Insider Selling: Unity Software (NYSE:U) COO Sells $47,669.16 in Stock

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 2,541 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $18.76, for a total value of $47,669.16. Following the sale, the chief operating officer owned 548,425 shares of the company’s stock, valued at approximately $10,288,453. This trade represents a 0.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Alexander Blum also recently made the following trade(s):

• On Wednesday, February 25th, Alexander Blum sold 10,164 shares of Unity Software stock. The shares were sold at an average price of $18.07, for a total value of $183,663.48.

Unity Software Stock Performance

Unity Software stock opened at $18.14 on Monday. The stock has a market cap of $7.85 billion, a P/E ratio of -18.89, a price-to-earnings-growth ratio of 9.78 and a beta of 2.15. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average of $34.50 and a 200-day moving average of $38.58. Unity Software Inc. has a 52 week low of $15.33 and a 52 week high of $52.15.

Unity Software (NYSE:U) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The business had revenue of $503.09 million during the quarter, compared to analyst estimates of $490.64 million. Unity Software had a negative net margin of 21.77% and a negative return on equity of 4.76%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.30) earnings per share. On average, analysts expect that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Unity Software News Summary

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in Unity Software by 10.8% in the third quarter. GAMMA Investing LLC now owns 2,967 shares of the company’s stock worth $119,000 after buying an additional 288 shares during the period. Newbridge Financial Services Group Inc. boosted its holdings in shares of Unity Software by 12.9% during the third quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company’s stock valued at $108,000 after acquiring an additional 308 shares during the period. Xponance Inc. grew its position in shares of Unity Software by 1.8% during the third quarter. Xponance Inc. now owns 18,291 shares of the company’s stock worth $732,000 after acquiring an additional 328 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Unity Software by 88.1% during the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after acquiring an additional 341 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Unity Software by 28.4% in the 2nd quarter. Allworth Financial LP now owns 1,865 shares of the company’s stock worth $45,000 after acquiring an additional 412 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analyst Upgrades and Downgrades

U has been the subject of a number of research reports. Citizens Jmp decreased their price target on 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 raised Unity Software from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $43.00 to $59.00 in a report on Thursday, December 11th. Wells Fargo & Company decreased their target price on Unity Software from $54.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Citigroup reduced their price objective on Unity Software from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Finally, Arete Research upgraded shares of Unity Software from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $39.52.

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.