Matthew Bromberg Sells 16,383 Shares of Unity Software (NYSE:U) Stock

Unity Software Inc. (NYSE:U) CEO Matthew Bromberg sold 16,383 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $45.31, for a total value of $742,313.73. Following the completion of the sale, the chief executive officer owned 1,541,131 shares in the company, valued at approximately $69,828,645.61. This represents a 1.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Unity Software Stock Performance

U opened at $43.60 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 current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $19.19 billion, a PE ratio of -32.06, a P/E/G ratio of 1.94 and a beta of 2.04. The firm has a 50 day moving average of $34.85 and a two-hundred day moving average of $27.63.

Unity Software (NYSE:U) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.39. The business had revenue of $546.47 million for the quarter, compared to the consensus estimate of $514.72 million. Unity Software had a negative net margin of 28.97% and a positive return on equity of 4.64%. The business’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 EPS. On average, analysts anticipate that Unity Software Inc. will post 0.55 EPS for the current year.

Unity Software News Roundup

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

• Positive Sentiment: Institutional ownership trends were supportive, with UBS Asset Management, CalPERS, Northwestern Mutual, and Sei Investments increasing their positions. Institutional investors collectively own approximately 73.5% of Unity’s shares.
• Positive Sentiment: Unity’s latest quarterly results remain a fundamental tailwind: revenue rose 24% year over year to $546.5 million, exceeding expectations, while adjusted earnings of $0.28 per share beat the consensus estimate by $0.39. Analysts maintain a “Moderate Buy” consensus, with an average price target of $45.16. Unity Software stock information
• Neutral Sentiment: COO Alexander Blum sold 22,559 shares for approximately $1.02 million across transactions on August 25 and August 27. The sales were executed under a pre-arranged Rule 10b5-1 plan and were intended to cover tax withholding on vested equity awards. Blum still owns more than 705,000 shares.
• Neutral Sentiment: CEO Matthew Bromberg sold 16,383 shares worth about $742,000, while CFO Jarrod Yahes sold 26,017 shares valued at approximately $1.18 million. Both sales also covered tax obligations tied to equity vesting; Bromberg retained over 1.5 million shares and Yahes more than 678,000 shares. Unity Software CEO insider sale
• Negative Sentiment: SVP Rebecca Berenice Boyden sold 1,032 shares for $46,770, also to satisfy tax withholding requirements. Although the individual sale is small, the concentration of sales by senior executives may raise short-term investor caution after Unity’s sharp advance toward its 52-week high.

Institutional Investors Weigh In On Unity Software

Hedge funds have recently modified their holdings of the company. Newbridge Financial Services Group Inc. grew its position in shares of Unity Software by 12.9% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company’s stock valued at $108,000 after acquiring an additional 308 shares during the period. Larson Financial Group LLC raised its holdings in Unity Software by 88.1% in the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after purchasing an additional 341 shares during the period. Swiss Life Asset Management Ltd boosted its position in Unity Software by 3.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 14,861 shares of the company’s stock worth $656,000 after purchasing an additional 449 shares in the last quarter. Captrust Financial Advisors boosted its position in Unity Software by 2.1% during the second quarter. Captrust Financial Advisors now owns 22,330 shares of the company’s stock worth $540,000 after purchasing an additional 462 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in Unity Software by 1.9% in the fourth quarter. M&T Bank Corp now owns 25,745 shares of the company’s stock valued at $1,137,000 after purchasing an additional 468 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on U shares. Deutsche Bank Aktiengesellschaft raised Unity Software from a “hold” rating to a “buy” rating and increased their price target for the stock from $31.00 to $50.00 in a research report on Friday, August 7th. Citizens Jmp upped their target price on Unity Software from $37.00 to $45.00 and gave the stock a “market outperform” rating in a research note on Friday, August 7th. Weiss Ratings upgraded Unity Software from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 4th. Oppenheimer boosted their price target on Unity Software from $38.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Wells Fargo & Company upped their price objective on Unity Software from $36.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $45.16.

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.