Unity Software Inc. (NYSE:U – Get Free Report) SVP Rebecca Berenice Boyden sold 1,032 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $45.32, for a total transaction of $46,770.24. Following the transaction, the senior vice president owned 308,413 shares of the company’s stock, valued at $13,977,277.16. This trade represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Unity Software Trading Down 1.7%
NYSE U opened at $43.60 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.55. Unity Software Inc. has a twelve month low of $16.78 and a twelve month high of $52.15. The company has a market cap of $19.19 billion, a price-to-earnings ratio of -32.06, a price-to-earnings-growth ratio of 1.94 and a beta of 2.04. The business’s fifty day moving average is $34.85 and its 200 day moving average is $27.63.
Unity Software (NYSE:U – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $546.47 million during the quarter, compared to analysts’ expectations of $514.72 million. During the same quarter in the prior year, the firm earned $0.18 EPS. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year. As a group, sell-side analysts expect that Unity Software Inc. will post 0.55 EPS for the current fiscal year.
Institutional Trading of Unity Software
More Unity Software News
Here are the key news stories impacting Unity Software this week:
- 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.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on U shares. 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. Piper Sandler upped their price target on shares of Unity Software from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. HSBC raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $47.10 price target for the company in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Unity Software from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 4th. Finally, Citizens Jmp boosted their price objective on shares of Unity Software from $37.00 to $45.00 and gave the stock a “market outperform” rating in a research note on Friday, August 7th. Two investment 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 issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.16.
Check Out Our Latest Research Report on U
Unity Software Company Profile
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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