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 on 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 owned 704,360 shares in the company, valued at $19,144,504.80. The trade was a 3.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 value of $130,491.15.

Unity Software Price Performance

Shares of NYSE:U traded up $2.13 during trading on Thursday, hitting $29.89. 14,147,768 shares of the stock were exchanged, compared to its average volume of 10,821,225. 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 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. The company has a fifty day moving average price of $24.19 and a two-hundred day moving average price of $31.44.

Key Unity Software News

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

• Positive Sentiment: Analysts have been raising earnings estimates for Unity, and recent reports say the stock could still have meaningful upside from current levels. This kind of estimate momentum often supports buying interest. Earnings Estimates Moving Higher for Unity Software (U): Time to Buy?
• Positive Sentiment: Wall Street price-target coverage remains constructive, with analysts citing a sizable upside potential for Unity Software, reinforcing the bullish sentiment around the shares. Wall Street Analysts Think Unity Software (U) Could Surge 37.62%: Read This Before Placing a Bet
• Positive Sentiment: One report highlighted Unity’s AI expansion as a factor keeping the company in focus, which may be encouraging investors to view the business as a longer-term AI beneficiary. Unity AI Expansion Keeps Software Markets Watching Closely
• Neutral Sentiment: Multiple executives, including CEO Matthew S. Bromberg, CFO Jarrod Yahes, COO Alexander Blum, SVP Rebecca Berenice Boyden, and CAO Mark Barrysmith, sold shares recently. The company said the transactions were tied to tax withholding on vested equity awards, which makes the sales less alarming, but heavy insider selling can still be a mild overhang for sentiment. SEC filing for CEO sale

Analyst Upgrades and Downgrades

U has been the subject of several research reports. The Goldman Sachs Group cut their price objective on Unity Software from $47.00 to $27.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. BTIG Research lifted their price objective on Unity Software from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Needham & Company LLC lifted their price objective on Unity Software from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Wall Street Zen downgraded Unity Software from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, Wedbush lifted their price objective on Unity Software from $30.00 to $32.00 and gave the stock an “outperform” 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 assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.77.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of U. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Unity Software by 5.9% in the 1st 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 acquiring an additional 45,481 shares during 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 during 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 during 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 during 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.