Insider Selling: Unity Software (NYSE:U) CFO Sells $652,890.78 in Stock

Unity Software Inc. (NYSE:U) CFO Jarrod Yahes sold 24,021 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total transaction of $652,890.78. Following the sale, the chief financial officer directly owned 704,360 shares in the company, valued at approximately $19,144,504.80. This represents a 3.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jarrod Yahes also recently made the following trade(s):

• On Thursday, March 5th, Jarrod Yahes sold 6,205 shares of Unity Software stock. The stock was sold at an average price of $21.03, for a total transaction of $130,491.15.

Unity Software Stock Up 1.5%

U stock opened at $30.40 on Friday. The company 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. Unity Software Inc. has a 52 week low of $16.78 and a 52 week high of $52.15. The company’s 50-day moving average price is $24.41 and its 200 day moving average price is $31.44. 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 News Roundup

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Citizens Jmp reaffirmed a “market outperform” rating and issued a $37.00 price target on shares of Unity Software in a report on Friday, March 27th. UBS Group upped their price target on shares of Unity Software from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Benchmark reaffirmed a “hold” rating on shares of Unity Software in a report on Monday, February 2nd. The Goldman Sachs Group reduced their price target on shares of Unity Software from $47.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Finally, Oppenheimer raised shares of Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Unity Software has an average rating of “Moderate Buy” and an average price target of $38.77.

Hedge Funds Weigh In On Unity Software

Several institutional investors and hedge funds have recently modified their holdings of the company. Segall Bryant & Hamill LLC purchased a new position in shares of Unity Software during the first quarter valued at approximately $1,984,000. Edgestream Partners L.P. purchased a new position in shares of Unity Software during the first quarter valued at approximately $1,006,000. Amundi lifted its stake in shares of Unity Software by 74.0% during the first quarter. Amundi now owns 2,229,427 shares of the company’s stock valued at $48,914,000 after buying an additional 948,266 shares during the period. California State Teachers Retirement System lifted its stake in shares of Unity Software by 22.2% during the first quarter. California State Teachers Retirement System now owns 367,521 shares of the company’s stock valued at $8,063,000 after buying an additional 66,785 shares during the period. Finally, Readystate Asset Management LP purchased a new position in shares of Unity Software during the first quarter valued at approximately $2,185,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

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.