Unity Software Inc. (NYSE:U) Stock Holdings Trimmed by Invenomic Capital Management LP

Invenomic Capital Management LP trimmed its holdings in shares of Unity Software Inc. (NYSE:U) by 21.7% during the third quarter, Holdings Channel.com reports. The firm owned 208,371 shares of the company’s stock after selling 57,746 shares during the quarter. Invenomic Capital Management LP’s holdings in Unity Software were worth $4,713,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers lifted its holdings in shares of Unity Software by 346.5% during the first quarter. Cetera Investment Advisers now owns 119,938 shares of the company’s stock valued at $3,202,000 after purchasing an additional 93,078 shares during the last quarter. Cetera Advisors LLC acquired a new stake in shares of Unity Software during the first quarter valued at approximately $2,747,000. DNB Asset Management AS boosted its stake in Unity Software by 5.1% in the 2nd quarter. DNB Asset Management AS now owns 35,932 shares of the company’s stock worth $584,000 after purchasing an additional 1,745 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in Unity Software by 156.1% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 132,565 shares of the company’s stock valued at $2,156,000 after purchasing an additional 80,795 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Unity Software by 56.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,234 shares of the company’s stock worth $231,000 after buying an additional 5,128 shares during the period. Institutional investors own 73.46% of the company’s stock.

Insider Buying and Selling

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $17.52, for a total value of $4,380,000.00. Following the sale, the director now directly owns 4,248,146 shares in the company, valued at approximately $74,427,517.92. This trade represents a 5.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Felix The sold 30,000 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now owns 423,679 shares of the company’s stock, valued at approximately $7,579,617.31. This represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 554,381 shares of company stock valued at $10,631,723 over the last ninety days. Insiders own 6.30% of the company’s stock.

Unity Software Stock Performance

Unity Software stock opened at $24.22 on Tuesday. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $43.54. 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 business’s 50-day simple moving average is $21.31 and its 200 day simple moving average is $18.63.

Analyst Upgrades and Downgrades

A number of brokerages have commented on U. 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 report on Friday, November 8th. Stifel Nicolaus boosted their target price on Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Morgan Stanley raised Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price target for the company in a research note on Tuesday, September 3rd. Needham & Company LLC increased their price objective on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, JMP Securities restated a “market perform” rating on shares of Unity Software in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $23.35.

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.