Ubiquiti -1.3% premarket after block trade priced

|About: Ubiquiti Networks, Inc. (UBNT)|By:, SA News Editor

A 1.5M-share Ubiquiti (UBNT) block trade has been priced at $43.35, below the company's Tuesday close of $44.77.

The trade involves 1.7% of outstanding shares, and comes a month after Ubiquiti saw a 2.5M-share block trade priced at $38. CEO Robert Pera and investment firm Summit Partners (has been cutting its stake) are the most likely sellers.

The maker of high-speed wireless transmission systems delivers its FQ2 report on Feb. 6.