94,623 Shares in Unity Software Inc. $U Bought by Silvant Capital Management LLC

Silvant Capital Management LLC bought a new stake in Unity Software Inc. (NYSE:U) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 94,623 shares of the company’s stock, valued at approximately $2,704,000.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Unity Software by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 35,553,296 shares of the company’s stock worth $1,570,389,000 after acquiring an additional 996,685 shares in the last quarter. Wellington Management Group LLP grew its stake 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 worth $729,284,000 after purchasing an additional 6,734,285 shares during the period. Geode Capital Management LLC grew its stake in Unity Software by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 5,852,047 shares of the company’s stock worth $258,547,000 after purchasing an additional 328,595 shares during the period. Norges Bank bought a new position in shares of Unity Software during the 4th quarter worth approximately $230,285,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Unity Software by 37.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,628,328 shares of the company’s stock valued at $112,006,000 after acquiring an additional 1,270,798 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

Insider Buying and Selling at Unity Software

In related news, COO Alexander Blum sold 19,009 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total value of $516,664.62. Following the transaction, the chief operating officer owned 730,069 shares of the company’s stock, valued at $19,843,275.42. This represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $3,777,829.74. Following the transaction, the chief executive officer owned 1,557,514 shares in the company, valued at $42,333,230.52. This trade represents a 8.19% decrease in their ownership of the stock. 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 sold 198,321 shares of company stock valued at $5,390,783 over the last 90 days. Insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on U shares. Raymond James Financial initiated coverage on Unity Software in a research note on Monday, June 29th. They issued a “market perform” rating for the company. BTIG Research raised their price objective on Unity Software from $43.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Benchmark raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Friday, August 7th. Needham & Company LLC lifted their price objective on shares of Unity Software from $40.00 to $54.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Weiss Ratings raised Unity Software from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.16.

Unity Software Price Performance

NYSE U opened at $46.45 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.55. The company has a market cap of $20.44 billion, a PE ratio of -34.15, a price-to-earnings-growth ratio of 2.06 and a beta of 2.04. Unity Software Inc. has a 52 week low of $16.78 and a 52 week high of $52.15. The firm’s 50-day simple moving average is $33.09 and its two-hundred day simple moving average is $26.93.

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

About Unity Software

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.