Unity Software (NYSE:U) COO Alexander Blum Sells 20,595 Shares

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 20,595 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 $933,159.45. Following the sale, the chief operating officer directly owned 707,375 shares in the company, valued at approximately $32,051,161.25. This represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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, August 27th, Alexander Blum sold 1,964 shares of Unity Software stock. The stock was sold at an average price of $44.81, for a total transaction of $88,006.84.

Unity Software Stock Down 1.7%

U stock opened at $43.60 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.03 and a quick ratio of 2.03. Unity Software Inc. has a 1-year low of $16.78 and a 1-year high of $52.15. The firm has a fifty day moving average price of $34.85 and a two-hundred day moving average price of $27.63. The firm has a market cap of $19.19 billion, a price-to-earnings ratio of -32.06, a PEG ratio of 1.94 and a beta of 2.04.

Unity Software (NYSE:U) last issued its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.39. Unity Software had a negative net margin of 28.97% and a positive return on equity of 4.64%. The company had revenue of $546.47 million for the quarter, compared to analysts’ expectations of $514.72 million. During the same period in the prior year, the company earned $0.18 earnings per share. The firm’s revenue was up 24.0% compared to the same quarter last year. Research analysts predict 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

Several large investors have recently made changes to their positions in U. Corient Private Wealth LP boosted its position in shares of Unity Software by 194.1% during the second quarter. Corient Private Wealth LP now owns 48,691 shares of the company’s stock worth $1,392,000 after buying an additional 32,135 shares during the period. Amundi increased its position in Unity Software by 4.7% in the 2nd quarter. Amundi now owns 2,334,695 shares of the company’s stock valued at $66,726,000 after acquiring an additional 105,268 shares during the period. HighTower Advisors LLC increased its position in Unity Software by 5.9% in the 2nd quarter. HighTower Advisors LLC now owns 49,198 shares of the company’s stock valued at $1,406,000 after acquiring an additional 2,762 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Unity Software during the 2nd quarter valued at $600,000. Finally, California State Teachers Retirement System raised its stake in Unity Software by 2,948.2% during the 2nd quarter. California State Teachers Retirement System now owns 11,202,931 shares of the company’s stock valued at $320,180,000 after acquiring an additional 10,835,410 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on U shares. Citigroup lifted their target price on Unity Software from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Benchmark upgraded Unity Software from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Friday, August 7th. Wells Fargo & Company raised their price target on Unity Software from $36.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Raymond James Financial began coverage on Unity Software in a research report on Monday, June 29th. They set a “market perform” rating for the company. Finally, Wall Street Zen upgraded Unity Software from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Unity Software currently has an average rating of “Moderate Buy” and a consensus price target of $45.16.

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.