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Alexander Blum, the Senior Vice President and Chief Operating Officer at Unity Software Inc . (NYSE:U), recently sold shares of the company in transactions valued at approximately $37,353. According to the latest SEC Form 4 filing, Blum sold a total of 1,479 shares on February 25, 2025. The shares were sold at prices ranging from $25.08 to $26.71 per share. The transaction comes as Unity’s stock shows significant momentum, with a 19.5% return over the past week and a 44.8% gain over the last six months, according to InvestingPro data.
These transactions were made to cover tax withholding obligations related to the vesting of restricted stock units and were executed automatically under a "sell to cover" arrangement. This process does not involve discretionary trading by Blum. Unity operates with a moderate level of debt and maintains strong liquidity, with a current ratio of 2.5x indicating healthy short-term financial stability.
Following these sales, Blum retains ownership of 495,732 shares of Unity Software (ETR:SOWGn). While the company is not currently profitable, InvestingPro analysis shows analysts expect profitability this year, with 8 additional exclusive insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, Unity Software announced plans to offer $500 million in convertible senior notes due in 2030. The proceeds are intended to finance the repurchase of existing notes due in 2026 and support general corporate purposes, including potential acquisitions. This move has raised concerns among investors about potential stock dilution and increased debt levels. Meanwhile, several analysts have adjusted their outlooks on Unity Software. UBS raised its price target to $30, maintaining a Neutral rating, while highlighting cautious optimism about Unity’s strategies. Needham increased its target to $33, maintaining a Buy rating, and expressed expectations of a turnaround in Unity’s Grow business. Stifel also raised its price target to $35, reaffirming a Buy rating, following Unity’s earnings release and guidance that featured the upcoming advertising platform update, Vector. These developments collectively reflect a mix of investor caution and analyst optimism regarding Unity Software’s future prospects.
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