Key Points
- CFO Jarrod Yahes sold 6,205 shares on March 5 at an average price of $21.03 for $130,491, reducing his stake by 0.84% to 728,381 shares valued at about $15.32 million.
- Additional insider sale: Yahes also sold 12,196 shares on February 25 at $18.07 for roughly $220,382, signaling multiple recent insider dispositions.
- Company context: Unity beat quarterly estimates (EPS $0.24 vs. $0.20; revenue $503.09M vs. $490.64M) but the stock trades near $19.83—well below its 50- and 200-day moving averages—with a consensus analyst rating of "Moderate Buy" and an average target of $39.73.
Unity Software Inc. (NYSE:U - Get Free Report) CFO Jarrod Yahes sold 6,205 shares of the company's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $21.03, for a total transaction of $130,491.15. Following the transaction, the chief financial officer owned 728,381 shares of the company's stock, valued at $15,317,852.43. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Jarrod Yahes also recently made the following trade(s):
- On Wednesday, February 25th, Jarrod Yahes sold 12,196 shares of Unity Software stock. The shares were sold at an average price of $18.07, for a total value of $220,381.72.
Unity Software Price Performance
U stock traded down $0.90 during midday trading on Friday, reaching $19.83. 12,117,004 shares of the stock were exchanged, compared to its average volume of 23,273,164. Unity Software Inc. has a 52 week low of $15.33 and a 52 week high of $52.15. The company has a fifty day moving average price of $31.94 and a 200 day moving average price of $37.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $8.59 billion, a PE ratio of -20.66, a P/E/G ratio of 11.12 and a beta of 2.14.
Unity Software (NYSE:U - Get Free Report) last posted its earnings results on Wednesday, February 11th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. Unity Software had a negative return on equity of 4.76% and a negative net margin of 21.77%.The firm had revenue of $503.09 million during the quarter, compared to the consensus estimate of $490.64 million. During the same period last year, the company earned ($0.30) earnings per share. The business's quarterly revenue was up 10.1% on a year-over-year basis. As a group, analysts expect that Unity Software Inc. will post -1.25 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Unity Software from $48.00 to $52.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 13th. Wedbush dropped their price target on shares of Unity Software from $37.00 to $30.00 and set an "outperform" rating for the company in a research note on Thursday, February 12th. Wall Street Zen lowered shares of Unity Software from a "buy" rating to a "hold" rating in a report on Saturday, February 21st. Piper Sandler raised shares of Unity Software from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $43.00 to $59.00 in a research note on Thursday, December 11th. Finally, Barclays lowered their target price on Unity Software from $35.00 to $28.00 and set an "equal weight" rating for the company in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $39.73.
Get Our Latest Stock Analysis on Unity Software
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. REAP Financial Group LLC bought a new stake in shares of Unity Software in the 4th quarter valued at $28,000. Root Financial Partners LLC bought a new position in Unity Software during the third quarter worth $27,000. V Square Quantitative Management LLC bought a new position in Unity Software during the fourth quarter worth $30,000. Larson Financial Group LLC lifted its holdings in Unity Software by 88.1% in the third quarter. Larson Financial Group LLC now owns 728 shares of the company's stock valued at $29,000 after buying an additional 341 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Unity Software in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 73.46% of the company's stock.
Unity Software Company Profile
(
Get Free Report)
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.
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