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

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

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 stock was 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 shares were sold at an average price of $25.00, for a total transaction of $191,525.00.

Extreme Networks Stock Up 0.1%

Extreme Networks stock traded up $0.04 during midday trading on Friday, hitting $31.11. 1,676,194 shares of the stock were exchanged, compared to its average volume of 2,084,610. Extreme Networks, Inc. has a 1 year low of $13.48 and a 1 year high of $31.57. 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 has a market cap of $4.07 billion, a P/E ratio of 259.25, a P/E/G ratio of 2.70 and a beta of 1.81. The company has a 50 day moving average price of $22.26 and a two-hundred day moving average price of $17.97.

Extreme Networks (NASDAQ:EXTR) last announced its earnings results 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. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The company had revenue of $316.87 million during the quarter, compared to the consensus estimate of $311.48 million. During the same period last year, the firm earned $0.21 earnings per share. The company’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. On average, sell-side analysts predict that Extreme Networks, Inc. will post 0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Extreme Networks

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Extreme Networks by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 19,112,223 shares of the technology company’s stock worth $318,219,000 after purchasing an additional 349,199 shares during the period. Hillsdale Investment Management Inc. raised its holdings in shares of Extreme Networks by 73,806.7% during the third quarter. Hillsdale Investment Management Inc. now owns 332,580 shares of the technology company’s stock worth $6,868,000 after purchasing an additional 332,130 shares during the period. M&T Bank Corp lifted its position in shares of 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 during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Extreme Networks in the 4th quarter worth about $1,009,000. Finally, Counterpoint Mutual Funds LLC lifted its position in shares of 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 during the last quarter. 91.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EXTR has been the topic of several analyst reports. UBS Group set a $28.00 price objective on 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 stock a “buy” rating in a research note on Monday. Lake Street Capital restated a “buy” rating and issued a $25.00 price target on shares of Extreme Networks in a research note on Thursday, April 30th. Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 24th. Finally, Weiss Ratings downgraded shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. Six research 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.33.

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.