Walleye Capital LLC Purchases Shares of 51,332 Ubiquiti Inc. $UI

Walleye Capital LLC acquired a new position in shares of Ubiquiti Inc. (NYSE:UI) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 51,332 shares of the company’s stock, valued at approximately $27,413,000.

Other institutional investors have also recently bought and sold shares of the company. Vision Retirement LLC acquired a new position in shares of Ubiquiti during the first quarter valued at about $25,000. Quarry LP bought a new stake in shares of Ubiquiti during the third quarter worth about $34,000. CIBC Private Wealth Group LLC raised its holdings in shares of Ubiquiti by 238.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock worth $39,000 after acquiring an additional 50 shares during the last quarter. Cherry Tree Wealth Management LLC raised its holdings in shares of Ubiquiti by 50.0% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 75 shares of the company’s stock worth $42,000 after acquiring an additional 25 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its holdings in shares of Ubiquiti by 216.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 79 shares of the company’s stock worth $44,000 after acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Price Performance

Shares of UI stock opened at $573.98 on Friday. The firm has a 50-day moving average of $552.26 and a 200-day moving average of $689.04. Ubiquiti Inc. has a one year low of $380.00 and a one year high of $1,099.99. The company has a market cap of $34.74 billion, a P/E ratio of 36.89 and a beta of 1.31.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on UI. Wall Street Zen cut shares of Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. BWS Financial reissued a “buy” rating and set a $980.00 price objective on shares of Ubiquiti in a report on Wednesday, July 8th. Barclays increased their price objective on Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a research note on Monday, May 11th. Weiss Ratings lowered Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Finally, Zacks Research raised Ubiquiti from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $750.67.

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.