Militia Capital Partners LP Purchases Shares of 40,000 Unity Software Inc. $U

Militia Capital Partners LP purchased a new stake in Unity Software Inc. (NYSE:U) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 40,000 shares of the company’s stock, valued at approximately $1,767,000.

Other large investors have also recently added to or reduced their stakes in the company. REAP Financial Group LLC acquired a new position in Unity Software in the 4th quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in Unity Software in the 4th quarter valued at approximately $30,000. Larson Financial Group LLC raised its holdings in shares of Unity Software by 88.1% in the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after buying an additional 341 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Unity Software in the 4th quarter worth approximately $36,000. Finally, IFP Advisors Inc acquired a new position in shares of Unity Software in the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analysts Set New Price Targets

U has been the subject of a number of recent research reports. Bank of America increased their target price on Unity Software from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, March 27th. Barclays increased their target price on Unity Software from $28.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Wedbush increased their target price on Unity Software from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Morgan Stanley increased their target price on Unity Software from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, March 27th. Finally, Needham & Company LLC increased their target price on Unity Software from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Unity Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.71.

Unity Software Stock Down 1.5%

Shares of U opened at $28.07 on Wednesday. The firm has a market capitalization of $12.25 billion, a price-to-earnings ratio of -17.88, a PEG ratio of 3.64 and a beta of 2.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.95 and a current ratio of 1.95. The business’s fifty day moving average price is $26.55 and its two-hundred day moving average price is $30.47. Unity Software Inc. has a 52 week low of $16.78 and a 52 week high of $52.15.

Insider Transactions at Unity Software

In other Unity Software news, CFO Jarrod Yahes sold 24,021 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total value of $652,890.78. Following the transaction, the chief financial officer directly owned 704,360 shares in the company, valued at approximately $19,144,504.80. This trade represents a 3.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Alexander Blum sold 19,009 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $516,664.62. Following the completion of the transaction, the chief operating officer owned 730,069 shares in the company, valued at $19,843,275.42. The trade was a 2.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 198,321 shares of company stock worth $5,390,783. Corporate insiders own 0.77% of the company’s stock.

About Unity Software

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.