Bleakley Financial Group LLC Makes New $871,000 Investment in Unity Software Inc. $U

Bleakley Financial Group LLC bought a new stake in shares of Unity Software Inc. (NYSE:U) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 39,680 shares of the company’s stock, valued at approximately $871,000.

A number of other institutional investors and hedge funds have also modified their holdings of U. Newbridge Financial Services Group Inc. increased its holdings in shares of Unity Software by 12.9% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company’s stock worth $108,000 after purchasing an additional 308 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Unity Software by 88.1% in the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after acquiring an additional 341 shares in the last quarter. Swiss Life Asset Management Ltd boosted its holdings in shares of Unity Software by 3.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 14,861 shares of the company’s stock worth $656,000 after acquiring an additional 449 shares in the last quarter. Captrust Financial Advisors grew its position in Unity Software by 2.1% during the 2nd quarter. Captrust Financial Advisors now owns 22,330 shares of the company’s stock worth $540,000 after acquiring an additional 462 shares during the last quarter. Finally, Ritholtz Wealth Management grew its position in Unity Software by 8.9% during the 4th quarter. Ritholtz Wealth Management now owns 5,732 shares of the company’s stock worth $253,000 after acquiring an additional 468 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Unity Software Price Performance

Shares of NYSE:U opened at $29.02 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.56. The stock’s fifty day simple moving average is $28.38 and its two-hundred day simple moving average is $27.91. Unity Software Inc. has a 1-year low of $16.78 and a 1-year high of $52.15. The stock has a market cap of $12.67 billion, a PE ratio of -18.49, a price-to-earnings-growth ratio of 3.66 and a beta of 2.05.

Analysts Set New Price Targets

U has been the topic of several recent research reports. Barclays raised their price target on Unity Software from $28.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Bank of America boosted their price objective on shares of Unity Software from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, March 27th. Piper Sandler began coverage on shares of Unity Software in a research report on Tuesday, June 2nd. They set an “overweight” rating and a $40.00 price target on the stock. Zacks Research raised Unity Software from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Finally, Needham & Company LLC increased their price target on Unity Software from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.77.

Insider Buying and Selling

In other Unity Software news, COO Alexander Blum sold 19,009 shares of Unity Software stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total transaction of $516,664.62. Following the completion of the sale, the chief operating officer directly owned 730,069 shares in the company, valued at $19,843,275.42. The trade was a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Mark Barrysmith sold 13,247 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $360,053.46. Following the sale, the chief accounting officer owned 370,654 shares in the company, valued at $10,074,375.72. The trade was a 3.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 198,321 shares of company stock worth $5,390,783 in the last ninety days. Corporate insiders own 0.77% of the company’s stock.

About Unity Software

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.