Unity Software (NYSE:U) CEO Sells $3,777,829.74 in Stock

Unity Software Inc. (NYSE:U) CEO Matthew Bromberg sold 138,993 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $3,777,829.74. Following the completion of the sale, the chief executive officer owned 1,557,514 shares in the company, valued at approximately $42,333,230.52. This represents a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Unity Software Stock Up 1.5%

U opened at $30.40 on Friday. Unity Software Inc. has a 12 month low of $16.78 and a 12 month high of $52.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market cap of $13.27 billion, a P/E ratio of -19.36, a P/E/G ratio of 3.90 and a beta of 2.04. The stock’s 50 day moving average price is $24.41 and its 200 day moving average price is $31.44.

Institutional Investors Weigh In On Unity Software

Several hedge funds have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. lifted its holdings in shares of Unity Software by 12.9% during the third quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company’s stock valued at $108,000 after purchasing an additional 308 shares during the last quarter. Xponance Inc. lifted its holdings in shares of Unity Software by 1.8% during the third quarter. Xponance Inc. now owns 18,291 shares of the company’s stock valued at $732,000 after purchasing an additional 328 shares during the last quarter. 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. Swiss Life Asset Management Ltd lifted its holdings in shares of Unity Software by 3.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 14,861 shares of the company’s stock valued at $656,000 after purchasing an additional 449 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Unity Software by 2.1% during the second quarter. Captrust Financial Advisors now owns 22,330 shares of the company’s stock valued at $540,000 after purchasing an additional 462 shares during the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on U shares. 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 report on Friday, March 27th. Citizens Jmp restated a “market outperform” rating and issued a $37.00 price objective on shares of Unity Software in a report on Friday, March 27th. Wedbush upped 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. Barclays upped their price objective on Unity Software from $28.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Morgan Stanley upped their price objective on Unity Software from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.77.

Unity Software News Summary

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.