Unity Software (NYSE:U) CFO Jarrod Yahes Sells 24,021 Shares of Stock

Unity Software Inc. (NYSE:U) CFO Jarrod Yahes sold 24,021 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $652,890.78. Following the transaction, the chief financial officer directly owned 704,360 shares in the company, valued at approximately $19,144,504.80. The trade was a 3.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jarrod Yahes also recently made the following trade(s):

• On Thursday, March 5th, Jarrod Yahes sold 6,205 shares of Unity Software stock. The stock was sold at an average price of $21.03, for a total transaction of $130,491.15.

Unity Software Stock Performance

Shares of U stock opened at $29.89 on Friday. The company has a 50 day moving average price of $24.19 and a 200-day moving average price of $31.44. Unity Software Inc. has a 52 week low of $16.78 and a 52 week high of $52.15. The firm has a market capitalization of $13.05 billion, a PE ratio of -19.04, a P/E/G ratio of 3.55 and a beta of 2.04. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Citizens Jmp reaffirmed a “market outperform” rating and set a $37.00 price target on shares of Unity Software in a report on Friday, March 27th. BTIG Research lifted their price target on shares of Unity Software from $39.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Citigroup lowered their price target on shares of Unity Software from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. UBS Group lifted 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. Finally, Bank of America lifted their price target on shares of Unity Software from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $38.77.

Unity Software News Summary

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

Hedge Funds Weigh In On Unity Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in U. Segall Bryant & Hamill LLC purchased a new stake in Unity Software during the first quarter valued at $1,984,000. Edgestream Partners L.P. purchased a new stake in Unity Software during the first quarter valued at $1,006,000. Amundi raised its stake in Unity Software by 74.0% during the first quarter. Amundi now owns 2,229,427 shares of the company’s stock valued at $48,914,000 after purchasing an additional 948,266 shares in the last quarter. California State Teachers Retirement System raised its stake in Unity Software by 22.2% during the first quarter. California State Teachers Retirement System now owns 367,521 shares of the company’s stock valued at $8,063,000 after purchasing an additional 66,785 shares in the last quarter. Finally, Readystate Asset Management LP purchased a new stake in Unity Software during the first quarter valued at $2,185,000. 73.46% of the stock is 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.