Unity Software (NYSE:U) CEO Matthew Bromberg Sells 16,383 Shares of Stock

Unity Software Inc. (NYSE:UGet Free Report) CEO Matthew Bromberg sold 16,383 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $45.31, for a total value of $742,313.73. Following the completion of the transaction, the chief executive officer directly owned 1,541,131 shares of the company’s stock, valued at approximately $69,828,645.61. This trade represents a 1.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Unity Software Price Performance

U opened at $44.15 on Thursday. The company’s 50-day simple moving average is $34.53 and its two-hundred day simple moving average is $27.50. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.03 and a current ratio of 2.03. The stock has a market capitalization of $19.43 billion, a P/E ratio of -32.46, a P/E/G ratio of 1.97 and a beta of 2.04. Unity Software Inc. has a 52-week low of $16.78 and a 52-week high of $52.15.

Unity Software (NYSE:UGet Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.39. Unity Software had a negative net margin of 28.97% and a positive return on equity of 4.64%. The firm had revenue of $546.47 million during the quarter, compared to analyst estimates of $514.72 million. During the same period in the previous year, the business posted $0.18 earnings per share. The business’s revenue for the quarter was up 24.0% on a year-over-year basis. As a group, analysts predict that Unity Software Inc. will post 0.55 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Barclays lifted their target price on shares of Unity Software from $28.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Needham & Company LLC raised their price target on Unity Software from $40.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Zacks Research upgraded Unity Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Piper Sandler lifted their price objective on Unity Software from $45.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Benchmark upgraded Unity Software from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $45.16.

Read Our Latest Research Report on Unity Software

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. raised its position in Unity Software by 12.9% in the third quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company’s stock valued at $108,000 after purchasing an additional 308 shares during the period. Larson Financial Group LLC grew its holdings in shares of Unity Software by 88.1% during the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after purchasing an additional 341 shares during the period. Swiss Life Asset Management Ltd grew its holdings in shares of Unity Software by 3.1% during the 4th quarter. Swiss Life Asset Management Ltd now owns 14,861 shares of the company’s stock worth $656,000 after purchasing an additional 449 shares during the period. Captrust Financial Advisors increased its position in shares of Unity Software by 2.1% during the 2nd quarter. Captrust Financial Advisors now owns 22,330 shares of the company’s stock worth $540,000 after purchasing an additional 462 shares during the last quarter. Finally, M&T Bank Corp increased its position in shares of Unity Software by 1.9% during the 4th quarter. M&T Bank Corp now owns 25,745 shares of the company’s stock worth $1,137,000 after purchasing an additional 468 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors.

Unity Software Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Unity Software (NYSE:U)

Receive News & Ratings for Unity Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unity Software and related companies with MarketBeat.com's FREE daily email newsletter.