Oddo BHF Asset Management Sas Boosts Holdings in Unity Software Inc. $U

Oddo BHF Asset Management Sas lifted its stake in Unity Software Inc. (NYSE:U) by 76.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 172,611 shares of the company’s stock after buying an additional 75,001 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Unity Software were worth $7,624,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. REAP Financial Group LLC purchased a new position in shares of Unity Software in the 4th quarter worth about $28,000. V Square Quantitative Management LLC purchased a new position in shares of Unity Software in the 4th quarter worth about $30,000. Larson Financial Group LLC raised its position in shares of Unity Software by 88.1% in the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after purchasing an additional 341 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Unity Software in the 4th quarter worth about $36,000. Finally, IFP Advisors Inc purchased a new position in shares of Unity Software in the 3rd quarter worth about $33,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Insider Buying and Selling at Unity Software

In other Unity Software news, CAO Mark Barrysmith sold 13,247 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total transaction of $360,053.46. Following the completion of the sale, the chief accounting officer directly owned 370,654 shares in the company, valued at $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 is available through this hyperlink. 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 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 $3,777,829.74. Following the sale, the chief executive officer owned 1,557,514 shares of the company’s stock, valued at approximately $42,333,230.52. This represents a 8.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 198,321 shares of company stock worth $5,390,783. 0.77% of the stock is owned by corporate insiders.

Unity Software Trading Up 4.4%

Unity Software stock opened at $28.44 on Tuesday. The business has a 50-day simple moving average of $26.44 and a two-hundred day simple moving average of $30.57. The company has a market cap of $12.42 billion, a P/E ratio of -18.12, a P/E/G ratio of 3.48 and a beta of 2.06. Unity Software Inc. has a 52-week low of $16.78 and a 52-week high of $52.15. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56.

Analysts Set New Price Targets

Several research firms have recently issued reports on U. Wedbush lifted their price target on Unity Software from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. UBS Group boosted their target price on Unity Software from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Barclays boosted their target price on Unity Software from $28.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Wall Street Zen lowered Unity Software from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, Piper Sandler began coverage on Unity Software in a research report on Tuesday, June 2nd. They issued an “overweight” rating and a $40.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have given 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 $37.71.

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.