Choreo LLC Purchases 1,344 Shares of Unity Software Inc. (NYSE:U)

Choreo LLC lifted its position in Unity Software Inc. (NYSE:U) by 14.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,940 shares of the company’s stock after purchasing an additional 1,344 shares during the period. Choreo LLC’s holdings in Unity Software were worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of U. GAMMA Investing LLC raised its position 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 last quarter. R Squared Ltd bought a new position in shares of Unity Software during the fourth quarter worth $30,000. Planning Capital Management Corp bought a new stake in Unity Software in the 3rd quarter valued at $34,000. Brooklyn Investment Group bought a new stake in Unity Software in the 3rd quarter valued at $43,000. Finally, Versant Capital Management Inc lifted its stake in Unity Software by 186.9% in the 4th quarter. Versant Capital Management Inc now owns 2,812 shares of the company’s stock worth $63,000 after purchasing an additional 1,832 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Mark Barrysmith sold 1,228 shares of Unity Software stock in a transaction on Monday, December 16th. The stock was sold at an average price of $24.44, for a total value of $30,012.32. Following the transaction, the chief financial officer now directly owns 453,638 shares in the company, valued at approximately $11,086,912.72. This trade represents a 0.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Shlomo Dovrat sold 3,750 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $17.99, for a total value of $67,462.50. Following the completion of the transaction, the director now directly owns 2,394,935 shares of the company’s stock, valued at approximately $43,084,880.65. The trade was a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 681,154 shares of company stock worth $16,639,520. 6.30% of the stock is currently owned by company insiders.

Unity Software Trading Up 4.0 %

Shares of U opened at $21.57 on Friday. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of -10.57 and a beta of 2.32. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $35.56. The company has a 50-day moving average of $22.85 and a 200 day moving average of $20.74.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on U shares. 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 on the stock. Barclays upped their price target on shares of Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. Jefferies Financial Group boosted their target price on shares of Unity Software from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $22.81.

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.