Unity Software (NYSE:U) CEO Sells $1,697,614.50 in Stock

Unity Software Inc. (NYSE:U) CEO Matthew Bromberg sold 41,025 shares of Unity Software stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $41.38, for a total transaction of $1,697,614.50. Following the transaction, the chief executive officer owned 1,192,541 shares of the company’s stock, valued at approximately $49,347,346.58. The trade was a 3.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Unity Software Stock Up 0.1%

Shares of NYSE:U opened at $42.50 on Friday. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $18.18 billion, a P/E ratio of -40.47 and a beta of 2.37. Unity Software Inc. has a 52-week low of $15.33 and a 52-week high of $46.94. The stock’s fifty day simple moving average is $38.95 and its 200-day simple moving average is $34.09.

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

Institutional Investors Weigh In On Unity Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted 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 purchasing an additional 930,293 shares in the last quarter. Slate Path Capital LP raised 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. Wellington Management Group LLP lifted its position in Unity Software by 58.7% during the third quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company’s stock valued at $729,284,000 after buying an additional 6,734,285 shares in the last quarter. Atreides Management LP grew its stake in Unity Software by 146.7% during the first quarter. Atreides Management LP now owns 9,430,955 shares of the company’s stock worth $184,752,000 after buying an additional 5,607,572 shares during the period. Finally, Norges Bank acquired a new stake in shares of Unity Software in the second quarter worth $151,221,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

U has been the subject of several analyst reports. Arete Research raised Unity Software to a “hold” rating in a research note on Thursday, October 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unity Software in a research note on Wednesday, October 8th. Wedbush raised their price target on Unity Software from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. UBS Group lifted their price target on Unity Software from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, October 20th. Finally, HSBC lowered shares of Unity Software from a “buy” rating to a “hold” rating and increased their price objective for the stock from $37.50 to $40.80 in a report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $38.52.

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.