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Tomer Bar-Zeev, a director at Unity Software Inc . (NYSE:U), recently sold 166,667 shares of the company’s common stock amid an 8% decline in the stock price over the past week. The stock, currently trading at $21.69, has shown significant volatility in recent months. The shares were sold at an average price of $20.99, generating a total of approximately $3.5 million. These transactions were executed as part of a pre-established Rule 10b5-1 trading plan, which Bar-Zeev adopted on September 6, 2024. According to InvestingPro data, Unity maintains strong liquidity with a current ratio of 2.41, indicating solid financial flexibility. Following the sale, Bar-Zeev holds 3,481,479 shares indirectly through Agathy Holdings Ltd. Additionally, 757,650 shares are held directly, with no recent transactions reported for these holdings. With Unity’s earnings report due in 20 days, InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report for deeper analysis of the company’s financial position.
In other recent news, Unity Software (ETR:SOWGn) has reported strong Q3 results, with revenue of $429 million and an adjusted EBITDA of $92 million, surpassing previous guidance. As a result, the company has raised its full-year revenue guidance to between $1.73 billion and $1.78 billion. JMP Securities has maintained its Market Perform rating on Unity Software, citing a stabilizing macroeconomic environment and expectations for reasonable 2025 performance. Meanwhile, Morgan Stanley (NYSE:MS) reiterated its Overweight rating and $24.00 price target for the company, expressing optimism about growth prospects in its advertising and Create segments. In a separate development, Unity Software’s shares saw a spike in bullish call options following a tweet by influential online figure Roaring Kitty. These are among the recent developments for Unity Software.
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