Unity Software Inc. (NYSE:U – Get Free Report) CFO Jarrod Yahes sold 26,017 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $45.31, for a total value of $1,178,830.27. Following the transaction, the chief financial officer directly owned 678,343 shares in the company, valued at approximately $30,735,721.33. The trade was a 3.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Unity Software Stock Down 1.7%
Unity Software stock opened at $43.60 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.03 and a quick ratio of 2.03. The stock has a market capitalization of $19.19 billion, a price-to-earnings ratio of -32.06, a PEG ratio of 1.94 and a beta of 2.04. Unity Software Inc. has a 1-year low of $16.78 and a 1-year high of $52.15. The business has a fifty day moving average price of $34.85 and a 200-day moving average price of $27.63.
Unity Software (NYSE:U – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.39. Unity Software had a positive return on equity of 4.64% and a negative net margin of 28.97%.The firm had revenue of $546.47 million for the quarter, compared to the consensus estimate of $514.72 million. During the same period in the previous year, the business earned $0.18 EPS. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. Equities research analysts forecast that Unity Software Inc. will post 0.55 EPS for the current fiscal year.
Key Stories Impacting Unity Software
- Positive Sentiment: Institutional ownership trends were supportive, with UBS Asset Management, CalPERS, Northwestern Mutual, and Sei Investments increasing their positions. Institutional investors collectively own approximately 73.5% of Unity’s shares.
- Positive Sentiment: Unity’s latest quarterly results remain a fundamental tailwind: revenue rose 24% year over year to $546.5 million, exceeding expectations, while adjusted earnings of $0.28 per share beat the consensus estimate by $0.39. Analysts maintain a “Moderate Buy” consensus, with an average price target of $45.16. Unity Software stock information
- Neutral Sentiment: COO Alexander Blum sold 22,559 shares for approximately $1.02 million across transactions on August 25 and August 27. The sales were executed under a pre-arranged Rule 10b5-1 plan and were intended to cover tax withholding on vested equity awards. Blum still owns more than 705,000 shares.
- Neutral Sentiment: CEO Matthew Bromberg sold 16,383 shares worth about $742,000, while CFO Jarrod Yahes sold 26,017 shares valued at approximately $1.18 million. Both sales also covered tax obligations tied to equity vesting; Bromberg retained over 1.5 million shares and Yahes more than 678,000 shares. Unity Software CEO insider sale
- Negative Sentiment: SVP Rebecca Berenice Boyden sold 1,032 shares for $46,770, also to satisfy tax withholding requirements. Although the individual sale is small, the concentration of sales by senior executives may raise short-term investor caution after Unity’s sharp advance toward its 52-week high.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC purchased a new position in Unity Software during the 1st quarter worth approximately $54,534,000. Entropy Technologies LP purchased a new stake in shares of Unity Software in the 1st quarter valued at $1,985,000. FengHe Fund Management Pte. Ltd. increased its stake in shares of Unity Software by 287.0% in the fourth quarter. FengHe Fund Management Pte. Ltd. now owns 1,732,002 shares of the company’s stock worth $76,503,000 after acquiring an additional 1,284,400 shares during the period. Vanguard Group Inc. increased its stake in shares of Unity Software by 2.9% in 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. Finally, Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Unity Software in the fourth quarter worth $3,710,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Citigroup upped their price objective on shares of Unity Software from $40.00 to $48.00 and gave the company a “buy” rating in a report on Monday, August 10th. Bank of America upgraded shares of Unity Software from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $30.00 to $50.00 in a research note on Friday, August 7th. Benchmark raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Friday, August 7th. Raymond James Financial began coverage on shares of Unity Software in a research note on Monday, June 29th. They set a “market perform” rating on the stock. Finally, Needham & Company LLC raised their price target on shares of Unity Software from $40.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.16.
Get Our Latest Stock Analysis on U
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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