5 Stocks to Sell According to Billionaire Daniel Sundheim

3. Unity Software Inc. (NYSE:U)

Number of Hedge Fund Holders: 36

Unity Software Inc. (NYSE:U) is an American software platform provider. This platform allows developers to create their software products only once and then run them on multiple platforms, such as headsets, gaming consoles, and personal computers for monetization.

Unity Software Inc. (NYSE:U)’s fiscal Q3 results saw it beat analyst estimates for revenue by posting $286 in the segment. Additionally, it also beat non-GAAP EPS estimates by posting -$0.06 for the metric. Morgan Stanley substantially increased the company’s price target to $120 from $87 in December 2021. To justify the decision, it outlined that mobile advertisement markets are set to grow in the future.

D1 Capital sold its $435.7 million stakes worth 2.84% of its Q2 2021 portfolio in Unity Software Inc. (NYSE:U) during Q3 2021. During the same time period, 36 of the 867 hedge funds part of Insider Monkey’s research owned the company’s shares.

Unity Software Inc. (NYSE:U)’s largest investor is Jim Davidson, Dave Roux, and Glenn Hutchins’s Silver Lake Partners. This is due to it owning 40 million shares worth $5 billion.