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 transaction 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 represents a 19.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 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 shares were sold at an average price of $25.00, for a total transaction of $191,525.00.

Extreme Networks Price Performance

EXTR opened at $31.11 on Friday. The firm has a market cap of $4.07 billion, a P/E ratio of 259.25, a PEG ratio of 2.94 and a beta of 1.81. The firm has a 50-day moving average of $22.58 and a 200 day moving average of $18.06. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.78 and a current ratio of 0.91. Extreme Networks, Inc. has a fifty-two week low of $13.48 and a fifty-two week high of $31.57.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly 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. The company had revenue of $316.87 million during the quarter, compared to analyst estimates 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 for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 earnings per share. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. On average, research analysts expect that Extreme Networks, Inc. will post 0.53 EPS for the current year.

Hedge Funds Weigh In On Extreme Networks

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Extreme Networks by 1.9% in the fourth 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 during the period. Hillsdale Investment Management Inc. boosted its position in shares of Extreme Networks by 73,806.7% in the third quarter. Hillsdale Investment Management Inc. now owns 332,580 shares of the technology company’s stock valued at $6,868,000 after acquiring an additional 332,130 shares during the period. M&T Bank Corp boosted its position in shares of Extreme Networks by 547.7% in the fourth quarter. M&T Bank Corp now owns 77,937 shares of the technology company’s stock valued at $1,298,000 after acquiring an additional 65,904 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Extreme Networks in the fourth quarter valued at approximately $1,009,000. Finally, Counterpoint Mutual Funds LLC boosted its position in shares of Extreme Networks by 203.7% in the third quarter. Counterpoint Mutual Funds LLC now owns 132,439 shares of the technology company’s stock valued at $2,735,000 after acquiring an additional 88,835 shares during the period. Institutional investors own 91.05% of the company’s stock.

Analyst Upgrades and Downgrades

EXTR has been the subject of several research reports. Rosenblatt Securities increased their price target on shares of Extreme Networks from $29.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America increased their price target on shares of Extreme Networks from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, June 8th. B. Riley Financial restated a “buy” rating on shares of Extreme Networks in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 24th. Finally, UBS Group set a $28.00 target price on shares of Extreme Networks in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently 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.