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

Sciencast Management LP trimmed its position in shares of Unity Software Inc. (NYSE:U) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,789 shares of the company’s stock after selling 3,081 shares during the period. Sciencast Management LP’s holdings in Unity Software were worth $737,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Stokes Family Office LLC bought a new position in shares of Unity Software during the fourth quarter valued at about $225,000. Xponance Inc. raised its stake in Unity Software by 12.0% in the fourth quarter. Xponance Inc. now owns 26,246 shares of the company’s stock worth $590,000 after buying an additional 2,812 shares in the last quarter. Swiss National Bank raised its stake in Unity Software by 2.1% in the fourth quarter. Swiss National Bank now owns 546,400 shares of the company’s stock worth $12,278,000 after buying an additional 11,300 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Unity Software by 366.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company’s stock worth $43,505,000 after buying an additional 1,521,165 shares in the last quarter. Finally, Rakuten Securities Inc. raised its stake in Unity Software by 124.1% in the fourth quarter. Rakuten Securities Inc. now owns 19,850 shares of the company’s stock worth $446,000 after buying an additional 10,994 shares in the last quarter. 73.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction dated 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 transaction, the director now directly owns 3,648,146 shares of the company’s stock, valued at $91,276,612.92. The trade was a 6.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Mark Barrysmith sold 1,362 shares of Unity Software stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $21.91, for a total value of $29,841.42. Following the transaction, the chief accounting officer now directly owns 452,276 shares in the company, valued at approximately $9,909,367.16. The trade was a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 865,236 shares of company stock worth $20,849,425. 6.30% of the stock is owned by insiders.

Unity Software Trading Up 2.5 %

NYSE:U opened at $21.55 on Friday. The company’s 50 day moving average price is $22.57 and its 200-day moving average price is $22.09. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $8.83 billion, a price-to-earnings ratio of -12.82 and a beta of 2.27.

Unity Software (NYSE:U) last issued 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 for the quarter, compared to analysts’ expectations of $433.47 million. On average, equities research analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on U shares. Citizens Jmp raised shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. UBS Group increased their price target on shares of Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Macquarie initiated coverage on shares of Unity Software in a research note on Monday, March 10th. They issued a “neutral” rating and a $24.00 price target for the company. Benchmark upgraded shares of Unity Software from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Wedbush restated an “outperform” rating and issued a $27.00 price objective on shares of Unity Software in a report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.61.

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.