Unity Software Inc. (NYSE:U) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. reduced its stake in shares of Unity Software Inc. (NYSE:U - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,324,433 shares of the company's stock after selling 210,882 shares during the quarter. Edmond DE Rothschild Holding S.A. owned about 0.33% of Unity Software worth $29,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of U. Charles Schwab Investment Management Inc. raised its holdings in shares of Unity Software by 100.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company's stock worth $42,662,000 after acquiring an additional 944,709 shares in the last quarter. Cerity Partners LLC increased its position in Unity Software by 45.1% during the third quarter. Cerity Partners LLC now owns 78,478 shares of the company's stock valued at $1,775,000 after acquiring an additional 24,406 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Unity Software by 5.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 86,602 shares of the company's stock worth $1,959,000 after acquiring an additional 4,497 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Unity Software by 11.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,791 shares of the company's stock valued at $1,217,000 after purchasing an additional 5,522 shares during the last quarter. Finally, Edgestream Partners L.P. raised its holdings in shares of Unity Software by 637.9% in the third quarter. Edgestream Partners L.P. now owns 102,899 shares of the company's stock worth $2,328,000 after buying an additional 88,955 shares during the period. Hedge funds and other institutional investors own 73.46% of the company's stock.

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Unity Software Stock Down 6.1 %

Shares of U traded down $1.12 during midday trading on Friday, hitting $17.07. The company had a trading volume of 6,675,523 shares, compared to its average volume of 10,700,472. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88. The firm has a market capitalization of $6.99 billion, a P/E ratio of -10.14 and a beta of 2.31. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The company's 50-day simple moving average is $22.36 and its 200-day simple moving average is $22.28.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The company had revenue of $457.10 million during the quarter, compared to analysts' expectations of $433.47 million. As a group, sell-side analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

Insider Activity at Unity Software

In other news, COO Alexander Blum sold 1,479 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $25.26, for a total value of $37,359.54. Following the completion of the sale, the chief operating officer now owns 495,648 shares in the company, valued at approximately $12,520,068.48. This trade represents a 0.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Anirma Gupta sold 31,948 shares of Unity Software stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $25.23, for a total transaction of $806,048.04. Following the completion of the sale, the senior vice president now directly owns 542,942 shares in the company, valued at approximately $13,698,426.66. The trade was a 5.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 781,903 shares of company stock valued at $17,934,432 over the last ninety days. Insiders own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

U has been the subject of several research analyst reports. Barclays lifted their target price on Unity Software from $18.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. Wells Fargo & Company decreased their price objective on Unity Software from $27.00 to $22.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. Benchmark upgraded Unity Software from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Citigroup upgraded Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 price target for the company in a research note on Tuesday, March 11th. Finally, Jefferies Financial Group dropped their price target on Unity Software from $28.00 to $24.00 and set a "hold" rating on the stock in a research note on Monday. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Unity Software presently has an average rating of "Moderate Buy" and an average target price of $25.32.

Unity Software Company 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.