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

Unity Software Inc. (NYSE:U) SVP Rebecca Berenice Boyden sold 952 shares of Unity Software stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $27.20, for a total value of $25,894.40. Following the completion of the sale, the senior vice president owned 309,445 shares of the company’s stock, valued at $8,416,904. The trade was a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a 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 Price Performance

NYSE U opened at $29.89 on Friday. Unity Software Inc. has a one year low of $16.78 and a one year high of $52.15. The stock has a 50-day moving average of $24.19 and a 200 day moving average of $31.44. The company has a market capitalization of $13.05 billion, a price-to-earnings ratio of -19.04, a PEG ratio of 3.55 and a beta of 2.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.95 and a current ratio of 1.95.

Key Unity Software News

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

• Positive Sentiment: Wall Street analysts and Zacks-related coverage highlighted rising earnings estimates for Unity Software, while consensus price targets suggest meaningful upside, reinforcing the recent upward move in the shares. Wall Street Analysts Think Unity Software (U) Could Surge 37.62%: Read This Before Placing a Bet
• Positive Sentiment: Another report said Unity shares have started gaining and could continue higher near term as earnings estimate revisions remain solid, which is helping sentiment around the stock. Earnings Estimates Moving Higher for Unity Software (U): Time to Buy?
• Neutral Sentiment: Coverage on Unity’s AI expansion is keeping the company in focus, but the article appears more thematic than a direct catalyst for near-term fundamentals. Unity AI Expansion Keeps Software Markets Watching Closely
• Negative Sentiment: CEO Matthew S. Bromberg, CFO Jarrod Yahes, COO Alexander Blum, CAO Mark Barrysmith, and SVP Rebecca Berenice Boyden all reported stock sales tied to tax withholding on equity vesting. While routine, the size and breadth of the sales may weigh on sentiment. CEO Form 4 filing

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC bought a new position in shares of Unity Software in the third quarter worth about $27,000. REAP Financial Group LLC bought a new position in shares of Unity Software in the fourth quarter worth about $28,000. Larson Financial Group LLC raised its stake in shares of Unity Software by 88.1% in the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after buying an additional 341 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Unity Software in the fourth quarter worth about $30,000. Finally, IFP Advisors Inc bought a new position in shares of Unity Software in the third quarter worth about $33,000. Institutional investors own 73.46% of the company’s stock.

Wall Street Analyst Weigh In

U has been the subject of several research analyst reports. Benchmark reiterated a “hold” rating on shares of Unity Software in a report on Monday, February 2nd. Needham & Company LLC lifted their price objective on Unity Software from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, May 8th. BTIG Research raised their target price on Unity Software from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. The Goldman Sachs Group dropped their target price on Unity Software from $47.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. Finally, Citigroup dropped their target price on Unity Software from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Unity Software presently has an average rating of “Moderate Buy” and an average price target of $38.77.

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.