GSA Capital Partners LLP Makes New Investment in Unity Software Inc. $U

GSA Capital Partners LLP purchased a new stake in Unity Software Inc. (NYSE:U) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 47,935 shares of the company’s stock, valued at approximately $1,370,000.

Several other hedge funds and other institutional investors have also made changes to their positions in U. REAP Financial Group LLC acquired a new stake in Unity Software in the fourth quarter valued at approximately $28,000. Larson Financial Group LLC grew its holdings in Unity Software by 88.1% during the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after acquiring an additional 341 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Unity Software during the 4th quarter worth approximately $36,000. IFP Advisors Inc acquired a new position in Unity Software during the 3rd quarter worth approximately $33,000. Finally, GF Fund Management CO. LTD. purchased a new stake in shares of Unity Software in the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Unity Software from $36.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, August 7th. HSBC upgraded shares of Unity Software from a “hold” rating to a “buy” rating and set a $47.10 target price for the company in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft raised Unity Software from a “hold” rating to a “buy” rating and increased their target price for the company from $31.00 to $50.00 in a report on Friday, August 7th. Barclays lifted their price target on Unity Software from $28.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Finally, UBS Group reaffirmed an “outperform” rating on shares of Unity Software in a research report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.16.

Unity Software Trading Up 0.2%

NYSE U opened at $46.33 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.03 and a current ratio of 2.03. The firm has a market cap of $20.39 billion, a PE ratio of -34.07, a P/E/G ratio of 3.16 and a beta of 2.04. Unity Software Inc. has a one year low of $16.78 and a one year high of $52.15. The firm’s fifty day moving average is $31.58 and its two-hundred day moving average is $26.67.

Insider Buying and Selling at Unity Software

In related news, COO Alexander Blum sold 2,099 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $27.37, for a total transaction of $57,449.63. Following the transaction, the chief operating officer owned 727,970 shares of the company’s stock, valued at $19,924,538.90. This trade represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Mark Barrysmith sold 13,247 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $360,053.46. Following the completion of the transaction, the chief accounting officer owned 370,654 shares in the company, valued at $10,074,375.72. This trade represents a 3.45% decrease in their position. 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 ninety days, insiders have sold 198,321 shares of company stock valued at $5,390,783. Corporate insiders own 0.77% of the company’s stock.

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.