Insider Selling: Benjamin Moore Sells 34,000 Shares of Ubiquiti Networks Stock (UBNT)
Ubiquiti Networks (NASDAQ:UBNT) VP Benjamin Moore unloaded 34,000 shares of Ubiquiti Networks stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $45.34, for a total transaction of $1,541,560.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Ubiquiti Networks (NASDAQ:UBNT) traded up 1.71% on Monday, hitting $46.92. 787,528 shares of the company’s stock traded hands. Ubiquiti Networks has a 1-year low of $11.39 and a 1-year high of $46.88. The stock has a 50-day moving average of $41.47 and a 200-day moving average of $32.4. The company has a market cap of $4.112 billion and a P/E ratio of 38.35.
Ubiquiti Networks (NASDAQ:UBNT) last announced its earnings results on Thursday, November 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.07. The company had revenue of $129.70 million for the quarter, compared to the consensus estimate of $119.30 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 110.9% on a year-over-year basis. Analysts expect that Ubiquiti Networks will post $1.83 EPS for the current fiscal year.
A number of research firms have recently commented on UBNT. Analysts at Wells Fargo & Co. initiated coverage on shares of Ubiquiti Networks in a research note to investors on Friday, December 13th. They set an “outperform” rating on the stock. Separately, analysts at Stephens initiated coverage on shares of Ubiquiti Networks in a research note to investors on Tuesday, December 10th. They set an “equal weight” rating on the stock. Finally, analysts at Zacks upgraded shares of Ubiquiti Networks from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, November 26th. They now have a $45.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $41.83.
Ubiquiti Networks, Inc (NASDAQ:UBNT) is a communications technology Company.
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