24,013 Shares in Unity Software Inc. (NYSE:U) Acquired by Maytree Asset Management Ltd

Maytree Asset Management Ltd purchased a new position in shares of Unity Software Inc. (NYSE:U) during the fourth quarter, HoldingsChannel reports. The firm purchased 24,013 shares of the company’s stock, valued at approximately $540,000. Unity Software makes up 1.2% of Maytree Asset Management Ltd’s investment portfolio, making the stock its 9th largest position.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Unity Software during the 4th quarter worth approximately $30,000. Principal Securities Inc. increased its holdings in Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after purchasing an additional 477 shares in the last quarter. Planning Capital Management Corp bought a new stake in Unity Software during the 3rd quarter worth approximately $34,000. GAMMA Investing LLC increased its holdings in Unity Software by 33.6% during the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after purchasing an additional 411 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in Unity Software during the 3rd quarter worth approximately $43,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on U shares. Jefferies Financial Group boosted their price objective on Unity Software from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Morgan Stanley boosted their price objective on Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Wells Fargo & Company started 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. JMP Securities reissued a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. Finally, Barclays boosted their price objective on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $22.81.

Insider Buying and Selling at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 210,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $26.23, for a total transaction of $5,508,300.00. Following the completion of the transaction, the director now directly owns 967,650 shares of the company’s stock, valued at approximately $25,381,459.50. This represents a 17.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark Barrysmith sold 1,362 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $21.91, for a total value of $29,841.42. Following the transaction, the chief accounting officer now directly owns 452,276 shares of the company’s stock, valued at approximately $9,909,367.16. This trade represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 679,264 shares of company stock valued at $16,612,383. Company insiders own 6.30% of the company’s stock.

Unity Software Price Performance

U stock opened at $21.48 on Thursday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The business has a 50 day moving average of $22.42 and a 200-day moving average of $20.94. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $33.43.

Unity Software Profile

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.