Clear Street Group Inc. Has $2.72 Million Holdings in Unity Software Inc. $U

Clear Street Group Inc. grew its stake in Unity Software Inc. (NYSE:U) by 50.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,538 shares of the company’s stock after buying an additional 20,533 shares during the quarter. Clear Street Group Inc.’s holdings in Unity Software were worth $2,718,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. raised its holdings in shares of Unity Software by 12.9% in the third quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company’s stock valued at $108,000 after purchasing an additional 308 shares during the last quarter. Xponance Inc. boosted its holdings in Unity Software by 1.8% during the third quarter. Xponance Inc. now owns 18,291 shares of the company’s stock worth $732,000 after purchasing an additional 328 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Unity Software by 88.1% during the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after purchasing an additional 341 shares during the last quarter. Swiss Life Asset Management Ltd boosted its holdings in Unity Software by 3.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 14,861 shares of the company’s stock worth $656,000 after purchasing an additional 449 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in Unity Software by 2.1% during the second quarter. Captrust Financial Advisors now owns 22,330 shares of the company’s stock worth $540,000 after purchasing an additional 462 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on U. UBS Group increased their target price on shares of Unity Software from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Barclays increased their target price on shares of Unity Software from $28.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Piper Sandler began coverage on shares of Unity Software in a report on Tuesday, June 2nd. They set an “overweight” rating and a $40.00 target price for the company. Needham & Company LLC increased their target price on shares of Unity Software from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, BTIG Research increased their target price on shares of Unity Software from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Unity Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.71.

Insider Transactions at Unity Software

In other Unity Software news, CAO Mark Barrysmith sold 13,247 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 value of $360,053.46. Following the completion of the sale, the chief accounting officer owned 370,654 shares in the company, valued at $10,074,375.72. This trade represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 shares were sold at an average price of $27.20, for a total transaction of $25,894.40. Following the completion of the sale, the senior vice president owned 309,445 shares of the company’s stock, valued at approximately $8,416,904. This represents a 0.31% decrease in their position. 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. Over the last quarter, insiders have sold 198,321 shares of company stock valued at $5,390,783. 0.77% of the stock is owned by company insiders.

Unity Software Stock Performance

Shares of U stock opened at $27.30 on Monday. The stock has a market cap of $11.92 billion, a P/E ratio of -17.39, a P/E/G ratio of 3.48 and a beta of 2.06. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.95. The company has a fifty day moving average price of $26.33 and a two-hundred day moving average price of $30.67. Unity Software Inc. has a one year low of $16.78 and a one year high of $52.15.

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.