Unity Software's chief accounting officer sells $29,841 in stock

In a recent transaction, Barrysmith Mark, Senior Vice President and Chief Accounting Officer at Unity Software Inc . (NYSE:U), sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Mark sold 1,362 shares of Unity Software (ETR:SOWGn)'s common stock on January 16, 2025. The shares were sold at an average price of $21.91, amounting to a total transaction value of $29,841. According to InvestingPro data, Unity's stock has shown significant volatility, with the price currently trading near Fair Value levels. The company, valued at $8.7 billion, maintains a FAIR financial health score.

Following this sale, Mark retains ownership of 452,276 shares in the company. With Unity's next earnings report scheduled for January 30, 2025, InvestingPro reveals that six analysts have revised their earnings upwards for the upcoming period. The transaction was executed as part of a pre-established trading plan under Rule 10b5-1, which was adopted by Mark on September 12, 2024.

In other recent news, GameStop Corp (NYSE:GME). and AMC Entertainment (NYSE:AMC) Holdings Inc. saw a notable increase in their shares, triggered by a tweet from the online figure, Roaring Kitty. This led to a surge in the stocks of both companies, reminiscent of the meme-stock frenzy of January 2021. The tweet also instigated a flurry of options trading activity, particularly for Unity Software Inc . and Clear Secure Inc.

Unity Software, in separate news, has maintained its Overweight rating and $24.00 price target by Morgan Stanley (NYSE:MS). The firm's optimism is rooted in Unity's growth prospects, especially in its advertising and Create segments. The company's CEO, Matt Bromberg, discussed the anticipated launch of a new advertising model in 2025, which is expected to significantly impact the company's Grow business.

Unity has also reported strong Q3 results, leading to an upward revision of its full-year guidance. The company posted Q3 revenue of $429 million, surpassing the projected range. The company's adjusted EBITDA reached $92 million, exceeding the expected range. Unity's full-year revenue guidance has been increased to between $1.73 billion and $1.78 billion, with adjusted EBITDA guidance also rising.

These recent developments underline Unity's confidence in its growth trajectory and its commitment to expanding its presence in both gaming and non-gaming sectors. The company is focusing on enhancing tools and insights to expand its presence in these sectors.

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