Unity Software (NYSE:U) SVP Rebecca Berenice Boyden Sells 952 Shares
by Doug Wharley · The Cerbat GemUnity Software Inc. (NYSE:U – Get Free Report) SVP Rebecca Berenice Boyden sold 952 shares of Unity Software stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $27.20, for a total transaction of $25,894.40. Following the transaction, the senior vice president directly owned 309,445 shares in the company, valued at $8,416,904. This represents a 0.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 traded up $2.13 during trading hours on Thursday, hitting $29.89. 14,147,768 shares of the stock traded hands, compared to its average volume of 10,821,225. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. Unity Software Inc. has a 1 year low of $16.78 and a 1 year high of $52.15. The company 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. The stock has a 50 day moving average price of $24.19 and a 200 day moving average price of $31.44.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. UBS Group boosted their target price on shares of Unity Software from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. The Goldman Sachs Group reduced their price target on shares of Unity Software from $47.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Needham & Company LLC lifted 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. Wedbush lifted 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. Finally, Barclays lifted their price target on shares of Unity Software from $28.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Unity Software currently has an average rating of “Moderate Buy” and a consensus price target of $38.77.
Read Our Latest Report on Unity Software
More Unity Software News
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 Investors Weigh In On Unity Software
Hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new stake in Unity Software during the third quarter valued at $27,000. REAP Financial Group LLC purchased a new stake in Unity Software during the fourth quarter valued at $28,000. Larson Financial Group LLC raised its stake in Unity Software by 88.1% during the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after purchasing an additional 341 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Unity Software during the fourth quarter valued at $30,000. Finally, IFP Advisors Inc purchased a new stake in Unity Software during the third quarter valued at $33,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Unity Software
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying