Katayoun Motiey Sells 15,000 Shares of Extreme Networks (NASDAQ:EXTR) Stock

Extreme Networks, Inc. (NASDAQ:EXTR) insider Katayoun Motiey sold 15,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $26.50, for a total value of $397,500.00. Following the completion of the sale, the insider owned 173,334 shares of the company’s stock, valued at approximately $4,593,351. This represents a 7.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 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 Stock Down 1.7%

NASDAQ EXTR traded down $0.46 during trading hours on Thursday, hitting $26.21. The company had a trading volume of 1,400,671 shares, compared to its average volume of 2,077,498. Extreme Networks, Inc. has a fifty-two week low of $13.48 and a fifty-two week high of $27.28. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 218.42, a P/E/G ratio of 2.55 and a beta of 1.77. 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 firm’s 50 day moving average is $19.29 and its 200 day moving average is $17.10.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings results 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 firm had revenue of $316.87 million during the quarter, compared to the consensus estimate of $311.48 million. During the same period in the prior year, the firm earned $0.21 EPS. The firm’s quarterly 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. Sell-side analysts anticipate that Extreme Networks, Inc. will post 0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Extreme Networks

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new position in Extreme Networks in the third quarter worth about $31,000. Rockefeller Capital Management L.P. lifted its holdings in Extreme Networks by 313.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,957 shares of the technology company’s stock worth $33,000 after acquiring an additional 1,484 shares during the last quarter. CWM LLC lifted its holdings in Extreme Networks by 51.7% in the fourth quarter. CWM LLC now owns 3,179 shares of the technology company’s stock worth $53,000 after acquiring an additional 1,084 shares during the last quarter. Quarry LP lifted its holdings in Extreme Networks by 74.9% in the third quarter. Quarry LP now owns 2,610 shares of the technology company’s stock worth $54,000 after acquiring an additional 1,118 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in Extreme Networks by 136.8% in the fourth quarter. Advisors Asset Management Inc. now owns 3,221 shares of the technology company’s stock worth $54,000 after acquiring an additional 1,861 shares during the last quarter. Institutional investors own 91.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on EXTR shares. Needham & Company LLC raised their target price on Extreme Networks from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wall Street Zen upgraded Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Sunday. UBS Group set a $28.00 target price on Extreme Networks in a research note on Thursday, April 30th. Lake Street Capital restated a “buy” rating and set a $25.00 target price on shares of Extreme Networks in a research note on Thursday, April 30th. Finally, Rosenblatt Securities restated a “buy” rating and set a $25.00 target price on shares of Extreme Networks in a research note on Thursday, January 29th. Six 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. According to MarketBeat, Extreme Networks currently has a consensus rating of “Moderate Buy” and an average price target of $25.50.

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.