Bouvel Investment Partners LLC Acquires 12,823 Shares of Unity Software Inc. (NYSE:U)

Bouvel Investment Partners LLC boosted its stake in shares of Unity Software Inc. (NYSE:U) by 56.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,595 shares of the company’s stock after acquiring an additional 12,823 shares during the quarter. Bouvel Investment Partners LLC’s holdings in Unity Software were worth $805,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. GSA Capital Partners LLP bought a new stake in shares of Unity Software during the 3rd quarter worth approximately $380,000. Venturi Wealth Management LLC boosted its stake in shares of Unity Software by 28.7% during the third quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock valued at $89,000 after purchasing an additional 876 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in shares of Unity Software by 6.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 111,940 shares of the company’s stock worth $2,532,000 after purchasing an additional 6,689 shares during the last quarter. Covestor Ltd increased its stake in Unity Software by 678.8% in the 3rd quarter. Covestor Ltd now owns 4,143 shares of the company’s stock worth $94,000 after buying an additional 3,611 shares during the period. Finally, Emerald Advisers LLC lifted its holdings in Unity Software by 108.1% during the 3rd quarter. Emerald Advisers LLC now owns 20,554 shares of the company’s stock valued at $465,000 after buying an additional 10,679 shares in the last quarter. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Unity Software Trading Down 0.5 %

NYSE:U opened at $19.12 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.36 and a current ratio of 2.41. Unity Software Inc. has a one year low of $13.90 and a one year high of $43.54. The business’s 50-day simple moving average is $20.54 and its 200 day simple moving average is $18.86. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of -9.37 and a beta of 2.29.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on U. Macquarie lifted their price objective on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a report on Friday, November 8th. The Goldman Sachs Group cut their price target on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating on the stock in a report on Friday, August 9th. Wells Fargo & Company started coverage on shares of Unity Software in a research note on Monday, October 28th. They issued an “equal weight” rating and a $20.00 target price for the company. Piper Sandler restated a “neutral” rating and issued a $17.00 price target (down previously from $25.00) on shares of Unity Software in a research note on Friday, August 9th. Finally, Benchmark raised their price objective on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Unity Software has a consensus rating of “Hold” and an average price target of $23.35.

Insider Activity

In other news, SVP Felix The sold 30,000 shares of Unity Software stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the completion of the transaction, the senior vice president now owns 423,679 shares in the company, valued at approximately $7,579,617.31. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director David Helgason sold 250,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the sale, the director now directly owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Felix The sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total value of $536,700.00. Following the transaction, the senior vice president now owns 423,679 shares of the company’s stock, valued at $7,579,617.31. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 281,600 shares of company stock worth $5,714,000. 6.30% of the stock is currently owned by corporate insiders.

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.