Insider Selling: Ubiquiti Inc. (NYSE:UI) CAO Sells 1,000 Shares of Stock

Ubiquiti Inc. (NYSE:UI) CAO Kevin Radigan sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total transaction of $347,990.00. Following the transaction, the chief accounting officer now directly owns 2,484 shares of the company’s stock, valued at approximately $864,407.16. This trade represents a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ubiquiti Stock Down 0.3 %

Shares of UI opened at $342.28 on Friday. The firm has a market cap of $20.70 billion, a PE ratio of 52.98 and a beta of 1.14. The company’s fifty day moving average is $369.41 and its two-hundred day moving average is $286.61. Ubiquiti Inc. has a fifty-two week low of $104.24 and a fifty-two week high of $469.98. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 2.80.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. During the same period last year, the firm posted $1.36 EPS. Analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th will be issued a $0.60 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.70%. Ubiquiti’s dividend payout ratio (DPR) is presently 32.61%.

Hedge Funds Weigh In On Ubiquiti

A number of hedge funds have recently made changes to their positions in UI. Huntington National Bank lifted its holdings in shares of Ubiquiti by 267.6% during the 3rd quarter. Huntington National Bank now owns 125 shares of the company’s stock valued at $28,000 after acquiring an additional 91 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Ubiquiti by 47.0% during the 4th quarter. Farther Finance Advisors LLC now owns 122 shares of the company’s stock worth $40,000 after purchasing an additional 39 shares during the period. Venturi Wealth Management LLC boosted its position in Ubiquiti by 71.1% during the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company’s stock worth $43,000 after purchasing an additional 54 shares during the period. Raleigh Capital Management Inc. purchased a new stake in Ubiquiti during the 3rd quarter worth $47,000. Finally, Blue Trust Inc. boosted its position in Ubiquiti by 78.8% during the 4th quarter. Blue Trust Inc. now owns 143 shares of the company’s stock worth $47,000 after purchasing an additional 63 shares during the period. Institutional investors and hedge funds own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. BWS Financial reaffirmed a “buy” rating and issued a $440.00 target price on shares of Ubiquiti in a research note on Monday, February 10th. Barclays lowered their target price on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating for the company in a research note on Monday, February 10th. Finally, StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.