Extreme Networks, Inc. (NASDAQ:EXTR) Director Sells $80,300.00 in Stock

Extreme Networks, Inc. (NASDAQ:EXTR) Director Charles Carinalli sold 5,000 shares of Extreme Networks stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $16.06, for a total transaction of $80,300.00. Following the completion of the transaction, the director now directly owns 371,793 shares of the company’s stock, valued at $5,970,995.58. The trade was a 1.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, November 25th, Charles Carinalli sold 5,000 shares of Extreme Networks stock. The shares were sold at an average price of $16.70, for a total transaction of $83,500.00.

Extreme Networks Stock Up 2.7 %

Shares of NASDAQ EXTR opened at $16.94 on Wednesday. Extreme Networks, Inc. has a 12-month low of $10.49 and a 12-month high of $18.77. The stock has a market cap of $2.24 billion, a PE ratio of -17.46, a P/E/G ratio of 3.49 and a beta of 1.77. The company has a current ratio of 0.91, a quick ratio of 0.63 and a debt-to-equity ratio of 5.33. The company has a 50-day moving average of $15.32 and a 200 day moving average of $13.91.

Institutional Trading of Extreme Networks

Large investors have recently bought and sold shares of the business. Quarry LP purchased a new stake in Extreme Networks during the 3rd quarter valued at about $26,000. Acadian Asset Management LLC purchased a new stake in Extreme Networks during the 1st quarter valued at about $27,000. GAMMA Investing LLC grew its stake in Extreme Networks by 109.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company’s stock valued at $30,000 after acquiring an additional 1,035 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Extreme Networks by 1,635.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,997 shares of the technology company’s stock valued at $67,000 after acquiring an additional 4,709 shares in the last quarter. Finally, KBC Group NV grew its stake in Extreme Networks by 54.3% during the 3rd quarter. KBC Group NV now owns 4,959 shares of the technology company’s stock valued at $75,000 after acquiring an additional 1,745 shares in the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Analyst Ratings Changes

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

About Extreme Networks

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.