Extreme Networks, Inc. (NASDAQ:EXTR - Get Free Report) CEO Edward Meyercord sold 50,000 shares of Extreme Networks stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $29.79, for a total transaction of $1,489,500.00. Following the completion of the sale, the chief executive officer owned 1,596,475 shares in the company, valued at $47,558,990.25. The trade was a 3.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Edward Meyercord also recently made the following trade(s):
- On Tuesday, June 2nd, Edward Meyercord sold 100,000 shares of Extreme Networks stock. The stock was sold at an average price of $29.20, for a total transaction of $2,920,000.00.
- On Monday, June 1st, Edward Meyercord sold 50,000 shares of Extreme Networks stock. The stock was sold at an average price of $27.64, for a total transaction of $1,382,000.00.
- On Tuesday, May 26th, Edward Meyercord sold 100,000 shares of Extreme Networks stock. The shares were sold at an average price of $26.10, for a total value of $2,610,000.00.
Extreme Networks Price Performance
NASDAQ:EXTR opened at $32.34 on Wednesday. Extreme Networks, Inc. has a 52-week low of $13.48 and a 52-week high of $33.73. The company has a market cap of $4.23 billion, a P/E ratio of 269.50, a P/E/G ratio of 1.84 and a beta of 1.79. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.78 and a current ratio of 0.91. The stock's 50-day simple moving average is $30.37 and its 200 day simple moving average is $21.73.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on EXTR shares. UBS Group set a $28.00 price objective on Extreme Networks in a research note on Thursday, April 30th. Wall Street Zen downgraded shares of Extreme Networks from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 18th. Rosenblatt Securities upped their price target on shares of Extreme Networks from $29.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, June 11th. Bank of America lifted their price objective on shares of Extreme Networks from $28.00 to $33.00 and gave the company a "buy" rating in a research report on Monday, June 8th. Finally, B. Riley Financial restated a "buy" rating on shares of Extreme Networks in a research note on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Extreme Networks has a consensus rating of "Moderate Buy" and an average target price of $32.83.
Get Our Latest Stock Report on EXTR
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Extreme Networks by 1.9% in the fourth 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. M&T Bank Corp boosted its holdings in shares of Extreme Networks by 547.7% during the 4th quarter. M&T Bank Corp now owns 77,937 shares of the technology company's stock worth $1,298,000 after buying an additional 65,904 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Extreme Networks in the 4th quarter valued at about $1,009,000. Impax Asset Management Group plc grew its stake in Extreme Networks by 10.5% in the 4th quarter. Impax Asset Management Group plc now owns 945,178 shares of the technology company's stock valued at $15,737,000 after buying an additional 90,000 shares during the last quarter. Finally, Abacus FCF Advisors LLC bought a new position in Extreme Networks in the 4th quarter valued at about $6,439,000. 91.05% of the stock is owned by institutional investors and hedge funds.
Extreme Networks Company Profile
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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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