Plato Investment Management Ltd Sells 21,851 Shares of Unity Software Inc. (NYSE:U)

Plato Investment Management Ltd lessened its holdings in shares of Unity Software Inc. (NYSE:U) by 90.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,293 shares of the company’s stock after selling 21,851 shares during the quarter. Plato Investment Management Ltd’s holdings in Unity Software were worth $52,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 949 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after buying an additional 1,389 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Unity Software by 31.6% during the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock worth $62,000 after buying an additional 562 shares during the period. EntryPoint Capital LLC bought a new position in Unity Software during the first quarter valued at $65,000. Finally, Blue Trust Inc. raised its stake in shares of Unity Software by 308.8% in the second quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after acquiring an additional 2,359 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Unity Software

In other Unity Software news, SVP Felix The sold 30,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.89, for a total value of $536,700.00. Following the completion of the transaction, the senior vice president now owns 423,679 shares in the company, valued at approximately $7,579,617.31. This represents a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Helgason sold 250,000 shares of the company’s 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 of the company’s stock, valued at $168,876,112.09. The trade was a 2.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 281,600 shares of company stock worth $5,714,000 over the last quarter. 6.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Piper Sandler reissued a “neutral” rating and set a $17.00 price target (down from $25.00) on shares of Unity Software in a research note on Friday, August 9th. Oppenheimer reissued a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. Barclays raised their price target on shares of Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. The Goldman Sachs Group lowered their price objective on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Stifel Nicolaus lifted their price target on shares of Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $23.35.

Unity Software Stock Down 8.0 %

Shares of U stock opened at $17.34 on Friday. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $43.54. The firm has a market capitalization of $6.99 billion, a PE ratio of -8.50 and a beta of 2.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.36 and a current ratio of 2.41. The stock’s 50-day simple moving average is $20.67 and its 200-day simple moving average is $18.80.

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.