Unity Software (NYSE:U) CEO Matthew Bromberg Sells 138,993 Shares

Unity Software Inc. (NYSE:U) CEO Matthew Bromberg sold 138,993 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total transaction of $3,777,829.74. Following the completion of the sale, the chief executive officer owned 1,557,514 shares in the company, valued at approximately $42,333,230.52. This trade represents a 8.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Unity Software Stock Up 7.7%

Shares of NYSE:U opened at $29.89 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market capitalization of $13.05 billion, a PE ratio of -19.04, a price-to-earnings-growth ratio of 3.55 and a beta of 2.04. The firm’s 50-day moving average is $24.19 and its two-hundred day moving average is $31.44. Unity Software Inc. has a 1 year low of $16.78 and a 1 year high of $52.15.

Unity Software News Roundup

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

• Positive Sentiment: Wall Street analysts and Zacks-related coverage highlighted rising earnings estimates for Unity Software, while consensus price targets suggest meaningful upside, reinforcing the recent upward move in the shares. Wall Street Analysts Think Unity Software (U) Could Surge 37.62%: Read This Before Placing a Bet
• Positive Sentiment: Another report said Unity shares have started gaining and could continue higher near term as earnings estimate revisions remain solid, which is helping sentiment around the stock. Earnings Estimates Moving Higher for Unity Software (U): Time to Buy?
• Neutral Sentiment: Coverage on Unity’s AI expansion is keeping the company in focus, but the article appears more thematic than a direct catalyst for near-term fundamentals. Unity AI Expansion Keeps Software Markets Watching Closely
• Negative Sentiment: CEO Matthew S. Bromberg, CFO Jarrod Yahes, COO Alexander Blum, CAO Mark Barrysmith, and SVP Rebecca Berenice Boyden all reported stock sales tied to tax withholding on equity vesting. While routine, the size and breadth of the sales may weigh on sentiment. CEO Form 4 filing

Institutional Trading of Unity Software

A number of large investors have recently made changes to their positions in U. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Unity Software by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company’s stock worth $15,930,000 after buying an additional 45,481 shares during the period. Focus Partners Wealth purchased a new stake in shares of Unity Software during the first quarter worth approximately $260,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Unity Software by 28.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,542 shares of the company’s stock worth $134,000 after buying an additional 1,241 shares during the period. California Public Employees Retirement System increased its stake in shares of Unity Software by 11.3% during the second quarter. California Public Employees Retirement System now owns 520,774 shares of the company’s stock worth $12,603,000 after buying an additional 53,015 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Unity Software by 1,135.6% during the second quarter. Sei Investments Co. now owns 224,715 shares of the company’s stock worth $5,438,000 after buying an additional 206,529 shares during the period. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Oppenheimer upgraded shares of Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research note on Tuesday, February 10th. Wedbush boosted their price target on shares of Unity Software from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Citizens Jmp reiterated a “market outperform” rating and set a $37.00 price target on shares of Unity Software in a research note on Friday, March 27th. Wall Street Zen lowered shares of Unity Software from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Needham & Company LLC increased their price target on Unity Software from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.77.

Unity Software Company Profile

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.