Extreme Networks (NASDAQ:EXTR) Insider Katayoun Motiey Sells 15,000 Shares of Stock

Extreme Networks, Inc. (NASDAQ:EXTR) insider Katayoun Motiey sold 15,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $26.50, for a total value of $397,500.00. Following the transaction, the insider owned 173,334 shares in the company, valued at $4,593,351. The trade was a 7.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 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 Down 1.7%

EXTR opened at $26.21 on Friday. The stock’s fifty day moving average is $19.51 and its two-hundred day moving average is $17.16. The company has a market capitalization of $3.43 billion, a P/E ratio of 218.42, a PEG ratio of 2.52 and a beta of 1.77. Extreme Networks, Inc. has a 52 week low of $13.48 and a 52 week high of $27.28. The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 1.89.

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

Hedge Funds Weigh In On Extreme Networks

Several hedge funds and other institutional investors have recently bought and sold shares of EXTR. Caitong International Asset Management Co. Ltd acquired a new position in Extreme Networks in the 3rd quarter worth approximately $31,000. Rockefeller Capital Management L.P. increased its holdings in Extreme Networks by 313.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,957 shares of the technology company’s stock worth $33,000 after buying an additional 1,484 shares during the period. CWM LLC increased its holdings in Extreme Networks by 51.7% in the 4th quarter. CWM LLC now owns 3,179 shares of the technology company’s stock worth $53,000 after buying an additional 1,084 shares during the period. Quarry LP increased its holdings in Extreme Networks by 74.9% in the 3rd quarter. Quarry LP now owns 2,610 shares of the technology company’s stock worth $54,000 after buying an additional 1,118 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in Extreme Networks by 136.8% in the 4th quarter. Advisors Asset Management Inc. now owns 3,221 shares of the technology company’s stock worth $54,000 after buying an additional 1,861 shares during the period. Institutional investors and hedge funds own 91.05% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on EXTR. Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 target price on shares of Extreme Networks in a research report on Thursday, January 29th. UBS Group set a $28.00 target price on Extreme Networks in a research report on Thursday, April 30th. Lake Street Capital reaffirmed a “buy” rating and set a $25.00 target price on shares of Extreme Networks in a research report on Thursday, April 30th. Needham & Company LLC increased their target price on Extreme Networks from $21.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings cut Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

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.