Insider Selling: Extreme Networks (NASDAQ:EXTR) Insider Sells $225,000.00 in Stock

Extreme Networks, Inc. (NASDAQ:EXTR) insider Katayoun Motiey sold 7,500 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $30.00, for a total transaction of $225,000.00. Following the transaction, the insider owned 150,834 shares in the company, valued at approximately $4,525,020. This trade represents a 4.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction of $210,000.00.
• On Tuesday, May 26th, Katayoun Motiey sold 15,000 shares of Extreme Networks stock. The shares were sold at an average price of $26.50, for a total transaction of $397,500.00.
• On Thursday, May 14th, Katayoun Motiey sold 7,661 shares of Extreme Networks stock. The shares were sold at an average price of $25.00, for a total transaction of $191,525.00.

Extreme Networks Stock Down 0.5%

Shares of Extreme Networks stock opened at $28.58 on Thursday. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 238.17, a price-to-earnings-growth ratio of 2.71 and a beta of 1.81. The company’s 50 day moving average is $21.94 and its 200 day moving average is $17.87. Extreme Networks, Inc. has a twelve month low of $13.48 and a twelve month high of $30.16. 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 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 the consensus estimate of $311.48 million. During the same period last year, the firm earned $0.21 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Research analysts anticipate that Extreme Networks, Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EXTR shares. B. Riley Financial reiterated a “buy” rating on shares of Extreme Networks in a research report on Thursday, April 30th. Bank of America boosted their price target on Extreme Networks from $28.00 to $33.00 and gave the company a “buy” rating in a report on Monday. Needham & Company LLC lifted their price objective on Extreme Networks from $21.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings cut Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. Finally, UBS Group set a $28.00 price objective on Extreme Networks in a research report on Thursday, April 30th. Six 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, Extreme Networks presently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Institutional Trading of Extreme Networks

Several institutional investors and hedge funds have recently modified their holdings of the company. Glenmede Trust Co. NA bought a new stake in shares of Extreme Networks during the 1st quarter valued at $10,129,000. Bank of America Corp DE raised its position in shares of Extreme Networks by 73.5% during 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 purchasing an additional 320,743 shares during the period. Amundi raised its position in shares of Extreme Networks by 21.4% during the 1st quarter. Amundi now owns 376,970 shares of the technology company’s stock valued at $5,685,000 after purchasing an additional 66,400 shares during the period. California State Teachers Retirement System raised its position in shares of Extreme Networks by 27.1% during the 1st quarter. California State Teachers Retirement System now owns 162,500 shares of the technology company’s stock valued at $2,450,000 after purchasing an additional 34,696 shares during the period. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of Extreme Networks during the 1st quarter valued at $6,961,000. 91.05% of the stock is currently owned by institutional investors.

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.