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SAN FRANCISCO—Tomer Bar-Zeev, a director at Unity Software Inc . (NYSE:U), recently executed a significant stock sale, according to a filing with the Securities and Exchange Commission. On April 1, Bar-Zeev sold a total of 166,667 shares of Unity Software (ETR:SOWGn)’s common stock. The shares were sold at prices ranging from $20.04 to $20.40 per share, amounting to approximately $3.34 million in total. The stock currently trades at $21.13, with Unity commanding a market capitalization of $8.65 billion. Analyst price targets range from $20.50 to $35.00 per share.
These transactions were conducted under a Rule 10b5-1 trading plan that Bar-Zeev adopted on September 6, 2024. Following these sales, Bar-Zeev holds 2,981,479 shares indirectly through Agathy Holdings Ltd., where both he and his spouse, Yuli Bar-Zeev, serve as directors. According to InvestingPro analysis, Unity appears slightly undervalued based on its Fair Value calculations, with strong liquidity shown by a current ratio of 2.5.
Unity Software, headquartered in San Francisco, is known for its platform that enables the creation and operation of interactive, real-time 3D content. The company generated $1.81 billion in revenue over the last twelve months. Get comprehensive insights and 8 additional key ProTips for Unity with InvestingPro’s detailed research report.
In other recent news, Unity Software has announced several key developments. The company plans to release Unity 6.1 in April 2025, aiming to enhance game development with improved performance and stability. This update will include broader platform support and new AI-powered workflows, benefiting developers with higher frame rates and smoother gameplay. Additionally, Unity Software has approved performance-based equity awards for its executives, tying their compensation to revenue and adjusted EBITDA goals over a three-year period.
Furthermore, Unity has announced a $500 million convertible notes offering, with an option for an additional $75 million. The proceeds are intended to repurchase existing notes and for general corporate purposes. UBS recently raised its price target for Unity Software to $30, maintaining a Neutral rating. The analyst highlighted Unity’s strategic moves, including its AI/ML model strategy, as promising yet requiring further evidence of success. These recent developments reflect Unity’s ongoing efforts to strengthen its financial position and expand its technological capabilities.
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