Augustine Asset Management Inc. Invests $337,000 in Unity Software Inc. (NYSE:U)

Augustine Asset Management Inc. bought a new stake in shares of Unity Software Inc. (NYSE:U) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 15,000 shares of the company’s stock, valued at approximately $337,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in U. Summit Trail Advisors LLC purchased a new stake in shares of Unity Software during the fourth quarter worth about $337,000. V2 Financial group LLC purchased a new position in shares of Unity Software in the 4th quarter valued at approximately $225,000. Newbridge Financial Services Group Inc. boosted its stake in Unity Software by 81.8% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 4,000 shares of the company’s stock worth $90,000 after purchasing an additional 1,800 shares in the last quarter. Choreo LLC grew its position in Unity Software by 14.0% during the 4th quarter. Choreo LLC now owns 10,940 shares of the company’s stock worth $246,000 after purchasing an additional 1,344 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Unity Software during the 4th quarter valued at approximately $30,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Unity Software

In other news, Director David Helgason sold 7,860 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $26.45, for a total transaction of $207,897.00. Following the transaction, the director now owns 10,493 shares in the company, valued at $277,539.85. This trade represents a 42.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Felix The sold 20,000 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $27.43, for a total transaction of $548,600.00. Following the completion of the sale, the senior vice president now directly owns 391,960 shares of the company’s stock, valued at approximately $10,751,462.80. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 931,154 shares of company stock worth $21,019,520 in the last three months. Company insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on U shares. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. Morgan Stanley raised their target price on Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Jefferies Financial Group boosted their price target on Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Barclays raised their price objective on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC upped their target price on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.81.

Unity Software Stock Performance

Unity Software stock opened at $19.48 on Wednesday. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $35.56. The stock’s 50 day simple moving average is $23.22 and its two-hundred day simple moving average is $20.73. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

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.