Insider Selling: Extreme Networks, Inc. (NASDAQ:EXTR) Director Sells $80,300.00 in Stock

Extreme Networks, Inc. (NASDAQ:EXTR) Director Charles Carinalli sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $16.06, for a total value of $80,300.00. Following the sale, the director now owns 371,793 shares of the company’s stock, valued at $5,970,995.58. This trade represents a 1.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Charles Carinalli also recently made the following trade(s):

• On Monday, November 25th, Charles Carinalli sold 5,000 shares of Extreme Networks stock. The shares were sold at an average price of $16.70, for a total transaction of $83,500.00.

Extreme Networks Trading Down 3.1 %

EXTR opened at $16.42 on Friday. Extreme Networks, Inc. has a 1-year low of $10.49 and a 1-year high of $18.77. The stock’s 50 day simple moving average is $15.40 and its 200 day simple moving average is $13.98. The company has a debt-to-equity ratio of 5.33, a quick ratio of 0.63 and a current ratio of 0.91.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on EXTR shares. StockNews.com lowered shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Monday. Rosenblatt Securities reissued a “buy” rating and set a $21.00 target price on shares of Extreme Networks in a research note on Wednesday, November 6th. B. Riley raised their price target on Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Craig Hallum upped their price objective on Extreme Networks from $17.00 to $22.50 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $16.50 target price on shares of Extreme Networks in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EXTR. Lisanti Capital Growth LLC grew its stake in Extreme Networks by 61.0% in the 3rd quarter. Lisanti Capital Growth LLC now owns 195,490 shares of the technology company’s stock valued at $2,938,000 after acquiring an additional 74,080 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Extreme Networks by 297.1% in the second quarter. Harbor Capital Advisors Inc. now owns 80,371 shares of the technology company’s stock valued at $1,081,000 after purchasing an additional 60,131 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Extreme Networks by 373.4% during the 2nd quarter. Victory Capital Management Inc. now owns 1,066,743 shares of the technology company’s stock worth $14,348,000 after purchasing an additional 841,395 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its position in shares of Extreme Networks by 491.1% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 333,644 shares of the technology company’s stock worth $4,488,000 after purchasing an additional 277,196 shares during the last quarter. Finally, Texas Permanent School Fund Corp lifted its stake in Extreme Networks by 38.2% in the 2nd quarter. Texas Permanent School Fund Corp now owns 155,699 shares of the technology company’s stock valued at $2,094,000 after buying an additional 43,036 shares in the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Extreme Networks Company Profile

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.