Alexander Blum Sells 2,541 Shares of Unity Software (NYSE:U) Stock

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 2,541 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $18.76, for a total transaction of $47,669.16. Following the transaction, the chief operating officer owned 548,425 shares of the company’s stock, valued at $10,288,453. This trade represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Alexander Blum also recently made the following trade(s):

• On Wednesday, February 25th, Alexander Blum sold 10,164 shares of Unity Software stock. The stock was sold at an average price of $18.07, for a total value of $183,663.48.

Unity Software Price Performance

NYSE:U opened at $18.14 on Friday. Unity Software Inc. has a 52-week low of $15.33 and a 52-week high of $52.15. The stock has a fifty day moving average of $34.50 and a 200 day moving average of $38.57. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of -18.89, a P/E/G ratio of 9.78 and a beta of 2.04.

Unity Software (NYSE:U) last announced its earnings results on Wednesday, February 11th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The business had revenue of $503.09 million for the quarter, compared to analyst estimates of $490.64 million. Unity Software had a negative return on equity of 4.76% and a negative net margin of 21.77%.The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.30) EPS. On average, research analysts expect that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Key Headlines Impacting Unity Software

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

• Neutral Sentiment: Heightened investor attention reported by Zacks/Yahoo — more searches and coverage may increase volatility and trading volume in the short term. Investors Heavily Search Unity Software Inc. (U)
• Neutral Sentiment: Recent fundamentals: Unity reported a revenue and EPS beat in its Feb. 11 quarter and year‑over‑year revenue growth — positive operational context that may limit the durability of any sell‑off (background reporting).
• Negative Sentiment: COO Alexander Blum sold 2,541 shares on Feb. 27 at ~$18.76 (≈$47.7k), trimming his position by ~0.46%; SEC filing here. SEC Filing
• Negative Sentiment: COO Alexander Blum also sold 10,164 shares on Feb. 25 at ~$18.07 (~$183.7k), a ~1.81% cut to his holdings; same SEC filing as above. SEC Filing
• Negative Sentiment: CAO Mark Barrysmith sold 10,578 shares on Feb. 25 at ~$18.07 (~$191.1k), reducing his stake by ~2.68%; SEC filing here. SEC Filing
• Negative Sentiment: CFO Jarrod Yahes sold 12,196 shares on Feb. 25 at ~$18.07 (~$220.4k), cutting his holding by ~2.23%; SEC filing here. SEC Filing

Analyst Ratings Changes

A number of brokerages have recently commented on U. Macquarie Infrastructure raised shares of Unity Software from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $33.00 to $50.00 in a report on Friday, November 7th. Arete Research upgraded shares of Unity Software from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Monday, December 1st. Barclays reduced their target price on Unity Software from $35.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 12th. BTIG Research lowered their price target on Unity Software from $60.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, Wedbush dropped their price target on Unity Software from $37.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.52.

Institutional Trading of Unity Software

Several hedge funds have recently added to or reduced their stakes in U. T. Rowe Price Investment Management Inc. grew its stake in shares of Unity Software by 41.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,622,445 shares of the company’s stock valued at $204,174,000 after buying an additional 1,355,847 shares during the last quarter. Compound Planning Inc. lifted its stake in shares of Unity Software by 35.6% in the 4th quarter. Compound Planning Inc. now owns 12,764 shares of the company’s stock valued at $564,000 after acquiring an additional 3,354 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in Unity Software by 60.8% during the 4th quarter. Corient Private Wealth LLC now owns 17,429 shares of the company’s stock valued at $768,000 after acquiring an additional 6,593 shares during the period. Arohi Asset Management PTE Ltd. purchased a new stake in Unity Software during the 4th quarter valued at about $2,208,000. Finally, Vident Advisory LLC grew its position in Unity Software by 8.2% during the 4th quarter. Vident Advisory LLC now owns 18,469 shares of the company’s stock worth $816,000 after acquiring an additional 1,401 shares during the last quarter. 73.46% of the stock is owned by institutional investors.

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.