Insider Selling: Unity Software (NYSE:U) SVP Sells $46,770.24 in Stock

Key Points

• Unity Software SVP Rebecca Berenice Boyden sold 1,032 shares at an average price of $45.32, totaling $46,770.24. The sale covered tax withholding tied to vested equity awards, leaving her with 308,413 shares.
• Unity shares fell 1.9% to $44.15 during mid-day trading, while the company reported quarterly revenue of $546.47 million—up 24% year over year—and adjusted earnings of $0.28 per share, beating analyst expectations.
• Analyst sentiment remains positive: Unity has a “Moderate Buy” consensus rating and a $45.16 average price target, while institutional investors own 73.46% of the company.

Unity Software Inc. (NYSE:U - Get Free Report) SVP Rebecca Berenice Boyden sold 1,032 shares of Unity Software stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $45.32, for a total transaction of $46,770.24. Following the completion of the transaction, the senior vice president directly owned 308,413 shares in the company, valued at approximately $13,977,277.16. This trade represents a 0.33% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Unity Software Trading Down 1.9%

Shares of NYSE:U traded down $0.84 during mid-day trading on Wednesday, hitting $44.15. The stock had a trading volume of 8,948,073 shares, compared to its average volume of 13,149,727. 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 cap of $19.43 billion, a PE ratio of -32.46, a P/E/G ratio of 1.97 and a beta of 2.04. Unity Software Inc. has a 12-month low of $16.78 and a 12-month high of $52.15. The company's 50 day moving average is $34.18 and its 200-day moving average is $27.35.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data 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. Unity Software had a negative net margin of 28.97% and a positive return on equity of 4.64%. The firm had revenue of $546.47 million for the quarter, compared to analysts' expectations of $514.72 million. During the same period in the previous year, the company posted $0.18 EPS. The company's quarterly revenue was up 24.0% compared to the same quarter last year. On average, sell-side analysts predict that Unity Software Inc. will post 0.55 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of U. Vanguard Group Inc. increased its position in Unity Software by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 35,553,296 shares of the company's stock worth $1,570,389,000 after purchasing an additional 996,685 shares during the period. Wellington Management Group LLP boosted its stake in Unity Software by 58.7% during the 3rd quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company's stock worth $729,284,000 after acquiring an additional 6,734,285 shares during the last quarter. California State Teachers Retirement System grew its holdings in Unity Software by 2,948.2% during the second quarter. California State Teachers Retirement System now owns 11,202,931 shares of the company's stock valued at $320,180,000 after purchasing an additional 10,835,410 shares during the period. Atreides Management LP acquired a new stake in Unity Software in the second quarter worth $292,826,000. Finally, Geode Capital Management LLC grew its holdings in shares of Unity Software by 5.9% in the 4th quarter. Geode Capital Management LLC now owns 5,852,047 shares of the company's stock valued at $258,547,000 after buying an additional 328,595 shares during the period. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

U has been the topic of several recent analyst reports. Wells Fargo & Company upped their price target on Unity Software from $36.00 to $48.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Zacks Research raised Unity Software from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 13th. Bank of America upgraded shares of Unity Software from a "neutral" rating to a "buy" rating and raised their price target for the stock from $30.00 to $50.00 in a report on Friday, August 7th. Citizens Jmp raised their price objective on Unity Software from $37.00 to $45.00 and gave the company a "market outperform" rating in a research note on Friday, August 7th. Finally, BTIG Research upped their target price on Unity Software from $43.00 to $51.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Unity Software has an average rating of "Moderate Buy" and a consensus target price of $45.16.

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.

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