State of Wyoming Purchases 18,115 Shares of Unity Software Inc. $U

State of Wyoming grew its position in shares of Unity Software Inc. (NYSE:U) by 80.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,702 shares of the company’s stock after acquiring an additional 18,115 shares during the quarter. State of Wyoming’s holdings in Unity Software were worth $893,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Newbridge Financial Services Group Inc. raised its holdings in shares of Unity Software by 12.9% in the third quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company’s stock valued at $108,000 after purchasing an additional 308 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Unity Software by 88.1% in the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after purchasing an additional 341 shares in the last quarter. Swiss Life Asset Management Ltd boosted its holdings in Unity Software by 3.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 14,861 shares of the company’s stock worth $656,000 after purchasing an additional 449 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Unity Software by 2.1% during the second quarter. Captrust Financial Advisors now owns 22,330 shares of the company’s stock worth $540,000 after purchasing an additional 462 shares during the last quarter. Finally, Ritholtz Wealth Management grew its position in Unity Software by 8.9% in the fourth quarter. Ritholtz Wealth Management now owns 5,732 shares of the company’s stock valued at $253,000 after purchasing an additional 468 shares in the last quarter. 73.46% of the stock is owned by institutional investors.

Unity Software Price Performance

NYSE:U opened at $29.36 on Thursday. Unity Software Inc. has a 1-year low of $16.78 and a 1-year 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 firm has a fifty day simple moving average of $28.55 and a 200 day simple moving average of $27.48. The stock has a market capitalization of $12.82 billion, a PE ratio of -18.70, a P/E/G ratio of 3.62 and a beta of 2.05.

Unity Software News Summary

Here are the key news stories impacting Unity Software this week:

• Positive Sentiment: Wedbush raised its price target on Unity to $36 from $32 and reiterated an Outperform rating, signaling confidence in the company’s turnaround and the potential upside as it works through a major business transition. Wedbush raises Unity price target
• Positive Sentiment: Multiple reports highlighted Unity as a software name that could beat earnings estimates, with AI, cloud adoption and recurring revenue trends seen as supportive for Q2 results. 4 Internet Stocks Poised to Top Estimates This Earnings Season
• Positive Sentiment: Unity’s new Unity 7 roadmap and beta timeline are drawing attention as a potentially meaningful product refresh, with the platform aimed at improving collaboration across game development and incorporating AI-enabled workflows. Unity 7 Roadmap Revealed At Unite Seoul
• Neutral Sentiment: Brokerage-related articles noted that Unity’s average analyst recommendation is near a Buy, but also cautioned that Wall Street ratings can be overly optimistic and are not always a reliable timing signal. Unity Software (U) Is Considered a Good Investment by Brokers: Is That True?
• Negative Sentiment: Despite the upbeat analyst coverage, Unity’s latest trading session still showed weakness, with the stock falling while investors await confirmation that product changes and earnings momentum can translate into better financial performance. Unity Software Inc. (U) Registers a Bigger Fall Than the Market: Important Facts to Note

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Piper Sandler assumed coverage on shares of Unity Software in a research note on Tuesday, June 2nd. They issued an “overweight” rating and a $40.00 price target on the stock. Wedbush increased their price objective on shares of Unity Software from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday. Bank of America raised their price objective on Unity Software from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, March 27th. Citigroup lowered their target price on Unity Software from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $37.00 target price on shares of Unity Software in a report on Friday, March 27th. Two equities research analysts have 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.99.

Insider Activity

In other Unity Software news, CFO Jarrod Yahes sold 24,021 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $652,890.78. Following the completion of the sale, the chief financial officer owned 704,360 shares in the company, valued at $19,144,504.80. This trade represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Rebecca Berenice Boyden sold 952 shares of Unity Software stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.20, for a total transaction of $25,894.40. Following the completion of the transaction, the senior vice president directly owned 309,445 shares of the company’s stock, valued at approximately $8,416,904. This trade represents a 0.31% 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. In the last three months, insiders sold 198,321 shares of company stock valued at $5,390,783. 0.77% of the stock is owned by corporate insiders.

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.