Katayoun Motiey Sells 7,500 Shares of Extreme Networks (NASDAQ:EXTR) Stock

Extreme Networks, Inc. (NASDAQ:EXTR) insider Katayoun Motiey sold 7,500 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $28.00, for a total transaction of $210,000.00. Following the sale, the insider owned 165,834 shares of the company’s stock, valued at $4,643,352. This trade represents a 4.33% decrease in their position. The sale was disclosed in a filing 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 Tuesday, May 26th, Katayoun Motiey sold 15,000 shares of Extreme Networks stock. The stock was 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 stock was sold at an average price of $25.00, for a total transaction of $191,525.00.

Extreme Networks Trading Down 2.3%

Shares of Extreme Networks stock opened at $28.79 on Thursday. The stock has a market capitalization of $3.77 billion, a P/E ratio of 239.92, a price-to-earnings-growth ratio of 2.78 and a beta of 1.81. The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 1.89. The company has a 50-day simple moving average of $20.57 and a 200 day simple moving average of $17.45. Extreme Networks, Inc. has a 12-month low of $13.48 and a 12-month high of $29.48.

Extreme Networks (NASDAQ:EXTR) last announced its earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The business had revenue of $316.87 million during the quarter, compared to analysts’ expectations of $311.48 million. Extreme Networks had a net margin of 1.30% and a return on equity of 81.88%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the company posted $0.21 EPS. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Research analysts expect that Extreme Networks, Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on EXTR shares. B. Riley Financial reiterated a “buy” rating on shares of Extreme Networks in a research report on Thursday, April 30th. Lake Street Capital reiterated a “buy” rating and set a $25.00 target price on shares of Extreme Networks in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Needham & Company LLC increased their price objective on shares of Extreme Networks from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 24th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $25.50.

Institutional Investors Weigh In On Extreme Networks

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Extreme Networks by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 19,112,223 shares of the technology company’s stock valued at $318,219,000 after purchasing an additional 349,199 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Extreme Networks by 73,806.7% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 332,580 shares of the technology company’s stock valued at $6,868,000 after purchasing an additional 332,130 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Extreme Networks by 547.7% in the 4th quarter. M&T Bank Corp now owns 77,937 shares of the technology company’s stock valued at $1,298,000 after purchasing an additional 65,904 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Extreme Networks in the 4th quarter valued at about $1,009,000. Finally, Counterpoint Mutual Funds LLC boosted its stake in shares of Extreme Networks by 203.7% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 132,439 shares of the technology company’s stock valued at $2,735,000 after purchasing an additional 88,835 shares during the last quarter. Institutional investors own 91.05% of the company’s stock.

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.