Quest Partners LLC Has $125,000 Stock Holdings in Unity Software Inc. (NYSE:U)

Quest Partners LLC reduced its holdings in shares of Unity Software Inc. (NYSE:U) by 81.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in 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 buying an additional 949 shares in the last quarter. Planning Capital Management Corp bought a new stake in shares of Unity Software in the 3rd quarter worth $34,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after purchasing an additional 1,389 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Unity Software by 308.8% during the second quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after purchasing an additional 2,359 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Unity Software by 31.6% during the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock valued at $62,000 after purchasing an additional 562 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction dated Friday, November 15th. The stock was 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 of the company’s stock, valued at $74,427,517.92. The trade was a 5.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Felix The sold 30,000 shares of Unity Software stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the transaction, the senior vice president now directly owns 423,679 shares in the company, valued at $7,579,617.31. This represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 554,381 shares of company stock valued at $10,631,723. Insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wells Fargo & Company initiated coverage on shares of Unity Software in a research note on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price objective for the company. Piper Sandler reiterated a “neutral” rating and set a $17.00 price target (down from $25.00) on shares of Unity Software in a report on Friday, August 9th. Stifel Nicolaus upped their price objective on Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Wedbush lifted their target price on Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, JMP Securities restated a “market perform” rating on shares of Unity Software in a research report on Friday, September 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.35.

Unity Software Price Performance

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

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.