Extreme Networks (NASDAQ:EXTR) Insider Sells $191,525.00 in Stock

Extreme Networks, Inc. (NASDAQ:EXTR) insider Katayoun Motiey sold 7,661 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $25.00, for a total value of $191,525.00. Following the transaction, the insider directly owned 183,782 shares of the company’s stock, valued at $4,594,550. This trade represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Extreme Networks Stock Down 2.2%

NASDAQ EXTR traded down $0.55 during trading hours on Monday, hitting $24.11. 2,246,780 shares of the company traded hands, compared to its average volume of 2,093,308. The business’s 50-day moving average is $17.59 and its 200-day moving average is $16.74. Extreme Networks, Inc. has a twelve month low of $13.48 and a twelve month high of $25.13. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.78 and a current ratio of 0.91. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 200.92, a P/E/G ratio of 2.33 and a beta of 1.77.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly 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. 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 analysts’ expectations of $311.48 million. During the same period in the prior year, the firm posted $0.21 earnings per share. The business’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 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. UBS Group set a $28.00 price objective on Extreme Networks in a research report on Thursday, April 30th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Extreme Networks in a research report on Thursday, January 29th. Needham & Company LLC raised their price objective on Extreme Networks from $21.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings cut Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Finally, Wall Street Zen cut Extreme Networks from a “strong-buy” rating to a “buy” rating in a report on Saturday. Six 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’s stock. Based on data from MarketBeat, Extreme Networks currently has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Hedge Funds Weigh In On Extreme Networks

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC raised its holdings in Extreme Networks by 44.8% in the 3rd quarter. CWM LLC now owns 2,095 shares of the technology company’s stock valued at $43,000 after acquiring an additional 648 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Extreme Networks by 3.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 22,783 shares of the technology company’s stock valued at $470,000 after acquiring an additional 683 shares in the last quarter. Arizona State Retirement System raised its holdings in Extreme Networks by 1.8% in the 3rd quarter. Arizona State Retirement System now owns 39,405 shares of the technology company’s stock valued at $814,000 after acquiring an additional 685 shares in the last quarter. ProShare Advisors LLC raised its holdings in Extreme Networks by 3.0% in the 4th quarter. ProShare Advisors LLC now owns 25,609 shares of the technology company’s stock valued at $426,000 after acquiring an additional 735 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Extreme Networks by 7.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,001 shares of the technology company’s stock valued at $166,000 after acquiring an additional 735 shares in the last quarter. 91.05% of the stock is owned by institutional investors and hedge funds.

Extreme Networks Company Profile

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.