Extreme Networks (NASDAQ:EXTR) Insider Katayoun Motiey Sells 7,661 Shares

Extreme Networks, Inc. (NASDAQ:EXTR) insider Katayoun Motiey sold 7,661 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $25.00, for a total transaction of $191,525.00. Following the completion of the sale, the insider directly owned 183,782 shares in the company, valued at $4,594,550. This trade represents a 4.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Extreme Networks Stock Down 2.2%

EXTR opened at $24.11 on Tuesday. The firm’s 50-day simple moving average is $17.78 and its 200-day simple moving average is $16.76. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.78 and a current ratio of 0.91. Extreme Networks, Inc. has a twelve month low of $13.48 and a twelve month high of $25.13. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 200.92, a PEG ratio of 2.33 and a beta of 1.77.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $311.48 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The firm’s quarterly 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 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EXTR. Alyeska Investment Group L.P. lifted its position in Extreme Networks by 301.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,971,718 shares of the technology company’s stock valued at $49,479,000 after purchasing an additional 2,232,373 shares during the period. Jain Global LLC acquired a new stake in shares of Extreme Networks in the 4th quarter valued at approximately $17,361,000. SEB Asset Management AB acquired a new stake in shares of Extreme Networks in the 1st quarter valued at approximately $12,192,000. Millennium Management LLC raised its position in shares of Extreme Networks by 163.0% in the 1st quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock valued at $16,675,000 after acquiring an additional 781,103 shares during the period. Finally, Southernsun Asset Management LLC raised its position in shares of Extreme Networks by 46.9% in the 4th quarter. Southernsun Asset Management LLC now owns 1,970,886 shares of the technology company’s stock valued at $32,815,000 after acquiring an additional 629,486 shares during the period. 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.