Vontobel Holding Ltd. Sells 7,910 Shares of Unity Software Inc. $U

Key Points

• Vontobel Holding Ltd. reduced its stake in Unity Software Inc. by 16.7%, selling 7,910 shares to hold a total of 39,380 shares valued at approximately $953,000.
• Insiders sold a total of 2.28 million shares of Unity Software within the last 90 days, contributing to a significant decrease in their holdings.
• Analysts have varied opinions on Unity Software, with a consensus rating of "Hold" and a target price averaging $32.65, as several firms adjusted their price objectives recently.

Vontobel Holding Ltd. lowered its stake in shares of Unity Software Inc. (NYSE:U - Free Report) by 16.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 39,380 shares of the company's stock after selling 7,910 shares during the period. Vontobel Holding Ltd.'s holdings in Unity Software were worth $953,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. KLP Kapitalforvaltning AS lifted its stake in Unity Software by 6.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 63,000 shares of the company's stock valued at $1,525,000 after acquiring an additional 3,800 shares during the period. QRG Capital Management Inc. bought a new position in Unity Software during the 2nd quarter valued at about $315,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Unity Software during the 2nd quarter valued at about $232,000. FengHe Fund Management Pte. Ltd. lifted its stake in Unity Software by 203.0% during the 2nd quarter. FengHe Fund Management Pte. Ltd. now owns 1,107,702 shares of the company's stock valued at $26,806,000 after acquiring an additional 742,102 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new position in Unity Software during the 2nd quarter valued at about $102,000. Institutional investors own 73.46% of the company's stock.

Insider Buying and Selling at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $39.83, for a total transaction of $9,957,500.00. Following the completion of the sale, the director directly owned 1,548,146 shares of the company's stock, valued at $61,662,655.18. This trade represents a 13.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Mark Barrysmith sold 645 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $46.52, for a total transaction of $30,005.40. Following the sale, the chief accounting officer directly owned 453,788 shares of the company's stock, valued at approximately $21,110,217.76. This trade represents a 0.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,284,426 shares of company stock worth $96,630,284. Insiders own 3.61% of the company's stock.

Unity Software Price Performance

NYSE U opened at $36.15 on Monday. Unity Software Inc. has a 12 month low of $15.33 and a 12 month high of $46.94. The stock has a market cap of $15.27 billion, a price-to-earnings ratio of -34.10 and a beta of 2.32. The company's 50 day moving average is $39.89 and its two-hundred day moving average is $29.68. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.01). Unity Software had a negative return on equity of 13.59% and a negative net margin of 24.38%.The firm had revenue of $440.94 million for the quarter, compared to the consensus estimate of $425.18 million. During the same quarter in the previous year, the business posted ($0.32) EPS. Unity Software's revenue was down 1.9% on a year-over-year basis. As a group, research analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Unity Software from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, October 1st. Wall Street Zen upgraded shares of Unity Software from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Barclays increased their price objective on shares of Unity Software from $25.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Jefferies Financial Group increased their price objective on shares of Unity Software from $29.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Finally, HSBC cut shares of Unity Software from a "buy" rating to a "hold" rating and increased their price objective for the stock from $37.50 to $40.80 in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Unity Software currently has an average rating of "Hold" and a consensus target price of $32.65.

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.

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