Augustine Asset Management Inc. Buys Shares of 15,000 Unity Software Inc. (NYSE:U)

Augustine Asset Management Inc. purchased a new position in Unity Software Inc. (NYSE:U) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,000 shares of the company’s stock, valued at approximately $337,000.

Other large investors also recently modified their holdings of the company. Summit Trail Advisors LLC purchased a new stake in Unity Software during the fourth quarter valued at approximately $337,000. V2 Financial group LLC purchased a new stake in shares of Unity Software in the 4th quarter worth $225,000. Newbridge Financial Services Group Inc. raised its holdings 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 during the period. Choreo LLC raised its holdings in Unity Software by 14.0% in 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 period. Finally, R Squared Ltd purchased a new position in Unity Software during the fourth quarter valued at $30,000. Institutional investors own 73.46% of the company’s stock.

Insider Activity

In other news, CFO Mark Barrysmith sold 1,228 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $24.44, for a total transaction of $30,012.32. Following the transaction, the chief financial officer now directly owns 453,638 shares in the company, valued at approximately $11,086,912.72. This trade represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $17.52, for a total transaction of $4,380,000.00. Following the transaction, the director now directly owns 4,248,146 shares in the company, valued at approximately $74,427,517.92. The trade was a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 931,154 shares of company stock valued at $21,019,520. Corporate insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Macquarie upped their price target on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Friday, November 8th. Oppenheimer reaffirmed a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Barclays raised their price target on Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Benchmark upped their price objective on Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research note on Friday, November 8th. Finally, Morgan Stanley increased their target price on Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Unity Software currently has an average rating of “Hold” and a consensus target price of $22.81.

Unity Software Stock Down 4.5 %

NYSE:U opened at $19.48 on Wednesday. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $35.56. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a fifty day simple moving average of $23.22 and a 200-day simple moving average of $20.73.

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.