Brooklyn Investment Group Takes $43,000 Position in Unity Software Inc. (NYSE:U)

Brooklyn Investment Group acquired a new stake in shares of Unity Software Inc. (NYSE:U) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,898 shares of the company’s stock, valued at approximately $43,000.

Several other institutional investors have also recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its holdings in shares of Unity Software by 4.0% during the third quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company’s stock valued at $315,000 after purchasing an additional 538 shares during the period. Advisors Asset Management Inc. grew its position in Unity Software by 31.6% in the 1st quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock worth $62,000 after purchasing an additional 562 shares in the last quarter. Venturi Wealth Management LLC grew its position in Unity Software by 28.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock worth $89,000 after purchasing an additional 876 shares in the last quarter. GAMMA Investing LLC grew its position in 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 purchasing an additional 949 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in Unity Software by 8.2% in the 2nd quarter. Intech Investment Management LLC now owns 13,270 shares of the company’s stock worth $216,000 after purchasing an additional 1,010 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Wall Street Analyst Weigh In

U has been the subject of a number of recent analyst reports. Wedbush upped their price objective on shares of Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Barclays increased their target price on shares of Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. UBS Group increased their target price on shares of Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. The Goldman Sachs Group reduced their target price on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Piper Sandler reissued a “neutral” rating and set a $17.00 target price (down from $25.00) on shares of Unity Software in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Unity Software presently has an average rating of “Hold” and a consensus target price of $23.35.

Insiders Place Their Bets

In other Unity Software news, CFO Mark Barrysmith sold 8,112 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $24.38, for a total value of $197,770.56. Following the sale, the chief financial officer now directly owns 454,866 shares in the company, valued at $11,089,633.08. This represents a 1.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Felix The sold 30,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was 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 in the company, valued at $7,579,617.31. This represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 554,381 shares of company stock worth $10,631,723 in the last three months. 6.30% of the stock is currently owned by corporate insiders.

Unity Software Stock Performance

Shares of U stock opened at $24.12 on Friday. The stock has a market capitalization of $9.72 billion, a P/E ratio of -11.82 and a beta of 2.29. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm’s 50 day moving average is $21.31 and its 200 day moving average is $18.68. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $43.54.

Unity Software Company 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.