Partners LLP bought a new stake in shares of Unity Software in the 3rd quarter worth about $611,000. Finally, Edgestream Partners L.P. lifted its position in shares of Unity Software by 637.9% during the third quarter. Edgestream Partners L.P. now owns 102,899 shares of the company’s stock worth $2,328,000 after purchasing an additional 88,955 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Trading Down 0.3 %

NYSE:U opened at $19.44 on Thursday. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $35.56. The business has a fifty day moving average of $23.13 and a 200-day moving average of $20.75. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of -9.53 and a beta of 2.32.

Analysts Set New Price Targets

Several analysts recently weighed in on U shares. Macquarie boosted their price objective on Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a report on Friday, November 8th. Needham & Company LLC lifted their price objective on shares of Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 8th. UBS Group raised their price target on shares of Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Oppenheimer restated a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. Finally, Wells Fargo & Company assumed coverage on Unity Software in a research report on Monday, October 28th. They set an “equal weight” rating and a $20.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Unity Software has a consensus rating of “Hold” and a consensus price target of $22.81.

Insider Activity at Unity Software

In other news, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark Barrysmith sold 1,362 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $21.91, for a total value of $29,841.42. Following the completion of the sale, the chief accounting officer now owns 452,276 shares of the company’s stock, valued at approximately $9,909,367.16. This trade represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 931,154 shares of company stock worth $21,019,520 in the last 90 days. Corporate insiders own 6.30% of the company’s stock.

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.