Lindbrook Capital LLC Sells 13,689 Shares of Unity Software Inc. (NYSE:U)

Lindbrook Capital LLC reduced its holdings in shares of Unity Software Inc. (NYSE:U - Free Report) by 49.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,834 shares of the company's stock after selling 13,689 shares during the period. Lindbrook Capital LLC's holdings in Unity Software were worth $271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its stake in Unity Software by 30,300.0% in the first quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company's stock worth $25,000 after acquiring an additional 1,212 shares during the period. Anderson Financial Strategies LLC purchased a new stake in Unity Software in the fourth quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Unity Software in the fourth quarter worth $36,000. Itau Unibanco Holding S.A. lifted its stake in Unity Software by 150.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company's stock worth $40,000 after acquiring an additional 1,068 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Unity Software by 72.5% in the first quarter. GAMMA Investing LLC now owns 2,822 shares of the company's stock worth $55,000 after acquiring an additional 1,186 shares during the period. Institutional investors own 73.46% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on U shares. Wall Street Zen lowered Unity Software from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Stifel Nicolaus dropped their target price on shares of Unity Software from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Wedbush boosted their target price on shares of Unity Software from $31.50 to $39.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. UBS Group raised their target price on shares of Unity Software from $22.00 to $33.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, Jefferies Financial Group raised their target price on shares of Unity Software from $29.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $26.43.

Unity Software Price Performance

NYSE U traded down $1.70 during trading hours on Tuesday, hitting $34.22. The company's stock had a trading volume of 15,985,307 shares, compared to its average volume of 12,008,261. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $38.96. The company's 50 day simple moving average is $25.17 and its two-hundred day simple moving average is $22.89. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.74 and a quick ratio of 2.74.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.19. Unity Software had a negative return on equity of 14.12% and a negative net margin of 25.21%. The company had revenue of $435.00 million during the quarter, compared to the consensus estimate of $415.77 million. During the same period last year, the company earned $0.28 EPS. Unity Software's revenue for the quarter was down 5.5% on a year-over-year basis. Equities research analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Unity Software

In other Unity Software news, CEO Matthew S. Bromberg sold 133,072 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $21.24, for a total transaction of $2,826,449.28. Following the completion of the sale, the chief executive officer directly owned 1,222,812 shares in the company, valued at $25,972,526.88. The trade was a 9.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Shlomo Dovrat sold 50,000 shares of the business's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $30.01, for a total value of $1,500,500.00. Following the sale, the director owned 189,089 shares of the company's stock, valued at approximately $5,674,560.89. This represents a 20.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,276,809 shares of company stock worth $31,561,623. 3.61% of the stock is owned by corporate insiders.

About Unity Software

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.