Unity Software Inc. (NYSE:U – Get Free Report) COO Alexander Blum sold 2,099 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $27.37, for a total transaction of $57,449.63. Following the sale, the chief operating officer directly owned 727,970 shares of the company’s stock, valued at approximately $19,924,538.90. This trade represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Alexander Blum also recently made the following trade(s):
- On Tuesday, May 26th, Alexander Blum sold 19,009 shares of Unity Software stock. The stock was sold at an average price of $27.18, for a total transaction of $516,664.62.
- On Friday, February 27th, Alexander Blum sold 2,541 shares of Unity Software stock. The stock was sold at an average price of $18.76, for a total transaction of $47,669.16.
Unity Software Stock Up 7.7%
Unity Software stock traded up $2.13 during trading on Thursday, reaching $29.89. 14,147,768 shares of the company’s stock were exchanged, compared to its average volume of 10,821,225. The company’s 50-day moving average is $24.19 and its two-hundred day moving average is $31.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.95 and a current ratio of 1.95. Unity Software Inc. has a 52-week low of $16.78 and a 52-week high of $52.15. The firm has a market cap of $13.05 billion, a price-to-earnings ratio of -19.04, a PEG ratio of 3.55 and a beta of 2.04.
Wall Street Analyst Weigh In
View Our Latest Report on Unity Software
Institutional Investors Weigh In On Unity Software
Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Unity Software by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 35,553,296 shares of the company’s stock worth $1,570,389,000 after acquiring an additional 996,685 shares during the period. Wellington Management Group LLP raised its stake in Unity Software by 58.7% during the third quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company’s stock worth $729,284,000 after acquiring an additional 6,734,285 shares during the period. Geode Capital Management LLC raised its stake in Unity Software by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 5,852,047 shares of the company’s stock worth $258,547,000 after acquiring an additional 328,595 shares during the period. Norges Bank acquired a new stake in Unity Software during the fourth quarter worth about $230,285,000. Finally, Ameriprise Financial Inc. raised its stake in Unity Software by 37.8% during the second quarter. Ameriprise Financial Inc. now owns 4,628,328 shares of the company’s stock worth $112,006,000 after acquiring an additional 1,270,798 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.
Unity Software News Roundup
Here are the key news stories impacting Unity Software this week:
- Positive Sentiment: Analysts have been raising earnings estimates for Unity, and recent reports say the stock could still have meaningful upside from current levels. This kind of estimate momentum often supports buying interest. Earnings Estimates Moving Higher for Unity Software (U): Time to Buy?
- Positive Sentiment: Wall Street price-target coverage remains constructive, with analysts citing a sizable upside potential for Unity Software, reinforcing the bullish sentiment around the shares. Wall Street Analysts Think Unity Software (U) Could Surge 37.62%: Read This Before Placing a Bet
- Positive Sentiment: One report highlighted Unity’s AI expansion as a factor keeping the company in focus, which may be encouraging investors to view the business as a longer-term AI beneficiary. Unity AI Expansion Keeps Software Markets Watching Closely
- Neutral Sentiment: Multiple executives, including CEO Matthew S. Bromberg, CFO Jarrod Yahes, COO Alexander Blum, SVP Rebecca Berenice Boyden, and CAO Mark Barrysmith, sold shares recently. The company said the transactions were tied to tax withholding on vested equity awards, which makes the sales less alarming, but heavy insider selling can still be a mild overhang for sentiment. SEC filing for CEO sale
About Unity Software
Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.
The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.
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