Extreme Networks (NASDAQ:EXTR) Insider Katayoun Motiey Sells 30,000 Shares of Stock

Extreme Networks, Inc. (NASDAQ:EXTR) insider Katayoun Motiey sold 30,000 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $31.03, for a total transaction of $930,900.00. Following the sale, the insider owned 120,834 shares of the company’s stock, valued at $3,749,479.02. This trade represents a 19.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Katayoun Motiey also recently made the following trade(s):

• On Monday, June 8th, Katayoun Motiey sold 7,500 shares of Extreme Networks stock. The shares were sold at an average price of $30.00, for a total transaction of $225,000.00.
• 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 transaction 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 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 Up 0.1%

Shares of EXTR opened at $31.11 on Friday. Extreme Networks, Inc. has a 1-year low of $13.48 and a 1-year high of $31.57. The firm has a 50 day simple moving average of $22.58 and a 200-day simple moving average of $18.06. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 259.25, a price-to-earnings-growth ratio of 2.93 and a beta of 1.81. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.91 and a quick ratio of 0.78.

Extreme Networks (NASDAQ:EXTR) last released its earnings results on Wednesday, April 29th. The technology company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm 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%. Extreme Networks’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Equities analysts forecast that Extreme Networks, Inc. will post 0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Extreme Networks

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Extreme Networks by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 19,112,223 shares of the technology company’s stock valued at $318,219,000 after acquiring an additional 349,199 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in 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 worth $6,868,000 after buying an additional 332,130 shares in the last quarter. M&T Bank Corp lifted its holdings in Extreme Networks by 547.7% in 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 in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Extreme Networks in the 4th quarter worth $1,009,000. Finally, Counterpoint Mutual Funds LLC lifted its holdings in Extreme Networks by 203.7% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 132,439 shares of the technology company’s stock worth $2,735,000 after buying an additional 88,835 shares in the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on EXTR shares. Weiss Ratings cut shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. B. Riley Financial reiterated a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. Bank of America lifted their price target on shares of Extreme Networks from $28.00 to $33.00 and gave the company a “buy” rating in a report on Monday, June 8th. Lake Street Capital reiterated a “buy” rating and issued a $25.00 price target on shares of Extreme Networks in a report on Thursday, April 30th. Finally, Rosenblatt Securities lifted their price target on shares of Extreme Networks from $29.00 to $39.00 and gave the company a “buy” rating in a report on Thursday. Six 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.33.

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.