Blue Jean Financial LLC Invests $1.66 Million in Unity Software Inc. $U

Blue Jean Financial LLC bought a new position in Unity Software Inc. (NYSE:U) during the 4th quarter, HoldingsChannel reports. The fund bought 37,461 shares of the company’s stock, valued at approximately $1,655,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Unity Software by 2.8% in the third quarter. Vanguard Group Inc. now owns 34,556,611 shares of the company’s stock worth $1,383,647,000 after buying an additional 930,293 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Unity Software by 46.5% in the third quarter. Principal Financial Group Inc. now owns 211,686 shares of the company’s stock worth $8,476,000 after buying an additional 67,219 shares in the last quarter. ARK Investment Management LLC lifted its stake in shares of Unity Software by 10.8% in the third quarter. ARK Investment Management LLC now owns 976,973 shares of the company’s stock worth $39,118,000 after buying an additional 95,341 shares in the last quarter. Cinctive Capital Management LP bought a new position in shares of Unity Software in the third quarter worth approximately $4,727,000. Finally, WINTON GROUP Ltd bought a new position in shares of Unity Software in the third quarter worth approximately $11,918,000. Institutional investors own 73.46% of the company’s stock.

Unity Software Price Performance

U stock opened at $27.30 on Friday. Unity Software Inc. has a 12 month low of $16.78 and a 12 month high of $52.15. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average price of $26.33 and a 200 day moving average price of $30.75. The stock has a market cap of $11.92 billion, a PE ratio of -17.39, a P/E/G ratio of 3.48 and a beta of 2.06.

Insider Activity at Unity Software

In other news, CAO Mark Barrysmith sold 13,247 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $360,053.46. Following the completion of the sale, the chief accounting officer owned 370,654 shares in the company, valued at approximately $10,074,375.72. The trade was a 3.45% decrease in their position. The transaction was disclosed in a document filed 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, COO Alexander Blum sold 2,099 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $27.37, for a total transaction of $57,449.63. Following the completion of the sale, the chief operating officer owned 727,970 shares of the company’s stock, valued at approximately $19,924,538.90. This represents a 0.29% 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. Insiders have sold a total of 198,321 shares of company stock worth $5,390,783 over the last ninety days. 0.77% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on U. Wedbush upped their target price on shares of Unity Software from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Barclays increased 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 report on Friday, May 8th. UBS Group raised their price objective on shares of Unity Software from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Bank of America raised their price objective on shares of Unity Software from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, March 27th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $37.00 target price on shares of Unity Software in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.71.

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.