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

Extreme Networks, Inc. (NASDAQ:EXTR) insider Katayoun Motiey sold 7,661 shares of Extreme Networks stock in a transaction 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 completion of the transaction, the insider owned 183,782 shares in the company, valued at approximately $4,594,550. The trade was a 4.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Extreme Networks Price Performance

Shares of EXTR traded down $0.55 during midday trading on Monday, hitting $24.11. The company’s stock had a trading volume of 2,246,780 shares, compared to its average volume of 2,093,308. Extreme Networks, Inc. has a one year low of $13.48 and a one year high of $25.13. The company’s fifty day simple moving average is $17.59 and its two-hundred day simple moving average is $16.74. The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 200.92, a price-to-earnings-growth 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 earnings per share (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 company had revenue of $316.87 million for the quarter, compared to analyst estimates of $311.48 million. During the same quarter last year, the company posted $0.21 EPS. The company’s revenue for the quarter 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. As a group, equities analysts expect that Extreme Networks, Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

EXTR has been the topic of a number of research reports. Wall Street Zen lowered Extreme Networks from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Lake Street Capital restated a “buy” rating and set a $25.00 price objective on shares of Extreme Networks in a research report on Thursday, April 30th. Rosenblatt Securities restated a “buy” rating and set a $25.00 price objective on shares of Extreme Networks in a research report on Thursday, January 29th. B. Riley Financial restated a “buy” rating on shares of Extreme Networks in a research report on Thursday, April 30th. Finally, UBS Group set a $28.00 price objective on Extreme Networks in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Extreme Networks currently has an average rating of “Moderate Buy” and an average price target of $25.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC lifted its holdings in Extreme Networks by 44.8% during the 3rd quarter. CWM LLC now owns 2,095 shares of the technology company’s stock worth $43,000 after buying an additional 648 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Extreme Networks by 3.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 22,783 shares of the technology company’s stock worth $470,000 after buying an additional 683 shares during the period. Arizona State Retirement System lifted its holdings in Extreme Networks by 1.8% during the 3rd quarter. Arizona State Retirement System now owns 39,405 shares of the technology company’s stock worth $814,000 after buying an additional 685 shares during the period. ProShare Advisors LLC lifted its holdings in Extreme Networks by 3.0% during the 4th quarter. ProShare Advisors LLC now owns 25,609 shares of the technology company’s stock worth $426,000 after buying an additional 735 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in Extreme Networks by 7.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,001 shares of the technology company’s stock worth $166,000 after buying an additional 735 shares during the period. 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.