Unity Software Inc. (NYSE:U) Stock Holdings Trimmed by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its position in Unity Software Inc. (NYSE:U) by 82.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,383 shares of the company’s stock after selling 130,820 shares during the quarter. Vontobel Holding Ltd.’s holdings in Unity Software were worth $1,161,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Front Row Advisors LLC boosted its stake in Unity Software by 15,550.0% in the second quarter. Front Row Advisors LLC now owns 626 shares of the company’s stock valued at $27,000 after acquiring an additional 622 shares during the period. Huntington National Bank boosted its stake in Unity Software by 665.0% in the third quarter. Huntington National Bank now owns 895 shares of the company’s stock valued at $28,000 after acquiring an additional 778 shares during the period. Pacifica Partners Inc. acquired a new position in Unity Software in the fourth quarter valued at approximately $33,000. Impact Partnership Wealth LLC boosted its stake in Unity Software by 1,151.0% in the third quarter. Impact Partnership Wealth LLC now owns 1,251 shares of the company’s stock valued at $39,000 after acquiring an additional 1,151 shares during the period. Finally, IFP Advisors Inc boosted its stake in Unity Software by 373.7% in the second quarter. IFP Advisors Inc now owns 919 shares of the company’s stock valued at $40,000 after acquiring an additional 725 shares during the period. 73.46% of the stock is owned by institutional investors.

Unity Software Stock Down 2.3 %

U opened at $22.89 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.60 and a current ratio of 2.60. Unity Software Inc. has a 1-year low of $22.20 and a 1-year high of $50.08. The business has a 50 day moving average price of $27.89 and a two-hundred day moving average price of $30.63.

Unity Software (NYSE:U) last released its earnings results on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). The firm had revenue of $609.27 million during the quarter, compared to analyst estimates of $551.01 million. Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The business’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.50) earnings per share. Research analysts anticipate that Unity Software Inc. will post -0.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Unity Software

In other Unity Software news, CMO Carol W. Carpenter sold 2,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $26.58, for a total value of $53,160.00. Following the transaction, the chief marketing officer now owns 444,617 shares of the company’s stock, valued at $11,817,919.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Unity Software news, CMO Carol W. Carpenter sold 2,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $26.58, for a total value of $53,160.00. Following the transaction, the chief marketing officer now owns 444,617 shares of the company’s stock, valued at $11,817,919.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Anirma Gupta sold 756 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $33.07, for a total value of $25,000.92. Following the completion of the transaction, the senior vice president now directly owns 396,985 shares in the company, valued at approximately $13,128,293.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 341,723 shares of company stock valued at $9,577,516. Corporate insiders own 9.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Citigroup decreased their target price on Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Piper Sandler upgraded Unity Software from an “underweight” rating to a “neutral” rating and decreased their target price for the company from $35.00 to $30.00 in a research note on Tuesday, February 27th. William Blair reiterated an “outperform” rating on shares of Unity Software in a research report on Tuesday, January 9th. Needham & Company LLC reduced their price objective on Unity Software from $40.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. Finally, Macquarie downgraded Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price objective for the company. in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $37.03.

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.