Unity Software (NYSE:U) COO Sells $57,449.63 in Stock

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 2,099 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $27.37, for a total value of $57,449.63. Following the sale, the chief operating officer directly owned 727,970 shares in the company, valued at $19,924,538.90. This trade represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Alexander Blum also recently made the following trade(s):

• On Tuesday, May 26th, Alexander Blum sold 19,009 shares of Unity Software stock. The shares were sold at an average price of $27.18, for a total value of $516,664.62.
• On Friday, February 27th, Alexander Blum sold 2,541 shares of Unity Software stock. The shares were sold at an average price of $18.76, for a total value of $47,669.16.

Unity Software Trading Up 1.5%

Unity Software stock opened at $30.40 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.95. Unity Software Inc. has a one year low of $16.78 and a one year high of $52.15. The stock has a market capitalization of $13.27 billion, a PE ratio of -19.36, a price-to-earnings-growth ratio of 3.90 and a beta of 2.04. The business’s fifty day moving average is $24.41 and its 200 day moving average is $31.44.

Key Headlines Impacting Unity Software

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC bought a new stake in Unity Software during the 1st quarter valued at approximately $1,984,000. Edgestream Partners L.P. bought a new stake in Unity Software during the 1st quarter valued at approximately $1,006,000. Amundi raised its stake in Unity Software by 74.0% during the 1st quarter. Amundi now owns 2,229,427 shares of the company’s stock valued at $48,914,000 after purchasing an additional 948,266 shares during the period. California State Teachers Retirement System raised its stake in Unity Software by 22.2% during the 1st quarter. California State Teachers Retirement System now owns 367,521 shares of the company’s stock valued at $8,063,000 after purchasing an additional 66,785 shares during the period. Finally, Readystate Asset Management LP bought a new stake in Unity Software during the 1st quarter valued at approximately $2,185,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

U has been the topic of several research reports. The Goldman Sachs Group dropped their target price on Unity Software from $47.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. Needham & Company LLC raised their target price on Unity Software from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Wall Street Zen cut Unity Software from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Bank of America raised their target price on Unity Software from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, March 27th. Finally, Wells Fargo & Company raised their target price on Unity Software from $29.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.