Monolith Management Ltd Makes New Investment in Unity Software Inc. (NYSE:U)

Monolith Management Ltd acquired a new stake in Unity Software Inc. (NYSE:U) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 486,000 shares of the company’s stock, valued at approximately $10,993,000. Unity Software comprises about 6.4% of Monolith Management Ltd’s holdings, making the stock its 8th largest position. Monolith Management Ltd owned 0.12% of Unity Software at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of Unity Software by 343.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after buying an additional 949 shares during the period. Planning Capital Management Corp bought a new stake in shares of Unity Software during the third quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after purchasing an additional 1,389 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Unity Software by 31.6% during the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock worth $62,000 after purchasing an additional 562 shares during the period. Finally, Blue Trust Inc. boosted its stake in Unity Software by 308.8% in the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after purchasing an additional 2,359 shares during the period. 73.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Unity Software

In other news, Director David Helgason sold 250,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the completion of the transaction, the director now directly owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. This represents a 2.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Shlomo Dovrat sold 3,750 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $17.99, for a total value of $67,462.50. Following the sale, the director now owns 2,394,935 shares in the company, valued at $43,084,880.65. This represents a 0.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 534,550 shares of company stock worth $10,148,127 over the last 90 days. Insiders own 6.30% of the company’s stock.

Unity Software Trading Up 4.8 %

Unity Software stock opened at $23.53 on Monday. 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 Inc. has a 52 week low of $13.90 and a 52 week high of $43.54. The stock has a fifty day moving average of $20.98 and a 200-day moving average of $18.60.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on U shares. Morgan Stanley raised Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 target price for the company in a report on Tuesday, September 3rd. Needham & Company LLC lifted their price objective on shares of Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Unity Software in a research report on Friday, September 13th. Oppenheimer reaffirmed a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Finally, Wedbush boosted their price target on Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $23.35.

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.