Extreme Networks (NASDAQ:EXTR) Insider Katayoun Motiey Sells 15,000 Shares

Extreme Networks, Inc. (NASDAQ:EXTR) insider Katayoun Motiey sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $26.50, for a total transaction of $397,500.00. Following the completion of the transaction, the insider directly owned 173,334 shares in the company, valued at $4,593,351. This represents a 7.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Katayoun Motiey also recently made the following trade(s):

• On Thursday, May 14th, Katayoun Motiey sold 7,661 shares of Extreme Networks stock. The stock was sold at an average price of $25.00, for a total transaction of $191,525.00.

Extreme Networks Stock Performance

NASDAQ EXTR traded down $0.46 during trading hours on Thursday, reaching $26.21. The company’s stock had a trading volume of 1,400,671 shares, compared to its average volume of 2,077,498. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.89. The business has a 50-day simple moving average of $19.29 and a 200 day simple moving average of $17.10. Extreme Networks, Inc. has a 52 week low of $13.48 and a 52 week high of $27.28. The stock has a market cap of $3.43 billion, a PE ratio of 218.42, a PEG ratio of 2.55 and a beta of 1.77.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $316.87 million for the quarter, compared to analysts’ expectations of $311.48 million. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 earnings per share. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Equities research analysts predict that Extreme Networks, Inc. will post 0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EXTR. Royal Bank of Canada increased its holdings in shares of Extreme Networks by 20.8% in the first quarter. Royal Bank of Canada now owns 73,610 shares of the technology company’s stock valued at $974,000 after buying an additional 12,667 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Extreme Networks by 6.6% in the first quarter. AQR Capital Management LLC now owns 34,375 shares of the technology company’s stock valued at $455,000 after buying an additional 2,122 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Extreme Networks by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,723 shares of the technology company’s stock valued at $1,015,000 after buying an additional 3,349 shares in the last quarter. Millennium Management LLC grew its position in Extreme Networks by 163.0% during the 1st quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock worth $16,675,000 after purchasing an additional 781,103 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Extreme Networks by 7.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 319,434 shares of the technology company’s stock worth $4,226,000 after purchasing an additional 22,209 shares in the last quarter. Institutional investors own 91.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. B. Riley Financial reaffirmed a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a report on Thursday, January 29th. UBS Group set a $28.00 price target on Extreme Networks in a report on Thursday, April 30th. Lake Street Capital reaffirmed a “buy” rating and set a $25.00 price target on shares of Extreme Networks in a report on Thursday, April 30th. Finally, Weiss Ratings cut Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Extreme Networks presently has an average rating of “Moderate Buy” and an average price target of $25.50.

About Extreme Networks

Extreme Networks, Inc (NASDAQ: EXTR) is a global provider of end-to-end networking solutions designed to support enterprise, data center, and service provider environments. The company’s product portfolio encompasses high-performance wired and wireless access switches, routers, network security appliances, and software-defined networking (SDN) tools. Driven by a cloud-native management architecture, Extreme’s Intelligent Edge Platform integrates network analytics, automation and orchestration capabilities to help organizations optimize performance, reduce operational complexity and strengthen security.

Since its founding in the mid-1990s and subsequent public listing in 1999, Extreme Networks has expanded its technology footprint through targeted acquisitions.