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Insider Trading Alert - Ubiquiti Networks And 4 Others Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Friday, Sept. 13, 2013, 141 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $99.99 to $478,779,119.37.

Highlighted Stocks Traded by Insiders:

Ubiquiti Networks (UBNT) - FREE Research Report

Summit Partners L P who is Manager of GP of 10% Owner at Ubiquiti Networks sold 1.3 million shares at $33.00 on Sept. 13, 2013. Following this transaction, the Manager of GP of 10% Owner owned 4.8 million shares meaning that the stake was reduced by 21.44% with the 1.3 million share transaction.

Chung Peter Y who is Director at Ubiquiti Networks sold 13.0 million shares at $33.00 on Sept. 13, 2013. Following this transaction, the Director owned 4.8 million shares meaning that the stake was reduced by 73.18% with the 13.0 million share transaction.

Fitzgerald Charles James JR who is Director at Ubiquiti Networks sold 1.3 million shares at $33.00 on Sept. 13, 2013. Following this transaction, the Director owned 4.8 million shares meaning that the stake was reduced by 21.44% with the 1.3 million share transaction.

Summit Partners Private Equity Fund VII-A, L.P. who is 10% Owner at Ubiquiti Networks sold 1.3 million shares at $33.00 on Sept. 13, 2013. Following this transaction, the 10% Owner owned 4.8 million shares meaning that the stake was reduced by 21.44% with the 1.3 million share transaction.

The shares most recently traded at $31.93, down $1.07, or 3.35% since the insider transaction. Historical insider transactions for Ubiquiti Networks go as follows:

  • 4-Week # shares sold: 2.5 million
  • 12-Week # shares sold: 2.6 million
  • 24-Week # shares sold: 9.6 million

The average volume for Ubiquiti Networks has been 566,200 shares per day over the past 30 days. Ubiquiti Networks has a market cap of $2.7 billion and is part of the technology sector and telecommunications industry. Shares are up 158.9% year to date as of the close of trading on Friday.

Ubiquiti Networks, Inc., a communications technology company, together with its subsidiaries, offers a portfolio of communications networking products and solutions worldwide. The company has a P/E ratio of 34.5. Currently there are 6 analysts that rate Ubiquiti Networks a buy, no analysts rate it a sell, and 3 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on UBNT - FREE

TheStreet Quant Ratings rates Ubiquiti Networks as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full Ubiquiti Networks Ratings Report from TheStreet Quant Ratings now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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