Unity Software (NYSE:U) COO Alexander Blum Sells 1,964 Shares

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 1,964 shares of Unity Software stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $44.81, for a total value of $88,006.84. Following the completion of the sale, the chief operating officer owned 705,411 shares of the company’s stock, valued at $31,609,466.91. The trade was a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 Tuesday, August 25th, Alexander Blum sold 20,595 shares of Unity Software stock. The shares were sold at an average price of $45.31, for a total transaction of $933,159.45.

Unity Software Stock Down 1.7%

U opened at $43.60 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average price of $34.85 and a 200-day moving average price of $27.63. Unity Software Inc. has a twelve month low of $16.78 and a twelve month high of $52.15. The stock has a market capitalization 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 (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.39. The company had revenue of $546.47 million for the quarter, compared to analysts’ expectations of $514.72 million. Unity Software had a negative net margin of 28.97% and a positive return on equity of 4.64%. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter last year, the company posted $0.18 earnings per share. Equities research analysts forecast that Unity Software Inc. will post 0.55 earnings per share for the current year.

Institutional Inflows and Outflows

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

Key Headlines Impacting Unity Software

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.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on U. HSBC raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $47.10 price objective on the stock in a report on Friday, August 7th. Bank of America upgraded shares of Unity Software from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $50.00 in a research note on Friday, August 7th. Benchmark raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Friday, August 7th. Oppenheimer raised their target price on Unity Software from $38.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Finally, Zacks Research upgraded Unity Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.