Extreme Networks, Inc. (NASDAQ:EXTR – Get Free Report) Director Charles Carinalli sold 5,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $16.70, for a total value of $83,500.00. Following the completion of the transaction, the director now directly owns 366,793 shares of the company’s stock, valued at approximately $6,125,443.10. This trade represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Charles Carinalli also recently made the following trade(s):
- On Friday, November 22nd, Charles Carinalli sold 5,000 shares of Extreme Networks stock. The stock was sold at an average price of $16.06, for a total value of $80,300.00.
Extreme Networks Stock Down 3.1 %
Shares of NASDAQ EXTR opened at $16.42 on Thursday. The stock has a market capitalization of $2.17 billion, a PE ratio of -16.93, a P/E/G ratio of 3.59 and a beta of 1.77. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 5.33. The firm has a fifty day moving average of $15.38 and a 200-day moving average of $13.97. Extreme Networks, Inc. has a 52-week low of $10.49 and a 52-week high of $18.77.
Institutional Investors Weigh In On Extreme Networks
Wall Street Analyst Weigh In
Several research firms have issued reports on EXTR. StockNews.com cut shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Monday. Craig Hallum raised their target price on shares of Extreme Networks from $17.00 to $22.50 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $21.00 price target on shares of Extreme Networks in a report on Wednesday, November 6th. Needham & Company LLC restated a “buy” rating and set a $16.50 price objective on shares of Extreme Networks in a report on Thursday, August 8th. Finally, B. Riley lifted their price objective on Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Extreme Networks has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.
Read Our Latest Stock Report on EXTR
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.
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