Unity Software Inc. (NYSE:U) Shares Sold by Windmill Hill Asset Management Ltd

Windmill Hill Asset Management Ltd lowered its stake in shares of Unity Software Inc. (NYSE:U - Free Report) by 33.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 40,129 shares of the company's stock after selling 20,064 shares during the quarter. Unity Software accounts for 0.3% of Windmill Hill Asset Management Ltd's holdings, making the stock its 16th biggest holding. Windmill Hill Asset Management Ltd's holdings in Unity Software were worth $902,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of U. Principal Securities Inc. lifted its stake in Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock worth $32,000 after purchasing an additional 477 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Unity Software by 3.5% during the 4th quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company's stock worth $324,000 after acquiring an additional 488 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in Unity Software by 0.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 141,632 shares of the company's stock valued at $3,182,000 after acquiring an additional 973 shares during the period. Itau Unibanco Holding S.A. boosted its holdings in Unity Software by 150.4% during the 4th 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, Jones Financial Companies Lllp grew its position in Unity Software by 144.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company's stock valued at $43,000 after acquiring an additional 1,125 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company's stock.

Insider Transactions at Unity Software

In related news, Director Tomer Bar-Zeev sold 236,337 shares of Unity Software stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $23.92, for a total value of $5,653,181.04. Following the completion of the sale, the director now directly owns 3,161,809 shares in the company, valued at $75,630,471.28. This trade represents a 6.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Helgason sold 38,924 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $25.84, for a total transaction of $1,005,796.16. Following the sale, the director now directly owns 7,750,646 shares in the company, valued at approximately $200,276,692.64. This represents a 0.50% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 614,082 shares of company stock valued at $13,706,735. Corporate insiders own 6.30% of the company's stock.

Unity Software Stock Up 12.7%

Shares of NYSE U traded up $2.78 during mid-day trading on Wednesday, reaching $24.59. 39,165,952 shares of the company were exchanged, compared to its average volume of 11,082,583. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88. The firm has a 50-day moving average of $20.63 and a 200 day moving average of $22.09. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of -14.64 and a beta of 2.29. 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 (NYSE:U - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.38) by $0.19. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The business had revenue of $435.00 million during the quarter, compared to the consensus estimate of $415.77 million. During the same period in the previous year, the company posted $0.28 earnings per share. The firm's revenue was down 5.5% on a year-over-year basis. On average, research analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on U shares. Citizens Jmp upgraded Unity Software from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Wells Fargo & Company decreased their price objective on shares of Unity Software from $22.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Needham & Company LLC lowered their price objective on shares of Unity Software from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Wall Street Zen raised Unity Software from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, HSBC raised Unity Software from a "hold" rating to a "buy" rating and set a $34.00 target price for the company in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $24.21.

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.