Unity Software Inc. $U Position Lifted by Beaconlight Capital LLC

Beaconlight Capital LLC grew its holdings in shares of Unity Software Inc. (NYSE:U) by 102.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,309 shares of the company’s stock after acquiring an additional 174,788 shares during the period. Unity Software comprises approximately 4.0% of Beaconlight Capital LLC’s holdings, making the stock its 7th largest position. Beaconlight Capital LLC’s holdings in Unity Software were worth $7,576,000 as of its most recent SEC filing.

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

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

Insider Buying and Selling

In other news, CEO Matthew S. Bromberg sold 138,993 shares of Unity Software stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total value of $3,777,829.74. Following the transaction, the chief executive officer directly owned 1,557,514 shares in the company, valued at approximately $42,333,230.52. This trade represents a 8.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 Unity Software stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.20, for a total value of $25,894.40. Following the completion of the transaction, the senior vice president owned 309,445 shares in the company, valued at $8,416,904. This represents a 0.31% decrease in their ownership of the stock. 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 have sold a total of 198,321 shares of company stock valued at $5,390,783 over the last ninety days. Company insiders own 0.77% of the company’s stock.

Unity Software Trading Down 1.1%

NYSE:U opened at $28.64 on Friday. The firm has a 50-day simple moving average of $28.61 and a 200-day simple moving average of $27.38. Unity Software Inc. has a one year low of $16.78 and a one year high of $52.15. The firm has a market cap of $12.50 billion, a P/E ratio of -18.24, a P/E/G ratio of 3.42 and a beta of 2.05. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.95 and a current ratio of 1.95.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on U shares. Morgan Stanley increased their price target on Unity Software from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, March 27th. Citizens Jmp reissued a “market outperform” rating and issued a $37.00 price target on shares of Unity Software in a report on Friday, March 27th. Wall Street Zen downgraded Unity Software from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Bank of America increased their price objective on shares of Unity Software from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, March 27th. Finally, Piper Sandler initiated coverage on shares of Unity Software in a research report on Tuesday, June 2nd. They set an “overweight” rating and a $40.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.99.

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.