Extreme Networks, Inc. (NASDAQ:EXTR) Director Sells $83,500.00 in Stock

Extreme Networks, Inc. (NASDAQ:EXTR) Director Charles Carinalli sold 5,000 shares of Extreme Networks stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $16.70, for a total transaction of $83,500.00. Following the completion of the sale, the director now owns 366,793 shares in the company, valued at $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 can be accessed through this hyperlink.

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

• On Friday, November 22nd, Charles Carinalli sold 5,000 shares of Extreme Networks stock. The shares were sold at an average price of $16.06, for a total transaction of $80,300.00.

Extreme Networks Stock Performance

EXTR traded up $0.45 during trading hours on Tuesday, reaching $16.94. The company’s stock had a trading volume of 1,029,307 shares, compared to its average volume of 1,822,209. The company’s 50-day moving average is $15.32 and its 200-day moving average is $13.91. Extreme Networks, Inc. has a 52 week low of $10.49 and a 52 week high of $18.77. The firm has a market cap of $2.24 billion, a PE ratio of -17.00, a price-to-earnings-growth ratio of 3.49 and a beta of 1.77. 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 Analysts Forecast Growth

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

Hedge Funds Weigh In On Extreme Networks

Several large investors have recently modified their holdings of EXTR. Andina Capital Management LLC grew its stake in Extreme Networks by 3.8% in the 2nd quarter. Andina Capital Management LLC now owns 19,610 shares of the technology company’s stock valued at $264,000 after buying an additional 719 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Extreme Networks by 109.5% during the third quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company’s stock worth $30,000 after acquiring an additional 1,035 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in shares of Extreme Networks by 2.2% during the third quarter. OneDigital Investment Advisors LLC now owns 70,841 shares of the technology company’s stock worth $1,065,000 after acquiring an additional 1,541 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Extreme Networks by 2.5% in the second quarter. Louisiana State Employees Retirement System now owns 65,400 shares of the technology company’s stock valued at $880,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Extreme Networks during the third quarter worth approximately $26,000. 91.05% of the stock is owned by institutional investors.

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.