Tidal Investments LLC Raises Holdings in Unity Software Inc. (NYSE:U)

Tidal Investments LLC increased its position in shares of Unity Software Inc. (NYSE:U) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,410 shares of the company’s stock after buying an additional 723 shares during the period. Tidal Investments LLC’s holdings in Unity Software were worth $349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Unity Software by 9.7% during the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock worth $106,008,000 after buying an additional 413,474 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Unity Software by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock worth $37,806,000 after buying an additional 200,008 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Unity Software by 35.0% during the 2nd quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company’s stock worth $31,805,000 after purchasing an additional 507,274 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Unity Software by 100.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock worth $42,662,000 after buying an additional 944,709 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Unity Software by 40.6% in the second quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company’s stock valued at $23,929,000 after purchasing an additional 424,806 shares during the period. 73.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

U has been the subject of a number of recent analyst reports. Oppenheimer reissued a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a report on Friday, September 13th. Wedbush boosted their price target on shares of Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Benchmark increased their price objective on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a report on Friday, November 8th. Finally, Stifel Nicolaus lifted their price target on shares of Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Unity Software presently has a consensus rating of “Hold” and an average price target of $22.21.

Insider Activity

In other Unity Software news, Director David Helgason sold 7,860 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $26.45, for a total transaction of $207,897.00. Following the transaction, the director now owns 10,493 shares in the company, valued at $277,539.85. This trade represents a 42.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark Barrysmith sold 1,228 shares of Unity Software stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $24.44, for a total value of $30,012.32. Following the completion of the transaction, the chief financial officer now owns 453,638 shares in the company, valued at $11,086,912.72. The trade was a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 512,669 shares of company stock worth $11,225,869. Insiders own 6.30% of the company’s stock.

Unity Software Price Performance

NYSE U opened at $22.80 on Wednesday. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $43.54. The firm has a market capitalization of $9.18 billion, a PE ratio of -11.18 and a beta of 2.33. The company’s 50 day simple moving average is $22.38 and its 200 day simple moving average is $19.26. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

Unity Software Company Profile

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.