Unity Software Inc. $U Shares Sold by Arvin Capital Management LP

Arvin Capital Management LP decreased its holdings in Unity Software Inc. (NYSE:U) by 53.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 108,588 shares of the company’s stock after selling 126,070 shares during the quarter. Unity Software accounts for about 0.9% of Arvin Capital Management LP’s investment portfolio, making the stock its 25th largest position. Arvin Capital Management LP’s holdings in Unity Software were worth $4,796,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in U. REAP Financial Group LLC acquired a new position in Unity Software in the fourth quarter worth approximately $28,000. Larson Financial Group LLC grew its position in 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 buying an additional 341 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Unity Software in the fourth quarter worth approximately $30,000. IFP Advisors Inc acquired a new position in Unity Software in the third quarter worth approximately $33,000. Finally, International Assets Investment Management LLC acquired a new position in Unity Software in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on U. Wells Fargo & Company lifted their price target on shares of Unity Software from $29.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Citigroup lowered their price objective on shares of Unity Software from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Piper Sandler started 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. Needham & Company LLC lifted their price objective on shares of Unity Software from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Barclays lifted their price objective on shares of Unity Software from $28.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Unity Software presently has an average rating of “Moderate Buy” and an average target price of $37.71.

Insider Activity at Unity Software

In other Unity Software news, CAO Mark Barrysmith sold 13,247 shares of Unity Software stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total transaction of $360,053.46. Following the completion of the sale, the chief accounting officer owned 370,654 shares of the company’s stock, valued at $10,074,375.72. This trade represents a 3.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 Unity Software 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 sale, the chief executive officer directly owned 1,557,514 shares of the company’s stock, valued at $42,333,230.52. This trade represents a 8.19% decrease in their position. 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. Over the last ninety days, insiders have sold 198,321 shares of company stock worth $5,390,783. 0.77% of the stock is currently owned by company insiders.

Unity Software Trading Up 2.2%

NYSE U opened at $27.30 on Friday. Unity Software Inc. has a twelve month low of $16.78 and a twelve month 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 stock has a market cap of $11.92 billion, a price-to-earnings ratio of -17.39, a PEG ratio of 3.48 and a beta of 2.06. The firm’s 50 day moving average price is $26.33 and its two-hundred day moving average price is $30.75.

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.