Cerity Partners LLC Boosts Position in Unity Software Inc. (NYSE:U)

Cerity Partners LLC raised its stake in Unity Software Inc. (NYSE:U) by 45.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,478 shares of the company’s stock after buying an additional 24,406 shares during the period. Cerity Partners LLC’s holdings in Unity Software were worth $1,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in U. GAMMA Investing LLC increased its stake in shares of Unity Software by 343.8% during the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after buying an additional 949 shares during the period. Planning Capital Management Corp bought a new position in Unity Software during the 3rd quarter worth about $34,000. Northwestern Mutual Wealth Management Co. increased its position in Unity Software by 163.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after purchasing an additional 1,389 shares during the period. Blue Trust Inc. raised its holdings in shares of Unity Software by 308.8% in the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after purchasing an additional 2,359 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Unity Software in the 2nd quarter worth approximately $82,000. 73.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Unity Software

In other news, Director David Helgason sold 250,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the sale, the director now owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. This represents a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Felix The sold 30,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the sale, the senior vice president now owns 423,679 shares of the company’s stock, valued at $7,579,617.31. This trade represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 554,381 shares of company stock valued at $10,631,723 over the last ninety days. Corporate insiders own 6.30% of the company’s stock.

Unity Software Trading Up 0.5 %

Shares of Unity Software stock opened at $24.24 on Tuesday. The firm has a 50-day simple moving average of $21.31 and a two-hundred day simple moving average of $18.63. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $43.54. The company has a market cap of $9.76 billion, a P/E ratio of -11.87 and a beta of 2.29.

Wall Street Analyst Weigh In

Several research firms have issued reports on U. Piper Sandler reiterated a “neutral” rating and issued a $17.00 target price (down previously from $25.00) on shares of Unity Software in a research note on Friday, August 9th. Benchmark lifted their price objective on shares of Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research report on Friday, November 8th. Macquarie increased their target price on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Friday, November 8th. UBS Group raised their target price on shares of Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company began coverage on Unity Software in a report on Monday, October 28th. They set an “equal weight” rating and a $20.00 price objective for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given 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 $23.35.

About Unity Software

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.