84,000 Shares in Unity Software Inc. $U Bought by Nano Cap New Millennium Growth Fund L P

Nano Cap New Millennium Growth Fund L P purchased a new stake in Unity Software Inc. (NYSE:U) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 84,000 shares of the company’s stock, valued at approximately $3,710,000. Unity Software makes up about 3.2% of Nano Cap New Millennium Growth Fund L P’s holdings, making the stock its biggest position.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Unity Software by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 35,553,296 shares of the company’s stock valued at $1,570,389,000 after buying an additional 996,685 shares in the last quarter. Wellington Management Group LLP boosted its position in Unity Software by 58.7% during the third quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company’s stock valued at $729,284,000 after purchasing an additional 6,734,285 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Unity Software by 37.8% in the second quarter. Ameriprise Financial Inc. now owns 4,628,328 shares of the company’s stock valued at $112,006,000 after purchasing an additional 1,270,798 shares in the last quarter. Invesco Ltd. increased its position in shares of Unity Software by 9.0% during the 3rd quarter. Invesco Ltd. now owns 4,360,992 shares of the company’s stock worth $174,614,000 after purchasing an additional 360,219 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Unity Software by 9.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,905,820 shares of the company’s stock worth $128,350,000 after purchasing an additional 252,648 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Insider Transactions at Unity Software

In other news, CFO Jarrod Yahes sold 12,196 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $18.07, for a total transaction of $220,381.72. Following the transaction, the chief financial officer owned 533,933 shares in the company, valued at approximately $9,648,169.31. This trade represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark Barrysmith sold 10,578 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $18.07, for a total value of $191,144.46. Following the transaction, the chief accounting officer owned 383,901 shares in the company, valued at approximately $6,937,091.07. This trade represents a 2.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 41,684 shares of company stock worth $773,350. Company insiders own 0.77% of the company’s stock.

Unity Software Stock Down 2.6%

U stock opened at $25.55 on Friday. The firm has a market capitalization of $11.16 billion, a PE ratio of -16.28, a PEG ratio of 8.20 and a beta of 2.04. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.56. Unity Software Inc. has a 1-year low of $16.78 and a 1-year high of $52.15. The business’s 50 day simple moving average is $23.46 and its 200 day simple moving average is $31.87.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on U shares. The Goldman Sachs Group dropped their price objective on Unity Software from $47.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Bank of America upped their price objective on Unity Software from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, March 27th. Benchmark reiterated a “hold” rating on shares of Unity Software in a research note on Monday, February 2nd. Wells Fargo & Company upped their price objective on Unity Software from $29.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, BTIG Research upped their price objective on Unity Software from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. One research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.77.

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.