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SAN FRANCISCO—Anirma Gupta, the Senior Vice President and Chief Legal Officer of Unity Software Inc . (NYSE:U), has sold shares worth approximately $805,935, according to a filing with the Securities and Exchange Commission dated February 25, 2025. The transaction comes as Unity, currently valued at approximately $11 billion, has seen its stock surge nearly 20% in the past week.
The transactions involved the sale of a total of 31,948 shares of Unity Software (ETR:SOWGn)’s common stock. These shares were sold at prices ranging from $24.82 to $26.56 per share. The sales were conducted to cover tax withholding obligations related to the vesting of restricted stock units, as detailed in the filing. Following these transactions, Gupta retains direct ownership of 542,942 shares in the company. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro subscribers can access detailed executive transaction histories and trading patterns.
Unity Software, a leading platform for creating and operating interactive, real-time 3D content, continues to be a significant player in the software industry, generating annual revenue of $1.8 billion. The company maintains strong liquidity with a current ratio of 2.5, indicating healthy short-term financial stability. According to InvestingPro analysis, Unity’s stock currently trades near its Fair Value. The company’s headquarters are located in San Francisco, California.
In other recent news, Unity Software 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 for repurchasing existing notes due in 2026 and general corporate purposes. Unity aims to minimize potential dilution through capped call transactions, which could influence the stock’s market price. Meanwhile, UBS raised Unity’s price target to $30, maintaining a Neutral rating, citing cautious optimism about Unity’s AI/ML strategies and the adoption of Unity 6. Needham increased its price target to $33, maintaining a Buy rating, and expressed optimism about Unity’s Grow business with the upcoming launch of a product called Vector. Stifel also raised its price target to $35, reaffirming a Buy rating after Unity’s fourth-quarter earnings and guidance for the first quarter. Stifel analysts highlighted the potential for Unity to outperform expectations if the launch of Vector progresses as planned.
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