10,000 Shares in Unity Software Inc. (NYSE:U) Acquired by West Tower Group LLC

West Tower Group LLC purchased a new position in Unity Software Inc. (NYSE:U) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 10,000 shares of the company’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Unity Software by 343.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after buying an additional 949 shares during the last quarter. Planning Capital Management Corp purchased a new stake in Unity Software during the 3rd quarter valued at $34,000. Northwestern Mutual Wealth Management Co. boosted its stake 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 last quarter. Blue Trust Inc. boosted its stake in Unity Software by 308.8% during 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 during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Unity Software by 31.6% during the 1st quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock valued at $62,000 after purchasing an additional 562 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Insider Buying and Selling at Unity Software

In other Unity Software news, 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 value of $536,700.00. Following the completion of the sale, the senior vice president now owns 423,679 shares in the company, valued at approximately $7,579,617.31. This represents a 6.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $17.52, for a total transaction of $4,380,000.00. Following the completion of the sale, the director now owns 4,248,146 shares of the company’s stock, valued at approximately $74,427,517.92. The trade was a 5.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 554,381 shares of company stock valued at $10,631,723. 6.30% of the stock is owned by insiders.

Unity Software Price Performance

Shares of U opened at $24.01 on Tuesday. The firm has a market capitalization of $9.67 billion, a PE ratio of -11.77 and a beta of 2.29. 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 $43.54. The company’s fifty day moving average price is $21.06 and its 200-day moving average price is $18.59.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Needham & Company LLC increased their target price on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Piper Sandler reaffirmed a “neutral” rating and issued a $17.00 target price (down from $25.00) on shares of Unity Software in a report on Friday, August 9th. Benchmark raised their target price on Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a report on Friday, November 8th. 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 target on the stock. Finally, Macquarie raised their price target on Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Unity Software has a consensus rating of “Hold” and an average price target of $23.35.

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.