Renaissance Technologies LLC Takes Position in Unity Software Inc. $U

Renaissance Technologies LLC purchased a new stake in Unity Software Inc. (NYSE:U) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,485,597 shares of the company’s stock, valued at approximately $54,534,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in U. REAP Financial Group LLC bought a new stake in Unity Software during the fourth quarter worth approximately $28,000. Larson Financial Group LLC lifted its stake 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 valued at $29,000 after purchasing an additional 341 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Unity Software in the 4th quarter worth approximately $30,000. IFP Advisors Inc purchased a new position in shares of Unity Software in the 3rd quarter worth approximately $33,000. Finally, International Assets Investment Management LLC bought a new position in shares of Unity Software during the 4th quarter valued at approximately $36,000. 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 Rebecca Berenice Boyden sold 952 shares of the stock in a transaction dated Tuesday, May 26th. The shares were 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. This represents a 0.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matthew S. Bromberg sold 138,993 shares of the 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 $3,777,829.74. Following the transaction, the chief executive officer owned 1,557,514 shares in the company, valued at approximately $42,333,230.52. This represents a 8.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 198,321 shares of company stock worth $5,390,783. Insiders own 0.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on U. Weiss Ratings restated a “sell (e+)” rating on shares of Unity Software in a report on Friday, July 17th. BTIG Research lifted their price objective on shares of Unity Software from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Zacks Research upgraded shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. UBS Group increased their target price on shares of Unity Software from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, Citigroup lowered their target price on shares of Unity Software from $43.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Unity Software currently has a consensus rating of “Moderate Buy” and an average target price of $37.99.

Unity Software Trading Up 0.1%

Shares of U opened at $28.64 on Monday. The firm has a market capitalization of $12.50 billion, a price-to-earnings ratio of -18.24, a PEG ratio of 3.39 and a beta of 2.05. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.95. Unity Software Inc. has a 1-year low of $16.78 and a 1-year high of $52.15. The company has a 50-day moving average of $28.61 and a 200 day moving average of $27.25.

Key Headlines Impacting Unity Software

Here are the key news stories impacting Unity Software this week:

• Positive Sentiment: Several reports highlighted Unity as one of the software names positioned to benefit from expanding AI adoption, with potential upside from stronger platform usage, enterprise demand, and new monetization opportunities. The Zacks Analyst Blog Highlights Arista Networks, Unity Software, HubSpot and Samsara
• Positive Sentiment: Another industry outlook piece said Unity and peers are benefiting from AI-infused software demand and cybersecurity-related tailwinds, which supports the bullish case for the stock. 3 Internet Software Stocks to Buy From a Challenging Industry
• Positive Sentiment: Wall Street price-target commentary suggested roughly 27% upside for Unity, with analysts’ earnings estimate increases reinforcing expectations for better performance ahead. Wall Street Analysts See a 27.16% Upside in Unity Software (U): Can the Stock Really Move This High?
• Neutral Sentiment: Additional coverage repeated the same AI-adoption theme, saying Unity is among software names likely to benefit as companies expand intelligent software and cloud capabilities. 4 Software Stocks Poised to Benefit From Expanding AI Adoption
• Negative Sentiment: Recent trading had shown Unity moving lower, reflecting some near-term pressure despite the more constructive analyst and industry backdrop. Unity Software Inc. (U) Registers a Bigger Fall Than the Market: Important Facts to Note

Unity Software 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.