Extreme Networks (NASDAQ:EXTR) Director Raj Khanna Sells 6,796 Shares

Extreme Networks, Inc. (NASDAQ:EXTR) Director Raj Khanna sold 6,796 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $22.20, for a total transaction of $150,871.20. Following the completion of the sale, the director owned 220,062 shares of the company’s stock, valued at approximately $4,885,376.40. The trade was a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Raj Khanna also recently made the following trade(s):

• On Thursday, April 30th, Raj Khanna sold 3,204 shares of Extreme Networks stock. The shares were sold at an average price of $22.20, for a total transaction of $71,128.80.

Extreme Networks Stock Performance

NASDAQ:EXTR traded up $0.55 during mid-day trading on Monday, reaching $22.84. The stock had a trading volume of 3,339,135 shares, compared to its average volume of 3,112,034. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.78 and a current ratio of 0.91. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 190.33, a PEG ratio of 2.35 and a beta of 1.77. Extreme Networks, Inc. has a twelve month low of $13.48 and a twelve month high of $23.20. The business has a 50 day simple moving average of $15.84 and a 200 day simple moving average of $16.54.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The firm had revenue of $316.87 million during the quarter, compared to the consensus estimate of $311.48 million. Extreme Networks had a net margin of 1.30% and a return on equity of 81.88%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 earnings per share. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. On average, analysts expect that Extreme Networks, Inc. will post 0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its stake in shares of Extreme Networks by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 656,528 shares of the technology company’s stock worth $9,900,000 after purchasing an additional 17,187 shares in the last quarter. Pittenger & Anderson Inc. increased its stake in shares of Extreme Networks by 300.0% during the 1st quarter. Pittenger & Anderson Inc. now owns 4,000 shares of the technology company’s stock worth $60,000 after purchasing an additional 3,000 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Extreme Networks by 3,769.7% during the 1st quarter. Fifth Third Bancorp now owns 30,609 shares of the technology company’s stock worth $462,000 after purchasing an additional 29,818 shares in the last quarter. Simplicity Wealth LLC purchased a new position in shares of Extreme Networks during the 1st quarter worth approximately $260,000. Finally, Howe & Rusling Inc. increased its stake in shares of Extreme Networks by 15.2% during the 1st quarter. Howe & Rusling Inc. now owns 24,105 shares of the technology company’s stock worth $364,000 after purchasing an additional 3,182 shares in the last quarter. 91.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EXTR shares. UBS Group set a $28.00 target price on shares of Extreme Networks in a report on Thursday. Weiss Ratings raised shares of Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Sunday. B. Riley Financial reaffirmed a “buy” rating on shares of Extreme Networks in a report on Thursday. Finally, Needham & Company LLC increased their target price on shares of Extreme Networks from $21.00 to $26.00 and gave the company a “buy” rating in a report on Thursday. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.