Vontobel Holding Ltd. Decreases Stake in Unity Software Inc. (NYSE:U)

Vontobel Holding Ltd. lessened its stake in shares of Unity Software Inc. (NYSE:U - Free Report) by 82.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Northern Trust Corp raised its holdings in shares of Unity Software by 4.8% in the 3rd quarter. Northern Trust Corp now owns 1,583,326 shares of the company's stock worth $49,701,000 after acquiring an additional 72,770 shares during the last quarter. Natixis Advisors L.P. increased its stake in Unity Software by 3.2% in the 3rd quarter. Natixis Advisors L.P. now owns 13,226 shares of the company's stock valued at $415,000 after buying an additional 407 shares during the last quarter. Compagnie Lombard Odier SCmA increased its stake in Unity Software by 20.3% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 3,670 shares of the company's stock valued at $150,000 after buying an additional 620 shares during the last quarter. Graham Capital Management L.P. purchased a new stake in Unity Software in the 3rd quarter valued at about $414,000. Finally, LA Financiere DE L Echiquier increased its stake in Unity Software by 25.3% in the 4th quarter. LA Financiere DE L Echiquier now owns 399,600 shares of the company's stock valued at $16,340,000 after buying an additional 80,600 shares during the last quarter. Institutional investors own 73.46% of the company's stock.

Insider Activity

In related news, CEO James M. Whitehurst sold 44,091 shares of the business's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $32.56, for a total transaction of $1,435,602.96. Following the transaction, the chief executive officer now owns 155,909 shares in the company, valued at $5,076,397.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Unity Software news, SVP Anirma Gupta sold 756 shares of the company's stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $33.07, for a total value of $25,000.92. Following the sale, the senior vice president now owns 396,985 shares in the company, valued at $13,128,293.95. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James M. Whitehurst sold 44,091 shares of the company's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $32.56, for a total transaction of $1,435,602.96. Following the completion of the sale, the chief executive officer now owns 155,909 shares in the company, valued at approximately $5,076,397.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 341,723 shares of company stock valued at $9,577,516. Insiders own 9.00% of the company's stock.

Unity Software Price Performance

Shares of NYSE U traded down $0.54 during mid-day trading on Friday, reaching $22.89. 5,779,997 shares of the company were exchanged, compared to its average volume of 5,852,995. The stock has a market capitalization of $8.83 billion, a PE ratio of -10.60 and a beta of 2.42. The company's 50 day moving average price is $27.89 and its 200 day moving average price is $30.64. Unity Software Inc. has a 52 week low of $22.20 and a 52 week high of $50.08. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.85.

Unity Software (NYSE:U - Get Free Report) last issued its earnings results on Monday, February 26th. The company reported ($0.66) EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.89). The business had revenue of $609.27 million during the quarter, compared to analysts' expectations of $551.01 million. Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. Unity Software's revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.50) EPS. Sell-side analysts forecast that Unity Software Inc. will post -0.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

U has been the subject of several analyst reports. Wedbush decreased their price objective on shares of Unity Software from $50.00 to $33.50 and set an "outperform" rating for the company in a research note on Tuesday, February 27th. The Goldman Sachs Group raised their price target on shares of Unity Software from $29.00 to $32.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 9th. Piper Sandler upgraded shares of Unity Software from an "underweight" rating to a "neutral" rating and decreased their price target for the stock from $35.00 to $30.00 in a research note on Tuesday, February 27th. William Blair reaffirmed an "outperform" rating on shares of Unity Software in a report on Tuesday, January 9th. Finally, Macquarie downgraded shares of Unity Software from a "neutral" rating to an "underperform" rating and set a $20.00 price objective for the company. in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Unity Software currently has a consensus rating of "Hold" and an average price target of $37.03.

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.