Extreme Networks (NASDAQ:EXTR) Insider Katayoun Motiey Sells 7,500 Shares of 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 value of $210,000.00. Following the transaction, the insider directly owned 165,834 shares in the company, valued at approximately $4,643,352. The trade was a 4.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 value 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 value of $191,525.00.

Extreme Networks Price Performance

EXTR opened at $29.48 on Wednesday. The stock’s 50-day moving average price is $20.01 and its 200 day moving average price is $17.30. Extreme Networks, Inc. has a 12-month low of $13.48 and a 12-month high of $29.48. 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 firm has a market cap of $3.86 billion, a price-to-earnings ratio of 245.67, a PEG ratio of 2.66 and a beta of 1.80.

Extreme Networks (NASDAQ:EXTR) last posted its earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $311.48 million. During the same quarter in the prior year, the company earned $0.21 EPS. Extreme Networks’s 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, sell-side analysts expect that Extreme Networks, Inc. will post 0.53 earnings per share for the current year.

Institutional Investors Weigh In On Extreme Networks

A number of hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its holdings in shares of Extreme Networks by 3.1% in the 3rd 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 increased its holdings in shares of Extreme Networks by 1.8% in the 3rd 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 increased its holdings in shares of Extreme Networks by 3.0% in the 4th 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. PNC Financial Services Group Inc. increased its holdings in shares of Extreme Networks by 7.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,001 shares of the technology company’s stock valued at $166,000 after acquiring an additional 735 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of Extreme Networks by 3.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 30,633 shares of the technology company’s stock valued at $510,000 after acquiring an additional 900 shares during the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

Wall Street Analyst Weigh In

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

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.