Extreme Networks (NASDAQ:EXTR) Insider Katayoun Motiey Sells 7,500 Shares

Extreme Networks, Inc. (NASDAQ:EXTR) insider Katayoun Motiey sold 7,500 shares of Extreme Networks stock in a transaction dated 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 transaction, the insider directly owned 150,834 shares in the company, valued at $4,525,020. This represents a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 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 Stock Performance

NASDAQ EXTR opened at $29.57 on Tuesday. The firm has a market capitalization of $3.87 billion, a P/E ratio of 246.42, a P/E/G ratio of 2.65 and a beta of 1.80. Extreme Networks, Inc. has a 1-year low of $13.48 and a 1-year high of $30.16. 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 business’s 50-day simple moving average is $21.40 and its 200-day simple moving average is $17.71.

Extreme Networks (NASDAQ:EXTR) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $316.87 million for the quarter, compared to analyst estimates of $311.48 million. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The company’s revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Equities analysts predict that Extreme Networks, Inc. will post 0.53 EPS for the current year.

Institutional Investors Weigh In On Extreme Networks

Several hedge funds and other institutional investors have recently bought and sold shares of EXTR. Alyeska Investment Group L.P. increased its holdings 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 worth $49,479,000 after purchasing an additional 2,232,373 shares during the last quarter. Jain Global LLC purchased a new stake in Extreme Networks during the 4th quarter worth approximately $17,361,000. SEB Asset Management AB purchased a new stake in Extreme Networks during the 1st quarter worth approximately $12,192,000. Millennium Management LLC increased its holdings in Extreme Networks by 163.0% during the 1st quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock worth $16,675,000 after purchasing an additional 781,103 shares during the last quarter. Finally, Glenmede Trust Co. NA purchased a new stake in Extreme Networks during the 1st quarter worth approximately $10,129,000. 91.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on EXTR shares. UBS Group set a $28.00 target price on Extreme Networks in a report on Thursday, April 30th. B. Riley Financial reiterated a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. 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 report on Thursday, April 30th. Lake Street Capital reiterated a “buy” rating and set a $25.00 target price on shares of Extreme Networks in a report on Thursday, April 30th. Finally, Weiss Ratings downgraded Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Extreme Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

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.