Migdal Insurance & Financial Holdings Ltd. Sells 7,730 Shares of Unity Software Inc. (NYSE:U)

Migdal Insurance & Financial Holdings Ltd. trimmed its stake in shares of Unity Software Inc. (NYSE:U - Free Report) by 80.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,835 shares of the company's stock after selling 7,730 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.'s holdings in Unity Software were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at Unity Software

In related news, Director David Helgason sold 261,473 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $25.70, for a total transaction of $6,719,856.10. Following the transaction, the director directly owned 7,489,173 shares in the company, valued at approximately $192,471,746.10. The trade was a 3.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James M. Whitehurst sold 72,955 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $21.24, for a total transaction of $1,549,564.20. Following the transaction, the director owned 240,311 shares in the company, valued at approximately $5,104,205.64. The trade was a 23.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,276,809 shares of company stock worth $31,561,623. 3.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on U. Wedbush boosted their target price on shares of Unity Software from $31.50 to $39.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. UBS Group boosted their target price on shares of Unity Software from $22.00 to $33.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Jefferies Financial Group boosted their target price on shares of Unity Software from $29.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Barclays decreased their target price on shares of Unity Software from $26.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Finally, Wall Street Zen downgraded shares of Unity Software from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $26.34.

Unity Software Trading Down 3.3%

Shares of NYSE:U traded down $1.13 during mid-day trading on Wednesday, reaching $33.10. The stock had a trading volume of 6,825,157 shares, compared to its average volume of 11,989,274. The firm has a market cap of $13.76 billion, a PE ratio of -29.50 and a beta of 2.29. The firm has a 50 day simple moving average of $25.17 and a two-hundred day simple moving average of $22.89. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $38.96.

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

Unity Software 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.