Alexander Blum Sells 10,164 Shares of Unity Software (NYSE:U) Stock

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 10,164 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $18.07, for a total transaction of $183,663.48. Following the completion of the sale, the chief operating officer directly owned 550,966 shares in the company, valued at approximately $9,955,955.62. This trade represents a 1.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 transaction of $47,669.16.

Unity Software Price Performance

NYSE U opened at $18.14 on Friday. The company has a 50-day moving average price of $34.50 and a two-hundred day moving average price of $38.57. Unity Software Inc. has a 52 week low of $15.33 and a 52 week high of $52.15. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of -18.89, a price-to-earnings-growth ratio of 9.78 and a beta of 2.04. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.52.

Unity Software (NYSE:U) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. Unity Software had a negative return on equity of 4.76% and a negative net margin of 21.77%.The business had revenue of $503.09 million during the quarter, compared to analyst estimates of $490.64 million. During the same period in the prior year, the company posted ($0.30) EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Analysts forecast that Unity Software Inc. will post -1.25 EPS for the current year.

Key Stories Impacting Unity Software

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

• Neutral Sentiment: Heightened investor attention reported by Zacks/Yahoo — more searches and coverage may increase volatility and trading volume in the short term. Investors Heavily Search Unity Software Inc. (U)
• Neutral Sentiment: Recent fundamentals: Unity reported a revenue and EPS beat in its Feb. 11 quarter and year‑over‑year revenue growth — positive operational context that may limit the durability of any sell‑off (background reporting).
• Negative Sentiment: COO Alexander Blum sold 2,541 shares on Feb. 27 at ~$18.76 (≈$47.7k), trimming his position by ~0.46%; SEC filing here. SEC Filing
• Negative Sentiment: COO Alexander Blum also sold 10,164 shares on Feb. 25 at ~$18.07 (~$183.7k), a ~1.81% cut to his holdings; same SEC filing as above. SEC Filing
• Negative Sentiment: CAO Mark Barrysmith sold 10,578 shares on Feb. 25 at ~$18.07 (~$191.1k), reducing his stake by ~2.68%; SEC filing here. SEC Filing
• Negative Sentiment: CFO Jarrod Yahes sold 12,196 shares on Feb. 25 at ~$18.07 (~$220.4k), cutting his holding by ~2.23%; SEC filing here. SEC Filing

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in U. Root Financial Partners LLC acquired a new stake in shares of Unity Software during the 3rd quarter valued at $27,000. Atlantic Union Bankshares Corp acquired a new position in shares of Unity Software in the 2nd quarter worth $28,000. REAP Financial Group LLC acquired a new stake in shares of Unity Software during the fourth quarter worth $28,000. Larson Financial Group LLC lifted its holdings in shares of Unity Software by 88.1% during the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after purchasing an additional 341 shares during the last quarter. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Unity Software during the fourth quarter valued at $30,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Wall Street Analyst Weigh In

U has been the topic of a number of recent analyst reports. Citigroup cut their price objective on shares of Unity Software from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Unity Software in a research report on Wednesday, January 21st. Freedom Capital raised shares of Unity Software to a “strong-buy” rating in a research note on Thursday, January 15th. Oppenheimer upgraded shares of Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Tuesday, February 10th. Finally, 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 report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.52.

About Unity Software

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.