Fieldview Capital Management LLC Purchases Shares of 34,930 Unity Software Inc. $U

Fieldview Capital Management LLC purchased a new stake in Unity Software Inc. (NYSE:U) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,930 shares of the company’s stock, valued at approximately $1,543,000.

Other institutional investors also recently modified their holdings of the company. REAP Financial Group LLC bought a new position in shares of Unity Software in the fourth quarter valued at $28,000. V Square Quantitative Management LLC bought a new position in shares of Unity Software in the fourth quarter valued at $30,000. Larson Financial Group LLC increased its holdings in shares of Unity Software by 88.1% in the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after buying an additional 341 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Unity Software in the fourth quarter valued at $36,000. Finally, IFP Advisors Inc bought a new position in shares of Unity Software in the third quarter valued at $33,000. Institutional investors own 73.46% of the company’s stock.

Unity Software Trading Up 0.2%

NYSE U opened at $27.30 on Monday. Unity Software Inc. has a 1-year low of $16.78 and a 1-year high of $52.15. 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 company has a market capitalization of $11.92 billion, a PE ratio of -17.39, a price-to-earnings-growth ratio of 3.48 and a beta of 2.06. The firm’s fifty day simple moving average is $26.33 and its 200-day simple moving average is $30.67.

Wall Street Analyst Weigh In

U has been the topic of several recent analyst reports. Citizens Jmp reissued a “market outperform” rating and set a $37.00 target price on shares of Unity Software in a research note on Friday, March 27th. Citigroup reduced their target price on Unity Software from $43.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, April 30th. BTIG Research increased their target price on Unity Software from $39.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Piper Sandler initiated coverage on Unity Software in a report on Tuesday, June 2nd. They issued an “overweight” rating and a $40.00 target price for the company. Finally, Wedbush increased their target price on Unity Software from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.71.

Insiders Place Their Bets

In other Unity Software news, CEO Matthew S. Bromberg sold 138,993 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total transaction of $3,777,829.74. Following the transaction, the chief executive officer directly owned 1,557,514 shares of the company’s stock, valued at $42,333,230.52. This represents a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Rebecca Berenice Boyden sold 952 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $27.20, for a total transaction of $25,894.40. Following the transaction, the senior vice president directly owned 309,445 shares in the company, valued at $8,416,904. The trade was a 0.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 198,321 shares of company stock valued at $5,390,783 in the last three months. Company insiders own 0.77% of the company’s stock.

Unity Software Company Profile

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.