Unity Software Inc. $U Shares Acquired by Boothbay Fund Management LLC

Boothbay Fund Management LLC grew its position in Unity Software Inc. (NYSE:U) by 60.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 210,580 shares of the company’s stock after purchasing an additional 79,198 shares during the quarter. Boothbay Fund Management LLC’s holdings in Unity Software were worth $9,301,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. REAP Financial Group LLC acquired a new stake in shares of Unity Software in the 4th quarter valued at $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Unity Software in the 4th quarter valued at $30,000. Larson Financial Group LLC raised 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 valued at $29,000 after purchasing an additional 341 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Unity Software in the 4th quarter valued at $36,000. Finally, IFP Advisors Inc acquired a new stake in Unity Software during the 3rd quarter worth $33,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Unity Software

In other Unity Software news, CEO Matthew S. Bromberg sold 138,993 shares of the firm’s 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 approximately $42,333,230.52. This trade represents a 8.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total transaction of $360,053.46. Following the transaction, the chief accounting officer directly owned 370,654 shares in the company, valued at $10,074,375.72. The trade was a 3.45% 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 worth $5,390,783 in the last three months. Company insiders own 0.77% of the company’s stock.

Unity Software Trading Down 5.6%

Shares of Unity Software stock opened at $26.48 on Thursday. Unity Software Inc. has a 1 year low of $16.78 and a 1 year high of $52.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market capitalization of $11.56 billion, a P/E ratio of -16.87, a PEG ratio of 3.59 and a beta of 2.06. The company’s fifty day moving average is $26.64 and its two-hundred day moving average is $30.36.

Wall Street Analysts Forecast Growth

U has been the topic of several research analyst reports. Wall Street Zen lowered shares of Unity Software from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. BTIG Research lifted their price target 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. UBS Group lifted their price target on shares of Unity Software from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Barclays lifted their price target on shares of Unity Software from $28.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Finally, Bank of America lifted their price target on shares of Unity Software from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.71.

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.