Alexander Blum Sells 2,099 Shares of Unity Software (NYSE:U) 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 completion of the transaction, the chief operating officer owned 727,970 shares in the company, valued at $19,924,538.90. The trade was a 0.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 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 Stock Up 1.5%

Shares of U opened at $30.40 on Friday. The firm has a market capitalization of $13.27 billion, a price-to-earnings ratio of -19.36, a PEG ratio of 3.83 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. The business’s fifty day moving average price is $24.41 and its two-hundred day moving average price is $31.44. Unity Software Inc. has a 52 week low of $16.78 and a 52 week high of $52.15.

Analysts Set New Price Targets

U has been the topic of a number of recent research reports. Wells Fargo & Company increased 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. Wall Street Zen lowered Unity Software from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Morgan Stanley raised their price target on Unity Software from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, March 27th. Bank of America raised their price target 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, Barclays raised their price target on Unity Software from $28.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.77.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in U. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Unity Software by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company’s stock worth $15,930,000 after purchasing an additional 45,481 shares during the last quarter. Focus Partners Wealth acquired a new stake in Unity Software during the 1st quarter worth $260,000. Northwestern Mutual Wealth Management Co. raised its stake in Unity Software by 28.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,542 shares of the company’s stock worth $134,000 after buying an additional 1,241 shares during the period. California Public Employees Retirement System raised its stake in Unity Software by 11.3% during the 2nd quarter. California Public Employees Retirement System now owns 520,774 shares of the company’s stock worth $12,603,000 after buying an additional 53,015 shares during the period. Finally, Sei Investments Co. raised its stake in Unity Software by 1,135.6% during the 2nd quarter. Sei Investments Co. now owns 224,715 shares of the company’s stock worth $5,438,000 after buying an additional 206,529 shares during the period. 73.46% of the stock is currently owned by institutional investors.

Trending Headlines about 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

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.