Unity Software (NYSE:U) COO Alexander Blum Sells 2,099 Shares

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 2,099 shares of Unity Software stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $27.37, for a total value of $57,449.63. Following the transaction, the chief operating officer owned 727,970 shares of the company’s stock, valued at $19,924,538.90. This represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 Tuesday, May 26th, Alexander Blum sold 19,009 shares of Unity Software stock. The stock was 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 stock was sold at an average price of $18.76, for a total value of $47,669.16.

Unity Software Stock Performance

Shares of NYSE U opened at $29.89 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.56. Unity Software Inc. has a 12 month low of $16.78 and a 12 month high of $52.15. The stock has a 50 day moving average of $24.19 and a 200-day moving average of $31.44. The company has a market capitalization of $13.05 billion, a P/E ratio of -19.04, a P/E/G ratio of 3.55 and a beta of 2.04.

Wall Street Analysts Forecast Growth

U has been the subject of several research analyst reports. BTIG Research lifted their target price on Unity Software from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded Unity Software from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Needham & Company LLC boosted their price target on Unity Software from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Oppenheimer upgraded Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Tuesday, February 10th. Finally, Wells Fargo & Company boosted their price target on Unity Software from $29.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company 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: 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

Institutional Investors Weigh In On Unity Software

A number of 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 raised its position in shares of Unity Software by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company’s stock valued at $15,930,000 after buying an additional 45,481 shares in the last quarter. Focus Partners Wealth acquired a new position in Unity Software in the 1st quarter valued at $260,000. Northwestern Mutual Wealth Management Co. raised its holdings in Unity Software by 28.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,542 shares of the company’s stock valued at $134,000 after acquiring an additional 1,241 shares in the last quarter. California Public Employees Retirement System raised its holdings in Unity Software by 11.3% in the 2nd quarter. California Public Employees Retirement System now owns 520,774 shares of the company’s stock valued at $12,603,000 after acquiring an additional 53,015 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Unity Software by 1,135.6% in the 2nd quarter. Sei Investments Co. now owns 224,715 shares of the company’s stock valued at $5,438,000 after acquiring an additional 206,529 shares in the last quarter. 73.46% of the stock is currently 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.