Rebecca Berenice Boyden Sells 952 Shares of Unity Software (NYSE:U) Stock

Key Points

• Unity Software SVP Rebecca Berenice Boyden sold 952 shares on May 26 at an average price of $27.20, totaling about $25,894. The company said the sale was to cover tax withholding tied to vested equity awards.
• U stock rose 7.7% to $29.89, with trading volume above average. The shares remain well below their 52-week high of $52.15, and the stock has been volatile with a beta of 2.04.
• Analyst sentiment remains mostly constructive, with recent price-target increases from firms like Needham, Morgan Stanley, Wedbush, and UBS. MarketBeat says the stock’s consensus rating is Moderate Buy with a consensus target of $38.77.

Unity Software Inc. (NYSE:U - Get Free Report) SVP Rebecca Berenice Boyden sold 952 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.20, for a total transaction of $25,894.40. Following the sale, the senior vice president directly owned 309,445 shares in the company, valued at $8,416,904. This trade represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Unity Software Stock Up 7.7%

U stock traded up $2.13 during trading on Thursday, hitting $29.89. 14,147,768 shares of the stock traded hands, compared to its average volume of 10,821,225. 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. 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 stock has a market cap of $13.05 billion, a price-to-earnings ratio of -19.04, a price-to-earnings-growth ratio of 3.55 and a beta of 2.04.

Trending Headlines about Unity Software

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

• Positive Sentiment: Analysts have been raising earnings estimates for Unity, and recent reports say the stock could still have meaningful upside from current levels. This kind of estimate momentum often supports buying interest. Earnings Estimates Moving Higher for Unity Software (U): Time to Buy?
• Positive Sentiment: Wall Street price-target coverage remains constructive, with analysts citing a sizable upside potential for Unity Software, reinforcing the bullish sentiment around the shares. Wall Street Analysts Think Unity Software (U) Could Surge 37.62%: Read This Before Placing a Bet
• Positive Sentiment: One report highlighted Unity’s AI expansion as a factor keeping the company in focus, which may be encouraging investors to view the business as a longer-term AI beneficiary. Unity AI Expansion Keeps Software Markets Watching Closely
• Neutral Sentiment: Multiple executives, including CEO Matthew S. Bromberg, CFO Jarrod Yahes, COO Alexander Blum, SVP Rebecca Berenice Boyden, and CAO Mark Barrysmith, sold shares recently. The company said the transactions were tied to tax withholding on vested equity awards, which makes the sales less alarming, but heavy insider selling can still be a mild overhang for sentiment. SEC filing for CEO sale

Institutional Trading of Unity Software

A number of institutional investors have recently made changes to their positions in U. Vanguard Group Inc. lifted its holdings in Unity Software by 2.8% during the third quarter. Vanguard Group Inc. now owns 34,556,611 shares of the company's stock valued at $1,383,647,000 after purchasing an additional 930,293 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Unity Software by 46.5% during the third quarter. Principal Financial Group Inc. now owns 211,686 shares of the company's stock valued at $8,476,000 after purchasing an additional 67,219 shares in the last quarter. ARK Investment Management LLC lifted its holdings in Unity Software by 10.8% during the third quarter. ARK Investment Management LLC now owns 976,973 shares of the company's stock valued at $39,118,000 after purchasing an additional 95,341 shares in the last quarter. Cinctive Capital Management LP purchased a new position in Unity Software during the third quarter valued at approximately $4,727,000. Finally, WINTON GROUP Ltd purchased a new position in Unity Software during the third quarter valued at approximately $11,918,000. Hedge funds and other institutional investors own 73.46% of the company's stock.

Analyst Upgrades and Downgrades

U has been the topic of a number of recent analyst reports. UBS Group increased their price target on shares of Unity Software from $26.00 to $28.00 and gave the company a "neutral" rating in a report on Tuesday, May 5th. Morgan Stanley increased their price target on shares of Unity Software from $30.00 to $32.00 and gave the company an "overweight" rating in a report on Friday, March 27th. Needham & Company LLC increased their price target on shares of Unity Software from $35.00 to $40.00 and gave the company a "buy" rating in a report on Friday, May 8th. Benchmark reiterated a "hold" rating on shares of Unity Software in a report on Monday, February 2nd. Finally, Wedbush increased their price target on shares of Unity Software from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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