Insider Selling: Extreme Networks (NASDAQ:EXTR) CEO Sells $827,000.00 in Stock

Extreme Networks, Inc. (NASDAQ:EXTR) CEO Edward Meyercord sold 50,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $16.54, for a total value of $827,000.00. Following the sale, the chief executive officer directly owned 1,871,418 shares of the company’s stock, valued at $30,953,253.72. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Edward Meyercord also recently made the following trade(s):

• On Friday, November 28th, Edward Meyercord sold 50,000 shares of Extreme Networks stock. The shares were sold at an average price of $17.46, for a total value of $873,000.00.

Extreme Networks Trading Down 1.6%

NASDAQ:EXTR opened at $16.14 on Thursday. The company has a market capitalization of $2.16 billion, a P/E ratio of 230.57, a P/E/G ratio of 1.82 and a beta of 1.64. The stock’s 50 day moving average price is $17.28 and its 200 day moving average price is $18.95. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.75 and a current ratio of 0.91. Extreme Networks, Inc. has a 52 week low of $10.10 and a 52 week high of $22.89.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Wednesday, October 29th. The technology company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $310.25 million during the quarter, compared to the consensus estimate of $295.72 million. Extreme Networks had a net margin of 0.73% and a return on equity of 81.83%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 earnings per share. Extreme Networks has set its Q2 2026 guidance at 0.230-0.250 EPS. On average, research analysts forecast that Extreme Networks, Inc. will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Extreme Networks

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Salomon & Ludwin LLC acquired a new stake in Extreme Networks in the 3rd quarter worth $27,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Extreme Networks during the third quarter valued at about $31,000. CWM LLC lifted its stake in shares of Extreme Networks by 44.8% in the third quarter. CWM LLC now owns 2,095 shares of the technology company’s stock valued at $43,000 after buying an additional 648 shares during the period. Farther Finance Advisors LLC grew its position in Extreme Networks by 85.4% during the third quarter. Farther Finance Advisors LLC now owns 2,201 shares of the technology company’s stock worth $45,000 after buying an additional 1,014 shares in the last quarter. Finally, Quarry LP grew its position in Extreme Networks by 74.9% during the third quarter. Quarry LP now owns 2,610 shares of the technology company’s stock worth $54,000 after buying an additional 1,118 shares in the last quarter. Institutional investors own 91.05% of the company’s stock.

Analyst Ratings Changes

EXTR has been the topic of a number of recent analyst reports. B. Riley reissued a “buy” rating on shares of Extreme Networks in a research note on Thursday, October 30th. Bank of America initiated coverage on shares of Extreme Networks in a research report on Wednesday, November 19th. They issued a “buy” rating and a $24.00 price target on the stock. Rosenblatt Securities restated a “buy” rating and issued a $25.00 price objective on shares of Extreme Networks in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Extreme Networks in a research note on Monday, December 29th. Finally, Oppenheimer raised shares of Extreme Networks from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a research report on Thursday, October 30th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.83.

About Extreme Networks

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.