Key Points
- Unity COO Alexander Blum sold 1,964 shares for approximately $88,007 at an average price of $44.81, reducing his holdings by 0.28% to 705,411 shares. The sale was made under a Rule 10b5-1 plan to cover tax obligations from vested equity awards.
- Unity’s latest quarterly results exceeded expectations, with revenue rising 24% year over year to $546.5 million and earnings of $0.28 per share versus the projected loss of $0.11. Analysts maintain a “Moderate Buy” consensus and an average price target of $45.16.
- Institutional investors own approximately 73.5% of Unity’s shares, with several major funds recently establishing or increasing positions in the company.
Unity Software Inc. (NYSE:U - Get Free Report) COO Alexander Blum sold 1,964 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $44.81, for a total value of $88,006.84. Following the transaction, the chief operating officer owned 705,411 shares of the company's stock, valued at $31,609,466.91. This represents a 0.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $45.31, for a total value of $933,159.45.
Unity Software Stock Down 1.7%
NYSE U opened at $43.60 on Friday. The stock 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 one year low of $16.78 and a one year high of $52.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.03 and a current ratio of 2.03. The company has a market capitalization of $19.19 billion, a P/E ratio of -32.06, a P/E/G ratio of 1.94 and a beta of 2.04.
Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share 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%. Unity Software's quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 earnings per share. As a group, equities analysts predict that Unity Software Inc. will post 0.55 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Unity Software from $40.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Zacks Research raised Unity Software from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 13th. Raymond James Financial began coverage on Unity Software in a report on Monday, June 29th. They issued a "market perform" rating for the company. BTIG Research boosted their target price on Unity Software from $43.00 to $51.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Finally, Oppenheimer increased their price target on Unity Software from $38.00 to $47.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Unity Software has a consensus rating of "Moderate Buy" and an average price target of $45.16.
Check Out Our Latest Stock Analysis on Unity Software
Institutional Trading of Unity Software
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in Unity Software in the 1st quarter valued at $54,534,000. Entropy Technologies LP purchased a new stake in shares of Unity Software during the first quarter valued at $1,985,000. Vanguard Group Inc. boosted its stake in shares of Unity Software by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 35,553,296 shares of the company's stock valued at $1,570,389,000 after purchasing an additional 996,685 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Unity Software in the fourth quarter worth about $3,710,000. Finally, Norges Bank purchased a new position in Unity Software in the 4th quarter worth about $230,285,000. 73.46% of the stock is owned by hedge funds and other institutional investors.
Unity Software News Summary
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.
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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