Extreme Networks (NASDAQ:EXTR) Insider Sells $930,900.00 in Stock

Extreme Networks, Inc. (NASDAQ:EXTR) insider Katayoun Motiey sold 30,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $31.03, for a total value of $930,900.00. Following the completion of the transaction, the insider directly owned 120,834 shares of the company’s stock, valued at approximately $3,749,479.02. This trade represents a 19.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Katayoun Motiey also recently made the following trade(s):

• On Monday, June 8th, Katayoun Motiey sold 7,500 shares of Extreme Networks stock. The stock was sold at an average price of $30.00, for a total value of $225,000.00.
• On Monday, June 1st, Katayoun Motiey sold 7,500 shares of Extreme Networks stock. The shares were sold at an average price of $28.00, for a total value of $210,000.00.
• On Tuesday, May 26th, Katayoun Motiey sold 15,000 shares of Extreme Networks stock. The stock was sold at an average price of $26.50, for a total value of $397,500.00.
• 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 transaction of $191,525.00.

Extreme Networks Stock Performance

EXTR opened at $31.11 on Monday. The stock has a market cap of $4.07 billion, a P/E ratio of 259.25, a P/E/G ratio of 2.94 and a beta of 1.80. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.91 and a quick ratio of 0.78. The firm has a fifty day moving average price of $22.58 and a 200 day moving average price of $18.07. Extreme Networks, Inc. has a 1 year low of $13.48 and a 1 year high of $31.57.

Extreme Networks (NASDAQ:EXTR) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Extreme Networks had a net margin of 1.30% and a return on equity of 81.88%. The business had revenue of $316.87 million during the quarter, compared to the consensus estimate of $311.48 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The company’s 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. Equities research analysts anticipate that Extreme Networks, Inc. will post 0.53 earnings per share for the current year.

Analyst Ratings Changes

EXTR has been the topic of a number of recent analyst reports. Rosenblatt Securities increased their target price on Extreme Networks from $29.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group set a $28.00 price objective on shares of Extreme Networks in a report on Thursday, April 30th. Needham & Company LLC boosted their target price on shares of Extreme Networks from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 24th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.33.

Institutional Investors Weigh In On Extreme Networks

Hedge funds have recently modified their holdings of the business. Glenmede Trust Co. NA purchased a new position in shares of Extreme Networks in the first quarter worth about $10,129,000. Bank of America Corp DE raised its holdings in Extreme Networks by 73.5% in the 1st quarter. Bank of America Corp DE now owns 757,072 shares of the technology company’s stock valued at $11,417,000 after acquiring an additional 320,743 shares during the last quarter. Amundi raised its holdings in Extreme Networks by 21.4% in the 1st quarter. Amundi now owns 376,970 shares of the technology company’s stock valued at $5,685,000 after acquiring an additional 66,400 shares during the last quarter. California State Teachers Retirement System lifted its stake in Extreme Networks by 27.1% in the 1st quarter. California State Teachers Retirement System now owns 162,500 shares of the technology company’s stock worth $2,450,000 after purchasing an additional 34,696 shares in the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new position in Extreme Networks in the 1st quarter worth approximately $6,961,000. 91.05% of the stock is currently 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.