Extreme Networks, Inc. (NASDAQ:EXTR - Get Free Report) insider Katayoun Motiey sold 7,500 shares of the business's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $30.00, for a total value of $225,000.00. Following the completion of the sale, the insider owned 150,834 shares of the company's stock, valued at $4,525,020. This trade represents a 4.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value 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 value 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 value of $191,525.00.
Extreme Networks Price Performance
Shares of NASDAQ EXTR opened at $29.57 on Tuesday. Extreme Networks, Inc. has a twelve month low of $13.48 and a twelve month high of $30.16. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 246.42, a price-to-earnings-growth ratio of 2.65 and a beta of 1.80. The business has a 50 day simple moving average of $21.40 and a 200-day simple moving average of $17.71.
Extreme Networks (NASDAQ:EXTR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The business had revenue of $316.87 million during the quarter, compared to the consensus estimate of $311.48 million. During the same period in the previous year, the business earned $0.21 EPS. The business'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. As a group, equities research analysts expect that Extreme Networks, Inc. will post 0.53 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. UBS Group set a $28.00 price target on Extreme Networks in a report on Thursday, April 30th. Needham & Company LLC boosted their price target on Extreme Networks from $21.00 to $26.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Weiss Ratings lowered Extreme Networks from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, May 15th. Wall Street Zen upgraded Extreme Networks from a "buy" rating to a "strong-buy" rating in a research report on Sunday, May 24th. Finally, Lake Street Capital restated a "buy" rating and set a $25.00 price objective on shares of 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $27.00.
Get Our Latest Research Report on Extreme Networks
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXTR. Alyeska Investment Group L.P. boosted 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 bought a new position in shares of Extreme Networks in the fourth quarter worth $17,361,000. SEB Asset Management AB bought a new position in shares of Extreme Networks in the first quarter worth $12,192,000. Millennium Management LLC increased its holdings in shares of Extreme Networks by 163.0% during the first quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company's stock valued at $16,675,000 after purchasing an additional 781,103 shares during the period. Finally, Glenmede Trust Co. NA acquired a new position in shares of Extreme Networks during the first quarter valued at $10,129,000. Institutional investors and hedge funds own 91.05% of the company's stock.
About Extreme Networks
(
Get Free Report)
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.
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