Key Points
- CAO Kevin Radigan sold 350 shares on Nov. 12 at an average price of $576.58 for a $201,803 transaction, cutting his ownership by 11.23% to 2,768 shares (≈$1.596M).
- Ubiquiti beat expectations with quarterly EPS of $3.46 versus a $2.48 consensus and revenue of $733.77M (consensus $702.38M), alongside a 27.66% net margin and 166.22% ROE.
- The company declared a quarterly dividend of $0.80 (ex-dividend Nov. 17, payable Nov. 24) — shares traded near $558, with a 52‑week range of $255–$803.59 and a market cap of $33.78B.
Ubiquiti Inc. (NYSE:UI - Get Free Report) CAO Kevin Radigan sold 350 shares of the company's stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $576.58, for a total transaction of $201,803.00. Following the completion of the transaction, the chief accounting officer owned 2,768 shares of the company's stock, valued at approximately $1,595,973.44. The trade was a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Ubiquiti Price Performance
Shares of UI stock traded up $0.67 on Friday, hitting $558.32. 157,195 shares of the stock traded hands, compared to its average volume of 134,148. Ubiquiti Inc. has a 52 week low of $255.00 and a 52 week high of $803.59. The firm has a 50 day simple moving average of $674.30 and a two-hundred day simple moving average of $511.03. The firm has a market cap of $33.78 billion, a price-to-earnings ratio of 47.44 and a beta of 1.50.
Ubiquiti (NYSE:UI - Get Free Report) last issued its earnings results on Friday, November 7th. The company reported $3.46 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.98. The company had revenue of $733.77 million during the quarter, compared to the consensus estimate of $702.38 million. Ubiquiti had a net margin of 27.66% and a return on equity of 166.22%. Sell-side analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current year.
Ubiquiti Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 17th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a yield of 0.6%. Ubiquiti's payout ratio is currently 24.46%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in UI. Brooklyn Investment Group grew its position in Ubiquiti by 78.8% in the first quarter. Brooklyn Investment Group now owns 93 shares of the company's stock worth $29,000 after acquiring an additional 41 shares in the last quarter. Cullen Frost Bankers Inc. lifted its stake in shares of Ubiquiti by 1,075.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 94 shares of the company's stock valued at $39,000 after purchasing an additional 86 shares during the last quarter. Main Street Group LTD bought a new stake in shares of Ubiquiti in the 2nd quarter valued at approximately $41,000. Exchange Traded Concepts LLC boosted its holdings in shares of Ubiquiti by 31.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 76 shares of the company's stock worth $50,000 after purchasing an additional 18 shares during the period. Finally, Iron Horse Wealth Management LLC bought a new position in shares of Ubiquiti during the 2nd quarter valued at approximately $54,000. Institutional investors own 4.00% of the company's stock.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. UBS Group set a $600.00 price target on Ubiquiti in a research note on Monday, August 25th. Zacks Research lowered shares of Ubiquiti from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 4th. Wall Street Zen downgraded shares of Ubiquiti from a "buy" rating to a "hold" rating in a report on Saturday. BWS Financial restated a "buy" rating and set a $720.00 price objective on shares of Ubiquiti in a research report on Tuesday. Finally, Barclays boosted their target price on Ubiquiti from $299.00 to $455.00 and gave the stock an "underweight" rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $591.67.
Read Our Latest Stock Analysis on UI
Ubiquiti Company Profile
(
Get Free Report)
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.
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