Curated Wealth Partners LLC Acquires 13,161 Shares of Unity Software Inc. $U

Curated Wealth Partners LLC acquired a new stake in shares of Unity Software Inc. (NYSE:U) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 13,161 shares of the company’s stock, valued at approximately $539,000.

Other institutional investors also recently modified their holdings of the company. Atreides Management LP acquired a new position in Unity Software during the 2nd quarter worth approximately $292,826,000. Resolute Advisors LLC lifted its position in shares of Unity Software by 473.3% in the second quarter. Resolute Advisors LLC now owns 4,766,219 shares of the company’s stock valued at $136,219,000 after buying an additional 3,934,840 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Unity Software in the first quarter valued at $54,534,000. Avala Global LP bought a new position in Unity Software in the 2nd quarter valued at about $62,522,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Unity Software by 52.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,245,014 shares of the company’s stock worth $93,089,000 after purchasing an additional 1,465,962 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors.

Unity Software Stock Performance

NYSE U opened at $40.31 on Friday. The company has a 50-day simple moving average of $43.58 and a two-hundred day simple moving average of $33.41. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.55. Unity Software Inc. has a 12-month low of $16.78 and a 12-month high of $52.15. The firm has a market cap of $17.74 billion, a price-to-earnings ratio of -29.64, a PEG ratio of 1.90 and a beta of 2.11.

Unity Software (NYSE:U) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.39. The business had revenue of $546.47 million during the quarter, compared to analysts’ expectations of $514.72 million. Unity Software had a negative net margin of 28.97% and a positive return on equity of 4.64%. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.18 EPS. On average, equities analysts forecast that Unity Software Inc. will post 0.55 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on U. BTIG Research increased their target price on Unity Software from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Unity Software from a “hold” rating to a “buy” rating and boosted their target price for the company from $31.00 to $50.00 in a report on Friday, August 7th. Citigroup raised their target price on Unity Software from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Zacks Research cut Unity Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, Morgan Stanley upped their price objective on Unity Software from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Unity Software has an average rating of “Moderate Buy” and a consensus target price of $48.01.

Insider Transactions at Unity Software

In related news, CEO Matthew S. Bromberg sold 16,383 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $45.31, for a total transaction of $742,313.73. Following the sale, the chief executive officer owned 1,541,131 shares of the company’s stock, valued at $69,828,645.61. The trade was a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Alexander Blum sold 43,556 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $43.51, for a total value of $1,895,121.56. Following the completion of the sale, the chief operating officer owned 661,855 shares in the company, valued at $28,797,311.05. The trade was a 6.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 109,547 shares of company stock worth $4,884,202 over the last quarter. Insiders own 0.77% of the company’s stock.

About Unity Software

Unity Software Inc develops software and services for creating, operating and monetizing interactive, real-time 2D and 3D content. Its platform is widely used to build video games for mobile devices, personal computers, consoles and the web, as well as applications for industries such as automotive, architecture, engineering, construction, manufacturing and entertainment.

The company’s core offering is the Unity development platform, which includes tools for graphics, physics, animation, audio, scripting and cross-platform deployment.