Unity Software (NYSE:U) CFO Sells $220,381.72 in Stock

Unity Software Inc. (NYSE:U) CFO Jarrod Yahes sold 12,196 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $18.07, for a total transaction of $220,381.72. Following the sale, the chief financial officer owned 533,933 shares in the company, valued at approximately $9,648,169.31. This trade represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Unity Software Stock Performance

NYSE:U opened at $18.14 on Monday. 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 simple moving average of $34.50 and a two-hundred day simple moving average of $38.58. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.52. The company has a market cap of $7.85 billion, a price-to-earnings ratio of -18.89, a price-to-earnings-growth ratio of 9.78 and a beta of 2.15.

Unity Software (NYSE:U) last released its earnings results on Wednesday, February 11th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $490.64 million. During the same period last year, the business posted ($0.30) earnings per share. Unity Software’s revenue was up 10.1% compared to the same quarter last year. As a group, equities analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on U shares. Citizens Jmp decreased their price target on shares of Unity Software from $50.00 to $37.00 and set a “market outperform” rating for the company in a research note on Thursday, February 12th. Piper Sandler upgraded shares of Unity Software from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $43.00 to $59.00 in a report on Thursday, December 11th. Morgan Stanley boosted their target price on shares of Unity Software from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. BTIG Research dropped their target price on Unity Software from $60.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Unity Software in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $39.52.

More Unity Software News

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

• Neutral Sentiment: Heightened investor attention reported by Zacks/Yahoo — more searches and coverage may increase volatility and trading volume in the short term. Investors Heavily Search Unity Software Inc. (U)
• Neutral Sentiment: Recent fundamentals: Unity reported a revenue and EPS beat in its Feb. 11 quarter and year‑over‑year revenue growth — positive operational context that may limit the durability of any sell‑off (background reporting).
• Negative Sentiment: COO Alexander Blum sold 2,541 shares on Feb. 27 at ~$18.76 (≈$47.7k), trimming his position by ~0.46%; SEC filing here. SEC Filing
• Negative Sentiment: COO Alexander Blum also sold 10,164 shares on Feb. 25 at ~$18.07 (~$183.7k), a ~1.81% cut to his holdings; same SEC filing as above. SEC Filing
• Negative Sentiment: CAO Mark Barrysmith sold 10,578 shares on Feb. 25 at ~$18.07 (~$191.1k), reducing his stake by ~2.68%; SEC filing here. SEC Filing
• Negative Sentiment: CFO Jarrod Yahes sold 12,196 shares on Feb. 25 at ~$18.07 (~$220.4k), cutting his holding by ~2.23%; SEC filing here. SEC Filing

Hedge Funds Weigh In On Unity Software

Hedge funds have recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. acquired a new stake in shares of Unity Software during the second quarter worth $205,000. Vanguard Group Inc. increased its stake in shares of Unity Software by 2.8% in the 3rd 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 last quarter. Austin Wealth Management LLC acquired a new stake in shares of Unity Software in the 2nd quarter valued at approximately $208,000. PNC Financial Services Group Inc. boosted its stake in Unity Software by 148.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 22,181 shares of the company’s stock worth $537,000 after acquiring an additional 13,245 shares during the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd grew its holdings in Unity Software by 43.6% during the third quarter. Broad Peak Investment Advisers Pte Ltd now owns 2,849,437 shares of the company’s stock valued at $114,091,000 after purchasing an additional 865,179 shares during the period. Institutional investors own 73.46% of the company’s stock.

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.