Unity Software (NYSE:U) COO Sells $516,664.62 in Stock

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 19,009 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $516,664.62. Following the sale, the chief operating officer owned 730,069 shares in the company, valued at $19,843,275.42. The trade was a 2.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 Thursday, May 28th, Alexander Blum sold 2,099 shares of Unity Software stock. The shares were sold at an average price of $27.37, for a total value of $57,449.63.
• 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 Stock Performance

NYSE:U opened at $30.40 on Friday. The stock’s fifty day moving average is $24.41 and its 200 day moving average is $31.44. Unity Software Inc. has a fifty-two week low of $16.78 and a fifty-two week high of $52.15. The firm has a market capitalization of $13.27 billion, a PE ratio of -19.36, a PEG ratio of 3.90 and a beta of 2.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.95 and a current ratio of 1.95.

Hedge Funds Weigh In On Unity Software

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Unity Software by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 35,553,296 shares of the company’s stock worth $1,570,389,000 after buying an additional 996,685 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Unity Software by 58.7% during the 3rd quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company’s stock worth $729,284,000 after buying an additional 6,734,285 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Unity Software by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 5,852,047 shares of the company’s stock worth $258,547,000 after buying an additional 328,595 shares in the last quarter. Norges Bank bought a new position in shares of Unity Software during the 4th quarter worth $230,285,000. Finally, Ameriprise Financial Inc. grew its position in shares of Unity Software by 37.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,628,328 shares of the company’s stock worth $112,006,000 after buying an additional 1,270,798 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

Unity Software News Roundup

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 Upgrades and Downgrades

Several brokerages have commented on U. Bank of America upped their price objective on Unity Software from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, March 27th. Morgan Stanley upped their price objective on Unity Software from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, March 27th. Wells Fargo & Company upped their price objective on Unity Software from $29.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Oppenheimer raised Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Tuesday, February 10th. Finally, Wedbush upped their price objective on Unity Software from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. One investment 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.