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SAN FRANCISCO—The Felix, Senior Vice President of Product & Technology, Grow at Unity Software Inc . (NYSE:U), has recently sold a significant portion of common stock. According to a filing with the Securities and Exchange Commission, Felix sold shares totaling $698,912. The transactions, executed on February 25, 2025, involved selling shares at prices ranging from $25.04 to $26.71.
The sales were made to cover tax withholding obligations related to the vesting of restricted stock units. This automatic sale, known as a "sell to cover," ensures the tax obligations are met without requiring discretionary trades by Felix. Following these transactions, Felix holds 364,467 shares of Unity Software (ETR:SOWGn). The company maintains a healthy financial position with a current ratio of 2.5, indicating strong liquidity to meet short-term obligations.
Unity Software, a leading platform for creating and operating real-time 3D content, continues to be a focal point for investors, with these transactions offering insight into executive stock activities. Analyst price targets range from $16 to $35 per share, reflecting mixed market sentiment. InvestingPro analysis reveals 8 additional key insights about Unity’s market position and growth prospects, available to subscribers along with a comprehensive Pro Research Report.
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 proceeds are intended to repurchase existing notes due in 2026 and fund general corporate purposes, including potential acquisitions. This financial maneuver has raised investor concerns about potential dilution and increased debt levels. Analysts have been adjusting their outlooks on Unity Software, with UBS raising the price target to $30 while maintaining a Neutral rating, reflecting cautious optimism about the company’s strategies. Needham has also increased its target to $33, maintaining a Buy rating and expressing confidence in a potential turnaround in Unity’s Grow business with the launch of a new product, Vector. Meanwhile, Stifel has raised its price target to $35, citing the company’s recent earnings release and promising updates to its advertising platform. Stifel analysts noted that Unity’s first-quarter guidance includes some uncertainty but could lead to potential outperformance if the Vector rollout proceeds as planned. These developments indicate a mixed but generally positive outlook from analysts regarding Unity Software’s financial strategies and future growth prospects.
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