Quest Partners LLC Reduces Position in Unity Software Inc. (NYSE:U)

Quest Partners LLC reduced its position in Unity Software Inc. (NYSE:U) by 81.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,532 shares of the company’s stock after selling 24,388 shares during the quarter. Quest Partners LLC’s holdings in Unity Software were worth $125,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in Unity Software by 4.0% in the third quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company’s stock valued at $315,000 after purchasing an additional 538 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Unity Software by 31.6% in the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock valued at $62,000 after acquiring an additional 562 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Unity Software by 28.7% in the third quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock worth $89,000 after purchasing an additional 876 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Unity Software by 343.8% during the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after purchasing an additional 949 shares in the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Unity Software by 8.2% during the 2nd quarter. Intech Investment Management LLC now owns 13,270 shares of the company’s stock valued at $216,000 after purchasing an additional 1,010 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

U has been the topic of several recent analyst reports. Stifel Nicolaus upped their target price on Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, September 13th. The Goldman Sachs Group decreased their target price on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a research note on Friday, August 9th. Macquarie raised their price target on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Friday, November 8th. Piper Sandler reiterated a “neutral” rating and issued a $17.00 price objective (down previously from $25.00) on shares of Unity Software in a research report on Friday, August 9th. Finally, Oppenheimer restated a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $23.35.

Unity Software Price Performance

NYSE:U opened at $23.47 on Friday. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $43.54. The firm has a market cap of $9.45 billion, a price-to-earnings ratio of -11.50 and a beta of 2.29. The company’s 50-day moving average is $21.24 and its two-hundred day moving average is $18.67. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Insider Transactions at Unity Software

In related news, Director Shlomo Dovrat sold 3,750 shares of Unity Software stock in a transaction on Monday, November 18th. The shares were sold at an average price of $17.99, for a total transaction of $67,462.50. Following the transaction, the director now owns 2,394,935 shares in the company, valued at approximately $43,084,880.65. The trade was a 0.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark Barrysmith sold 8,112 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $24.38, for a total value of $197,770.56. Following the transaction, the chief financial officer now owns 454,866 shares in the company, valued at approximately $11,089,633.08. This represents a 1.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 554,381 shares of company stock worth $10,631,723 in the last three months. Company insiders own 6.30% of the company’s stock.

Unity Software 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.