Extreme Networks (NASDAQ:EXTR) Director Kathleen Holmgren Sells 19,521 Shares of Stock

Extreme Networks, Inc. (NASDAQ:EXTR) Director Kathleen Holmgren sold 19,521 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $24.78, for a total transaction of $483,730.38. Following the transaction, the director directly owned 219,308 shares in the company, valued at approximately $5,434,452.24. The trade was a 8.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Extreme Networks Stock Down 2.2%

Extreme Networks stock opened at $24.11 on Tuesday. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 200.92, a PEG ratio of 2.33 and a beta of 1.77. 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 company’s 50-day moving average price is $17.78 and its two-hundred day moving average price is $16.76. Extreme Networks, Inc. has a 52 week low of $13.48 and a 52 week high of $25.13.

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

Analyst Upgrades and Downgrades

EXTR has been the topic of several research reports. Needham & Company LLC boosted their price target on shares of Extreme Networks from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. UBS Group set a $28.00 price target on shares of Extreme Networks in a research report on Thursday, April 30th. Wall Street Zen cut shares of Extreme Networks from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Lake Street Capital reiterated a “buy” rating and issued a $25.00 price target on shares of Extreme Networks in a research report on Thursday, April 30th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 price target on shares of Extreme Networks in a research report on Thursday, January 29th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Institutional Trading of Extreme Networks

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Amundi raised its holdings in Extreme Networks by 21.4% during the 1st quarter. Amundi now owns 376,970 shares of the technology company’s stock worth $5,685,000 after buying an additional 66,400 shares during the period. California State Teachers Retirement System raised its holdings in Extreme Networks by 27.1% during the 1st quarter. California State Teachers Retirement System now owns 162,500 shares of the technology company’s stock worth $2,450,000 after buying an additional 34,696 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in Extreme Networks during the 1st quarter worth about $6,961,000. Entropy Technologies LP raised its holdings in Extreme Networks by 9.4% during the 1st quarter. Entropy Technologies LP now owns 31,749 shares of the technology company’s stock worth $479,000 after buying an additional 2,730 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Extreme Networks by 32.6% during the 1st quarter. Renaissance Technologies LLC now owns 2,076,080 shares of the technology company’s stock worth $31,307,000 after buying an additional 510,215 shares during the period. Institutional investors and hedge funds own 91.05% of the company’s stock.

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.