Jarrod Yahes Sells 24,021 Shares of Unity Software (NYSE:U) Stock

Unity Software Inc. (NYSE:U) CFO Jarrod Yahes sold 24,021 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $652,890.78. Following the completion of the transaction, the chief financial officer directly owned 704,360 shares of the company’s stock, valued at approximately $19,144,504.80. This trade represents a 3.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jarrod Yahes also recently made the following trade(s):

• On Thursday, March 5th, Jarrod Yahes sold 6,205 shares of Unity Software stock. The shares were sold at an average price of $21.03, for a total value of $130,491.15.

Unity Software Stock Performance

Shares of U stock opened at $30.40 on Friday. The stock has a market cap of $13.27 billion, a PE ratio of -19.36, a price-to-earnings-growth ratio of 3.83 and a beta of 2.04. The business has a 50-day simple moving average of $24.41 and a 200-day simple moving average of $31.44. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. Unity Software Inc. has a 52-week low of $16.78 and a 52-week high of $52.15.

Hedge Funds Weigh In On Unity Software

Several hedge funds and other institutional investors have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Unity Software by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company’s stock valued at $15,930,000 after purchasing an additional 45,481 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Unity Software in the first quarter valued at approximately $260,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Unity Software by 28.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,542 shares of the company’s stock valued at $134,000 after purchasing an additional 1,241 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Unity Software by 11.3% in the second quarter. California Public Employees Retirement System now owns 520,774 shares of the company’s stock valued at $12,603,000 after purchasing an additional 53,015 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Unity Software by 1,135.6% in the second quarter. Sei Investments Co. now owns 224,715 shares of the company’s stock valued at $5,438,000 after purchasing an additional 206,529 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

More Unity Software News

Here are the key news stories impacting Unity Software this week:

• Positive Sentiment: Several recent reports say Unity’s earnings estimates are moving higher, and analysts still see upside from current levels, helping support the stock’s recent strength. Earnings Estimates Moving Higher for Unity Software (U): Time to Buy?
• Positive Sentiment: Unity has also drawn attention as a momentum name, with coverage highlighting continued long-term growth potential and improving sentiment around the shares. Why Unity Software Inc. (U) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: Hayden Capital said it added Unity on a pullback in its Q1 letter, which may provide some support, but the commentary was more about portfolio positioning than a direct catalyst. What Makes Unity (U) an Investment Choice?
• Neutral Sentiment: Coverage on Unity’s AI expansion kept the company in the conversation, but it was largely thematic and did not appear to be a fresh fundamental driver. Unity AI Expansion Keeps Software Markets Watching Closely
• Negative Sentiment: Multiple executives, including the CEO, CFO, COO, CAO, and SVP, filed insider sales. The company said the transactions were for tax withholding related to equity vesting, but the broad selling may still weigh on sentiment. CEO Form 4 filing

Analyst Ratings Changes

U has been the subject of several analyst reports. Wedbush boosted their price objective on Unity Software from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Wall Street Zen cut Unity Software from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Citigroup decreased their price objective on Unity Software from $43.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, April 30th. UBS Group boosted their price objective on Unity Software from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Finally, Benchmark reissued a “hold” rating on shares of Unity Software in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.77.

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.