Holocene Advisors LP Has $4.72 Million Stock Holdings in Unity Software Inc. (NYSE:U)

Holocene Advisors LP trimmed its position in Unity Software Inc. (NYSE:U - Free Report) by 26.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 208,797 shares of the company's stock after selling 75,586 shares during the quarter. Holocene Advisors LP owned approximately 0.05% of Unity Software worth $4,723,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in U. GAMMA Investing LLC grew its position in shares of Unity Software by 343.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company's stock worth $28,000 after buying an additional 949 shares during the period. Planning Capital Management Corp acquired a new position in shares of Unity Software during the 3rd quarter worth about $34,000. Brooklyn Investment Group bought a new position in shares of Unity Software during the 3rd quarter valued at about $43,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Unity Software by 163.0% during the 2nd 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 in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Unity Software by 308.8% during the 2nd 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. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Unity Software Price Performance

Shares of NYSE:U traded up $1.30 during trading on Thursday, reaching $27.64. 26,683,260 shares of the company traded hands, compared to its average volume of 10,665,363. The company's 50 day moving average is $21.58 and its two-hundred day moving average is $18.78. The firm has a market capitalization of $11.13 billion, a PE ratio of -13.55 and a beta of 2.33. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $43.54.

Wall Street Analyst Weigh In

U has been the topic of several research reports. JMP Securities restated a "market perform" rating on shares of Unity Software in a research note on Friday, September 13th. The Goldman Sachs Group dropped their price objective on Unity Software from $26.00 to $22.50 and set a "neutral" rating on the stock in a research note on Friday, August 9th. Piper Sandler reiterated a "neutral" rating and set a $17.00 price objective (down previously from $25.00) on shares of Unity Software in a research note on Friday, August 9th. Wedbush upped their price objective 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, Macquarie boosted their target price on Unity Software from $15.00 to $16.00 and gave the stock an "underperform" rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $23.35.

Insider Activity

In other Unity Software news, Director David Helgason sold 250,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the completion of the transaction, the director now directly owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. This trade represents a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tomer Bar-Zeev sold 210,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $26.23, for a total value of $5,508,300.00. Following the completion of the transaction, the director now owns 967,650 shares of the company's stock, valued at $25,381,459.50. This represents a 17.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 764,381 shares of company stock worth $16,140,023. 6.30% of the stock is currently owned by company insiders.

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.