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

Militia Capital Partners LP bought a new stake in Unity Software Inc. (NYSE:U) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,000 shares of the company’s stock, valued at approximately $1,767,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of U. Wellington Management Group LLP grew its stake in Unity Software by 58.7% in the third quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company’s stock valued at $729,284,000 after purchasing an additional 6,734,285 shares in the last quarter. Norges Bank purchased a new position in Unity Software in the fourth quarter valued at about $230,285,000. Duquesne Family Office LLC purchased a new position in Unity Software in the second quarter valued at about $42,932,000. WT Asset Management Ltd purchased a new position in Unity Software in the fourth quarter valued at about $57,626,000. Finally, FengHe Fund Management Pte. Ltd. grew its stake in Unity Software by 287.0% in the fourth quarter. FengHe Fund Management Pte. Ltd. now owns 1,732,002 shares of the company’s stock valued at $76,503,000 after purchasing an additional 1,284,400 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Price Performance

NYSE U opened at $28.07 on Wednesday. Unity Software Inc. has a twelve month low of $16.78 and a twelve month high of $52.15. 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 stock has a market capitalization of $12.25 billion, a PE ratio of -17.88, a P/E/G ratio of 3.64 and a beta of 2.06. The stock has a 50-day simple moving average of $26.55 and a 200 day simple moving average of $30.47.

Wall Street Analyst Weigh In

A number of research analysts have commented on U shares. Needham & Company LLC boosted their target price on Unity Software from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Morgan Stanley boosted their target price on Unity Software from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, March 27th. BTIG Research boosted their target price on Unity Software from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Piper Sandler assumed coverage on Unity Software in a research note on Tuesday, June 2nd. They issued an “overweight” rating and a $40.00 target price on the stock. Finally, Wells Fargo & Company upped their price target on Unity Software from $29.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Unity Software has an average rating of “Moderate Buy” and a consensus target price of $37.71.

Insider Transactions at Unity Software

In other Unity Software news, CFO Jarrod Yahes sold 24,021 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 704,360 shares of the company’s stock, valued at $19,144,504.80. This represents a 3.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 company’s stock in a transaction that occurred 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 directly owned 730,069 shares of the company’s stock, valued at approximately $19,843,275.42. This trade represents a 2.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 198,321 shares of company stock worth $5,390,783. 0.77% of the stock is currently owned by company insiders.

Unity Software Profile

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.