10 Tech Stocks to Sell Now According to Cathie Wood

7. Unity Software Inc. (NYSE:U)

Percentage of stake sold by ARK Invest in Q3: 42%

ARK Investment Management’s Q3 Stake Value: $150.7 million

Number of Hedge Fund Holders: 35

Unity Software Inc. (NYSE:U) offers a game engine that lets users make interactive simulations, 2D games, and 3D games. The Unity platform provides a suite of software tools for producing, executing, and making money off of real-time content for smartphones, tablets, PCs, gaming consoles, and augmented reality and virtual reality devices. The company stands out from competitors due to its end-to-end offerings, which account for 1.1 million active users and 3.7 billion downloads monthly.

Unity Software Inc. (NYSE:U) reported a mixed third quarter back in November, with revenue surpassing projections but earnings falling short of expectations. The company missed analyst’s earnings forecasts by $0.14 with an adjusted loss per share of $0.31. However, revenue for the quarter came in at $446.52 million, exceeding forecasts of $428.42 million. For the fourth quarter, Unity Software Inc. (NYSE:U) anticipates revenue to be between $422 million and $427 million, with the midpoint coming in just above analyst estimates of $424.9 million.