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David Helgason, a director at Unity Software Inc . (NYSE:U), recently made notable stock transactions involving the sale of company shares. According to a Form 4 filing with the Securities and Exchange Commission, Helgason sold a total of 116,772 shares of Unity Software (ETR:SOWGn)’s common stock over three days, from February 26 to February 28, 2025. The stock, which trades with significant daily volume averaging 12 million shares, has shown considerable volatility lately, as highlighted by InvestingPro data. The sales were executed at prices ranging from $25.536 to $27.2353 per share, amounting to a total transaction value of approximately $3.07 million.
The sales were conducted under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell stocks. Following these transactions, Helgason holds approximately 7,750,646 shares indirectly through investment vehicles he owns and controls. These transactions provide insights into the trading activities of company insiders and are closely monitored by investors.
In other recent news, Unity Software has announced plans to offer $500 million in convertible senior notes due in 2030, with an option for an additional $75 million. The company intends to use the proceeds to repurchase its 0% Convertible Senior Notes due in 2026 and for general corporate purposes. This move has raised concerns among investors about potential share dilution and increased debt levels. Meanwhile, several analyst firms have adjusted their outlook on Unity Software. UBS raised its price target to $30 while maintaining a Neutral rating, noting cautious optimism regarding Unity’s strategies and AI/ML model developments. Needham increased its price target to $33 and maintained a Buy rating, expressing optimism about a potential turnaround in Unity’s Grow business. Stifel also raised its price target to $35, reaffirming a Buy rating, following Unity’s fourth-quarter earnings and first-quarter guidance, highlighting the upcoming Vector advertising platform update. These developments reflect varying levels of confidence among analysts regarding Unity’s future performance and strategic initiatives.
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