Ubiquiti Inc. (NYSE:UI) Shares Sold by Lagoda Investment Management L.P.

Lagoda Investment Management L.P. lessened its stake in Ubiquiti Inc. (NYSE:UI) by 17.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,365 shares of the company’s stock after selling 4,552 shares during the period. Ubiquiti accounts for approximately 3.8% of Lagoda Investment Management L.P.’s portfolio, making the stock its 9th largest position. Lagoda Investment Management L.P.’s holdings in Ubiquiti were worth $7,092,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Caprock Group LLC boosted its holdings in shares of Ubiquiti by 2.3% during the fourth quarter. Caprock Group LLC now owns 1,085 shares of the company’s stock worth $360,000 after purchasing an additional 24 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Ubiquiti by 10.4% during the fourth quarter. National Bank of Canada FI now owns 350 shares of the company’s stock worth $116,000 after purchasing an additional 33 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Ubiquiti by 47.0% during the fourth 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 last quarter. Sterling Capital Management LLC boosted its holdings in shares of Ubiquiti by 30.2% during the fourth quarter. Sterling Capital Management LLC now owns 168 shares of the company’s stock worth $56,000 after purchasing an additional 39 shares during the last quarter. Finally, Hanseatic Management Services Inc. boosted its holdings in shares of Ubiquiti by 12.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 384 shares of the company’s stock worth $127,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. BWS Financial restated a “buy” rating and set a $440.00 price objective on shares of Ubiquiti in a report on Friday, April 4th. Barclays decreased their price objective on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a report on Monday, February 10th.

Insider Activity at Ubiquiti

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the business’s stock in a transaction dated 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 owns 2,484 shares in the company, valued at $864,407.16. The trade was a 28.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 93.10% of the stock is owned by insiders.

Ubiquiti Price Performance

Shares of Ubiquiti stock opened at $410.01 on Monday. Ubiquiti Inc. has a twelve month low of $128.07 and a twelve month high of $469.98. The stock has a market capitalization of $24.80 billion, a P/E ratio of 55.71 and a beta of 1.32. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. The business’s fifty day moving average price is $315.01 and its 200 day moving average price is $336.19.

Ubiquiti (NYSE:UI) last issued its 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 return on equity of 296.82% and a net margin of 20.68%. During the same period in the previous year, the company earned $1.36 EPS. As a group, research analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

About Ubiquiti

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.