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SAN FRANCISCO—Barrysmith Mark, the Chief Accounting Officer at Unity Software Inc . (NYSE:U), recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Mark sold 1,595 shares of Unity’s common stock on April 16, 2025. The shares were sold at a price of $18.43 each, totaling approximately $29,395. The transaction occurred as Unity, currently valued at $7.9 billion, trades below its InvestingPro Fair Value with a "FAIR" financial health rating.
Following this transaction, Mark retains ownership of 481,822 shares in the company. The sale was conducted under a Rule 10b5-1 trading plan, which Mark adopted on September 12, 2024. This plan allows company insiders to set up a predetermined schedule for selling stocks to avoid concerns about insider trading. InvestingPro analysis reveals the company maintains strong liquidity with a current ratio of 2.5, while analysts have set price targets ranging from $16 to $35. Discover more insights and 6 additional ProTips with an InvestingPro subscription.
In other recent news, Unity Software (ETR:SOWGn) has announced the release of its Unity 6.1 update, expected in April 2025. This update promises improvements in performance, stability, and platform support, alongside new AI-powered workflows, which are anticipated to enhance game development processes. Additionally, Unity Software has granted performance-based stock units to its executive officers, linking these awards to the company’s revenue and adjusted EBITDA goals over a three-year period. Meanwhile, UBS has revised its price target for Unity Software to $22 from $30, maintaining a Neutral rating due to limited feedback on the company’s new Vector algorithm. In contrast, JMP analysts have upheld a Market Outperform rating with a $30 target, reflecting confidence in Unity’s potential within the growing gaming industry. Furthermore, Unity Software has announced the resignations of board members Michelle K. Lee and David Kostman, effective June 9, 2025, with no reported disagreements with management. These developments provide investors with key insights into Unity Software’s strategic direction and financial outlook.
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