Sciencast Management LP Sells 3,081 Shares of Unity Software Inc. (NYSE:U)

Sciencast Management LP lowered its position in shares of Unity Software Inc. (NYSE:U) by 8.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,789 shares of the company’s stock after selling 3,081 shares during the quarter. Sciencast Management LP’s holdings in Unity Software were worth $737,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of Unity Software in the 4th quarter worth approximately $30,000. Principal Securities Inc. raised its holdings in shares of Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after purchasing an additional 477 shares during the period. GAMMA Investing LLC raised its holdings in shares of Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after purchasing an additional 411 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Unity Software in the 4th quarter worth approximately $40,000. Finally, Brooklyn Investment Group bought a new stake in shares of Unity Software in the 3rd quarter worth approximately $43,000. Institutional investors own 73.46% of the company’s stock.

Unity Software Stock Up 2.5 %

U opened at $21.55 on Friday. The company has a fifty day moving average price of $22.57 and a 200-day moving average price of $22.09. The firm has a market capitalization of $8.83 billion, a P/E ratio of -12.82 and a beta of 2.27. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software Inc. has a one year low of $13.90 and a one year high of $30.88.

Unity Software (NYSE:U) last announced its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (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 analyst estimates of $433.47 million. Equities research analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on U. Hsbc Global Res raised shares of Unity Software to a “strong-buy” rating in a report on Friday, February 21st. Needham & Company LLC lifted their price target on shares of Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, February 21st. HSBC raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Friday, February 21st. Macquarie started coverage on shares of Unity Software in a report on Monday, March 10th. They set a “neutral” rating and a $24.00 target price on the stock. Finally, Wells Fargo & Company lowered their target price on shares of Unity Software from $27.00 to $22.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.61.

Insider Buying and Selling

In other Unity Software news, CAO Mark Barrysmith sold 1,445 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $20.61, for a total value of $29,781.45. Following the completion of the sale, the chief accounting officer now directly owns 483,417 shares of the company’s stock, valued at $9,963,224.37. The trade was a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the completion of the sale, the director now directly owns 3,648,146 shares of the company’s stock, valued at $91,276,612.92. This represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 865,236 shares of company stock worth $20,849,425. Corporate insiders own 6.30% of the company’s stock.

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.