SAN FRANCISCO—The Felix, Senior Vice President of Product & Technology, Grow at Unity Software Inc . (NYSE:U), recently executed a significant stock sale. According to a filing with the Securities and Exchange Commission, The Felix sold 20,000 shares of Unity common stock on December 6, 2024. The shares were sold at a weighted average price of $27.43, amounting to a total transaction value of approximately $548,600.
Following this transaction, The Felix retains ownership of 391,960 shares of Unity Software (ETR:SOWGn). The sale was conducted through multiple transactions, with the share prices ranging from $27.36 to $27.53.
In other recent news, GameStop Corp (NYSE:GME). and AMC Entertainment (NYSE:AMC) Holdings Inc. experienced a significant surge in shares following a tweet from online influencer Roaring Kitty. This movement in the stocks was reminiscent of the meme-stock frenzy of January 2021. Unity Software Inc . also saw a spike in bullish call options, reaching its highest volume since September 24.
In the meantime, Unity Software has maintained its Overweight rating and $24.00 price target by Morgan Stanley (NYSE:MS), reflecting an optimistic outlook for the company's growth prospects, particularly in its advertising and Create segments. CEO Matt Bromberg discussed the 2025 launch of a new advertising model that is expected to significantly impact the company's Grow business.
Unity Software 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 of $415 million to $420 million. Unity's adjusted EBITDA reached $92 million, exceeding the expected $75 million to $80 million. The company's full-year revenue guidance has been increased to between $1.73 billion and $1.78 billion, with adjusted EBITDA guidance also rising to $363 million to $368 million. 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.
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