Insider Selling: Extreme Networks (NASDAQ:EXTR) Insider Sells $210,000.00 in Stock

Extreme Networks, Inc. (NASDAQ:EXTR) insider Katayoun Motiey sold 7,500 shares of Extreme Networks stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $28.00, for a total value of $210,000.00. Following the transaction, the insider owned 165,834 shares of the company’s stock, valued at $4,643,352. This represents a 4.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, May 26th, Katayoun Motiey sold 15,000 shares of Extreme Networks stock. The stock was sold at an average price of $26.50, for a total value of $397,500.00.
• 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 value of $191,525.00.

Extreme Networks Trading Up 2.8%

Shares of Extreme Networks stock opened at $29.61 on Friday. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.91 and a quick ratio of 0.78. Extreme Networks, Inc. has a 1 year low of $13.48 and a 1 year high of $29.78. The company has a market capitalization of $3.87 billion, a P/E ratio of 246.75, a P/E/G ratio of 2.72 and a beta of 1.81. The business has a 50 day moving average price of $20.86 and a 200 day moving average price of $17.54.

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

Analysts Set New Price Targets

EXTR has been the topic of a number of recent analyst reports. Wall Street Zen raised Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 24th. B. Riley Financial reissued a “buy” rating on shares of Extreme Networks in a research note on Thursday, April 30th. Weiss Ratings lowered Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. UBS Group set a $28.00 price target on Extreme Networks in a research note on Thursday, April 30th. Finally, Needham & Company LLC increased their price target on Extreme Networks from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Extreme Networks currently has an average rating of “Moderate Buy” and an average target price of $25.50.

Institutional Trading of Extreme Networks

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Extreme Networks by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 19,112,223 shares of the technology company’s stock worth $318,219,000 after buying an additional 349,199 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of Extreme Networks by 73,806.7% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 332,580 shares of the technology company’s stock worth $6,868,000 after buying an additional 332,130 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Extreme Networks by 547.7% during the 4th quarter. M&T Bank Corp now owns 77,937 shares of the technology company’s stock worth $1,298,000 after buying an additional 65,904 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Extreme Networks during the 4th quarter worth $1,009,000. Finally, Counterpoint Mutual Funds LLC increased its holdings in shares of Extreme Networks by 203.7% during the 3rd quarter. Counterpoint Mutual Funds LLC now owns 132,439 shares of the technology company’s stock worth $2,735,000 after buying an additional 88,835 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors and hedge funds.

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.