Ubiquiti Inc. $UI Shares Sold by Willis Investment Counsel

Willis Investment Counsel reduced its position in Ubiquiti Inc. (NYSE:UI) by 47.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,622 shares of the company’s stock after selling 2,323 shares during the quarter. Willis Investment Counsel’s holdings in Ubiquiti were worth $1,732,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in UI. Goldman Sachs Group Inc. grew its stake in Ubiquiti by 33.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 33,836 shares of the company’s stock worth $10,494,000 after buying an additional 8,551 shares during the last quarter. Woodline Partners LP grew its stake in shares of Ubiquiti by 22.1% during the first quarter. Woodline Partners LP now owns 1,214 shares of the company’s stock worth $377,000 after acquiring an additional 220 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Ubiquiti by 12.9% during the first quarter. Jane Street Group LLC now owns 13,768 shares of the company’s stock valued at $4,270,000 after acquiring an additional 1,570 shares in the last quarter. Truist Financial Corp raised its position in shares of Ubiquiti by 16.6% in the 2nd quarter. Truist Financial Corp now owns 1,472 shares of the company’s stock valued at $606,000 after purchasing an additional 210 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of Ubiquiti by 2.5% during the second quarter. Valeo Financial Advisors LLC now owns 1,025 shares of the company’s stock worth $422,000 after purchasing an additional 25 shares during the period. 4.00% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ubiquiti news, CAO Kevin Radigan sold 350 shares of Ubiquiti stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $576.58, for a total transaction of $201,803.00. Following the sale, the chief accounting officer owned 2,768 shares of the company’s stock, valued at $1,595,973.44. The trade was a 11.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 93.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UI. Barclays raised their price target on shares of Ubiquiti from $299.00 to $455.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 11th. Zacks Research upgraded shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Wall Street Zen downgraded Ubiquiti from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ubiquiti in a research note on Monday, December 29th. Finally, BWS Financial restated a “buy” rating and issued a $720.00 price target on shares of Ubiquiti in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ubiquiti currently has an average rating of “Moderate Buy” and a consensus target price of $591.67.

Ubiquiti Trading Up 6.9%

Shares of Ubiquiti stock opened at $616.00 on Friday. Ubiquiti Inc. has a twelve month low of $255.00 and a twelve month high of $803.59. The firm’s 50-day moving average price is $563.06 and its 200 day moving average price is $577.91. The firm has a market capitalization of $37.27 billion, a PE ratio of 47.82 and a beta of 1.40.

Ubiquiti (NYSE:UI) last announced its earnings results on Friday, February 6th. The company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $1.07. The business had revenue of $814.87 million during the quarter, compared to analysts’ expectations of $716.95 million. Ubiquiti had a return on equity of 132.71% and a net margin of 28.72%.The business’s revenue was up 35.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.28 earnings per share. On average, sell-side analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Profile

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.