Alexander Blum Sells 40,693 Shares of Unity Software (NYSE:U) Stock

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 40,693 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $41.38, for a total transaction of $1,683,876.34. Following the sale, the chief operating officer directly owned 563,118 shares of the company’s stock, valued at $23,301,822.84. The trade was a 6.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Unity Software Stock Performance

NYSE:U opened at $42.53 on Friday. The company has a market cap of $18.20 billion, a P/E ratio of -40.51 and a beta of 2.37. Unity Software Inc. has a twelve month low of $15.33 and a twelve month high of $46.94. The company’s 50-day moving average price is $39.02 and its 200-day moving average price is $33.94. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. Unity Software had a negative net margin of 24.15% and a negative return on equity of 9.45%. The company had revenue of $470.62 million during the quarter, compared to analysts’ expectations of $452.87 million. During the same quarter in the prior year, the company earned ($0.31) EPS. Unity Software’s revenue was up 5.4% compared to the same quarter last year. Unity Software has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wall Street Zen raised Unity Software from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. The Goldman Sachs Group began coverage on Unity Software in a research note on Wednesday, October 15th. They issued a “neutral” rating and a $38.00 target price for the company. Wells Fargo & Company boosted their price target on shares of Unity Software from $37.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Citigroup upped their price objective on shares of Unity Software from $50.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, Arete downgraded shares of Unity Software from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a research note on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $38.52.

Institutional Trading of Unity Software

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Root Financial Partners LLC acquired a new position in Unity Software in the third quarter valued at about $27,000. Larson Financial Group LLC lifted its holdings in shares of Unity Software by 88.1% in the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after acquiring an additional 341 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Unity Software during the 3rd quarter worth approximately $38,000. Salem Investment Counselors Inc. purchased a new position in shares of Unity Software during the 3rd quarter worth approximately $40,000. Finally, CX Institutional acquired a new stake in Unity Software in the 2nd quarter valued at approximately $25,000. 73.46% of the stock is owned by institutional investors and hedge funds.

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.