Unity Software (NYSE:U) CFO Sells $637,573.50 in Stock

Unity Software Inc. (NYSE:U) CFO Jarrod Yahes sold 14,914 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $42.75, for a total value of $637,573.50. Following the completion of the sale, the chief financial officer owned 608,590 shares in the company, valued at approximately $26,017,222.50. This represents a 2.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Jarrod Yahes also recently made the following trade(s):

• On Thursday, November 6th, Jarrod Yahes sold 15,000 shares of Unity Software stock. The shares were sold at an average price of $41.15, for a total value of $617,250.00.
• On Monday, August 25th, Jarrod Yahes sold 29,876 shares of Unity Software stock. The shares were sold at an average price of $39.32, for a total transaction of $1,174,724.32.

Unity Software Trading Up 7.7%

U stock traded up $3.07 during mid-day trading on Monday, hitting $43.10. 13,204,783 shares of the company were exchanged, compared to its average volume of 10,429,539. Unity Software Inc. has a 12-month low of $15.33 and a 12-month high of $46.94. The business has a fifty day simple moving average of $40.08 and a 200-day simple moving average of $32.46. The firm has a market capitalization of $18.44 billion, a P/E ratio of -41.05 and a beta of 2.38. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. Unity Software had a negative net margin of 24.15% and a negative return on equity of 9.45%. The company had revenue of $470.62 million during the quarter, compared to analysts’ expectations of $452.87 million. During the same quarter in the previous year, the business posted ($0.31) EPS. The firm’s revenue was up 5.4% on a year-over-year basis. Unity Software has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. JMP Securities boosted their price objective on shares of Unity Software from $30.00 to $35.00 and gave the stock a “market outperform” rating in a report on Thursday, August 7th. Barclays boosted their price target on Unity Software from $30.00 to $35.00 and gave the company an “equal weight” rating in a research report on Thursday. Macquarie upgraded Unity Software from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $33.00 to $50.00 in a report on Friday. Deutsche Bank Aktiengesellschaft began coverage on shares of Unity Software in a research report on Wednesday, October 22nd. They set a “hold” rating and a $39.00 price target on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Unity Software in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $38.40.

Hedge Funds Weigh In On Unity Software

Several large investors have recently made changes to their positions in U. Vanguard Group Inc. boosted its position in shares of Unity Software by 2.8% in the third quarter. Vanguard Group Inc. now owns 34,556,611 shares of the company’s stock valued at $1,383,647,000 after acquiring an additional 930,293 shares during the period. Slate Path Capital LP lifted its holdings in Unity Software by 25.4% in the second quarter. Slate Path Capital LP now owns 20,016,952 shares of the company’s stock valued at $484,410,000 after buying an additional 4,048,484 shares during the period. Atreides Management LP boosted its stake in Unity Software by 146.7% in the first quarter. Atreides Management LP now owns 9,430,955 shares of the company’s stock valued at $184,752,000 after acquiring an additional 5,607,572 shares during the last quarter. Norges Bank bought a new stake in shares of Unity Software during the 2nd quarter valued at $151,221,000. Finally, Geode Capital Management LLC raised its position in shares of Unity Software by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 5,064,703 shares of the company’s stock valued at $122,587,000 after acquiring an additional 36,105 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

About Unity Software

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.