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SAN FRANCISCO—Sisco Daly Robynne, a director at Unity Software Inc . (NYSE:U), recently sold 14,700 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a price of $30.00 each, totaling approximately $441,000.
Following this transaction, Robynne holds 10,493 shares of Unity Software (ETR:SOWGn). The sale was executed under a Rule 10b5-1 trading plan, which was adopted on March 5, 2024. These plans allow company insiders to set up a predetermined schedule for selling stocks to avoid concerns about insider trading. With a market capitalization of $11.46 billion and a beta of 2.32, Unity shows relatively high volatility. For deeper insights into Unity’s valuation and 12 additional ProTips, explore InvestingPro’s comprehensive research report.
In other recent news, Unity Software has been the subject of several analyst updates and strategic developments. Stifel analysts raised their price target for Unity Software to $35, following the company’s fourth-quarter earnings and first-quarter guidance. The firm maintained a Buy rating, expressing confidence in Unity’s growth trajectory and its upcoming advertising platform update, Vector. Similarly, Needham increased its price target to $33, maintaining a Buy rating, with expectations for a turnaround in Unity’s Grow business. UBS also raised its target to $30, while keeping a Neutral rating, citing cautious optimism about Unity’s AI/ML strategies and the adoption of Unity 6.
Meanwhile, Unity Software has entered a collaboration with Toyota (NYSE:TM) to develop a next-generation Graphical User Interface (NASDAQ:TILE) for the automaker’s in-car systems. This partnership aims to enhance the in-car experience using Unity’s real-time 3D technology. JMP Securities maintained a Market Perform rating on Unity Software, noting a stable outlook and reasonable expectations for 2025, despite some reservations about competition with larger firms like AppLovin (NASDAQ:APP). These developments reflect Unity Software’s ongoing efforts to expand its reach and adapt its strategies in a competitive market.
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