Insider Selling: Extreme Networks (NASDAQ:EXTR) Insider Sells $191,525.00 in Stock

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

Extreme Networks Stock Performance

Extreme Networks stock opened at $23.48 on Thursday. The business has a 50 day moving average of $18.16 and a 200-day moving average of $16.83. Extreme Networks, Inc. has a 1 year low of $13.48 and a 1 year high of $25.13. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.91 and a quick ratio of 0.78. The company has a market capitalization of $3.07 billion, a P/E ratio of 195.67, a P/E/G ratio of 2.22 and a beta of 1.77.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The company had revenue of $316.87 million during the quarter, compared to the consensus estimate of $311.48 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The firm’s 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. On average, equities research analysts predict that Extreme Networks, Inc. will post 0.53 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Extreme Networks in a research note on Thursday, April 30th. B. Riley Financial reaffirmed a “buy” rating on shares of Extreme Networks in a research note on Thursday, April 30th. Needham & Company LLC upped their target price on Extreme Networks from $21.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, April 30th. UBS Group set a $28.00 target price on Extreme Networks in a report on Thursday, April 30th. Finally, Weiss Ratings cut Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.50.

Institutional Trading of Extreme Networks

Several institutional investors have recently added to or reduced their stakes in the stock. CWM LLC boosted its holdings in 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 acquiring an additional 648 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Extreme Networks by 3.1% in the third quarter. Envestnet Asset Management Inc. now owns 22,783 shares of the technology company’s stock valued at $470,000 after acquiring an additional 683 shares during the last quarter. Arizona State Retirement System boosted its holdings in Extreme Networks by 1.8% in the third quarter. Arizona State Retirement System now owns 39,405 shares of the technology company’s stock valued at $814,000 after acquiring an additional 685 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Extreme Networks by 3.0% in the fourth quarter. ProShare Advisors LLC now owns 25,609 shares of the technology company’s stock valued at $426,000 after acquiring an additional 735 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Extreme Networks by 7.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,001 shares of the technology company’s stock worth $166,000 after buying an additional 735 shares in the last quarter. 91.05% of the stock is currently owned by institutional investors.

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.