Matthew Bromberg Sells 138,993 Shares of Unity Software (NYSE:U) Stock

Unity Software Inc. (NYSE:U) CEO Matthew Bromberg sold 138,993 shares of Unity Software stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total transaction of $3,777,829.74. Following the transaction, the chief executive officer owned 1,557,514 shares of the company’s stock, valued at $42,333,230.52. The trade was a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Unity Software Stock Up 1.5%

U stock opened at $30.40 on Friday. Unity Software Inc. has a twelve month low of $16.78 and a twelve month high of $52.15. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. The firm has a market cap of $13.27 billion, a PE ratio of -19.36, a price-to-earnings-growth ratio of 3.83 and a beta of 2.04. The business has a 50 day moving average of $24.41 and a 200 day moving average of $31.44.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on U shares. The Goldman Sachs Group decreased their target price on shares of Unity Software from $47.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. 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. Wall Street Zen downgraded shares of Unity Software from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Needham & Company LLC boosted their price objective on shares of Unity Software from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Morgan Stanley upped their price objective on Unity Software from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Unity Software has a consensus rating of “Moderate Buy” and an average target price of $38.77.

More Unity Software News

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

• Positive Sentiment: Several recent reports say Unity’s earnings estimates are moving higher, and analysts still see upside from current levels, helping support the stock’s recent strength. Earnings Estimates Moving Higher for Unity Software (U): Time to Buy?
• Positive Sentiment: Unity has also drawn attention as a momentum name, with coverage highlighting continued long-term growth potential and improving sentiment around the shares. Why Unity Software Inc. (U) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: Hayden Capital said it added Unity on a pullback in its Q1 letter, which may provide some support, but the commentary was more about portfolio positioning than a direct catalyst. What Makes Unity (U) an Investment Choice?
• Neutral Sentiment: Coverage on Unity’s AI expansion kept the company in the conversation, but it was largely thematic and did not appear to be a fresh fundamental driver. Unity AI Expansion Keeps Software Markets Watching Closely
• Negative Sentiment: Multiple executives, including the CEO, CFO, COO, CAO, and SVP, filed insider sales. The company said the transactions were for tax withholding related to equity vesting, but the broad selling may still weigh on sentiment. CEO Form 4 filing

Institutional Trading of Unity Software

A number of large investors have recently made changes to their positions in U. REAP Financial Group LLC bought a new position in Unity Software during the fourth quarter valued at approximately $28,000. Root Financial Partners LLC bought a new stake in Unity Software in the 3rd quarter worth approximately $27,000. V Square Quantitative Management LLC purchased a new stake in Unity Software during the 4th quarter valued at $30,000. Larson Financial Group LLC raised its stake in Unity Software by 88.1% during the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after buying an additional 341 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Unity Software during the 4th quarter valued at $36,000. 73.46% of the stock is currently owned by institutional investors.

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.