EU and US could reach trade deal this weekend - Reuters
David Helgason, a director at Unity Software Inc . (NYSE:U), has recently sold a substantial portion of his holdings in the company. On February 21, 2025, Helgason sold 150,000 shares of Unity’s common stock at a weighted average price of $30.083 per share. The sale comes as Unity’s stock shows significant momentum, with a 58.5% return over the past six months and a market capitalization of $11.1 billion. According to InvestingPro analysis, the stock is currently trading near its Fair Value. The transaction, executed under a pre-established Rule 10b5-1 trading plan, amounted to a total value of approximately $4.51 million.
Following this sale, Helgason retains ownership of 7,867,418 shares indirectly through investment vehicles he owns and controls. Additionally, he directly holds 10,493 shares. The sales were conducted in multiple transactions with prices ranging from $30.00 to $30.24 per share.
In other recent news, Unity Software (ETR:SOWGn) 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 existing 0% Convertible Senior Notes due in 2026 and for general corporate purposes, including potential acquisitions. This move has raised concerns among investors about potential share dilution and increased debt levels. On the analyst front, UBS raised its price target for Unity Software to $30, maintaining a Neutral rating, while Needham increased its target to $33 and kept a Buy rating. Stifel also raised its price target to $35, reaffirming a Buy rating, following Unity’s release of its fourth-quarter earnings and first-quarter guidance. Analysts at Needham and Stifel expressed optimism about Unity’s upcoming advertising platform update, Vector, which is expected to enhance customer return on investment. UBS noted cautious optimism, emphasizing the potential of Unity’s AI/ML strategy and the adoption of Unity 6. These recent developments have positioned Unity Software as a focal point for investors monitoring its strategic and financial trajectory.
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