Unity Software (NYSE:U) COO Alexander Blum Sells 19,009 Shares

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 19,009 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total transaction of $516,664.62. Following the sale, the chief operating officer directly owned 730,069 shares of the company’s stock, valued at approximately $19,843,275.42. This represents a 2.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction 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 transaction of $47,669.16.

Unity Software Price Performance

Shares of NYSE:U opened at $29.89 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. 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 50-day simple moving average of $24.19 and a 200 day simple moving average of $31.44. The company has a market cap of $13.05 billion, a PE ratio of -19.04, a P/E/G ratio of 3.55 and a beta of 2.04.

Key Headlines Impacting Unity Software

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

• Positive Sentiment: Wall Street analysts and Zacks-related coverage highlighted rising earnings estimates for Unity Software, while consensus price targets suggest meaningful upside, reinforcing the recent upward move in the shares. Wall Street Analysts Think Unity Software (U) Could Surge 37.62%: Read This Before Placing a Bet
• Positive Sentiment: Another report said Unity shares have started gaining and could continue higher near term as earnings estimate revisions remain solid, which is helping sentiment around the stock. Earnings Estimates Moving Higher for Unity Software (U): Time to Buy?
• Neutral Sentiment: Coverage on Unity’s AI expansion is keeping the company in focus, but the article appears more thematic than a direct catalyst for near-term fundamentals. Unity AI Expansion Keeps Software Markets Watching Closely
• Negative Sentiment: CEO Matthew S. Bromberg, CFO Jarrod Yahes, COO Alexander Blum, CAO Mark Barrysmith, and SVP Rebecca Berenice Boyden all reported stock sales tied to tax withholding on equity vesting. While routine, the size and breadth of the sales may weigh on sentiment. CEO Form 4 filing

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on U shares. Barclays boosted their price objective on shares of Unity Software from $28.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Wall Street Zen downgraded shares of Unity Software from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Wedbush boosted their price objective on shares of Unity Software from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Morgan Stanley boosted their price objective on shares of Unity Software from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, March 27th. Finally, Needham & Company LLC boosted their price objective on shares of Unity Software from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, May 8th. One 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.77.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of U. Wellington Management Group LLP boosted its stake in Unity Software by 58.7% during the 3rd quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company’s stock valued at $729,284,000 after purchasing an additional 6,734,285 shares during the period. Norges Bank acquired a new position in Unity Software during the 4th quarter valued at about $230,285,000. Renaissance Technologies LLC acquired a new position in Unity Software during the 1st quarter valued at about $54,534,000. Duquesne Family Office LLC acquired a new position in Unity Software during the 2nd quarter valued at about $42,932,000. Finally, Dimensional Fund Advisors LP boosted its stake in Unity Software by 52.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,245,014 shares of the company’s stock valued at $93,089,000 after purchasing an additional 1,465,962 shares during the period. 73.46% of the stock is owned by institutional investors and hedge funds.

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.