Extreme Networks, Inc. (NASDAQ:EXTR – Get Free Report) insider Katayoun Motiey sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $30.00, for a total transaction of $225,000.00. Following the transaction, the insider directly owned 150,834 shares of the company’s stock, valued at approximately $4,525,020. This trade represents a 4.74% decrease in their ownership of the stock. The sale 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 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 stock was 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 5.5%
EXTR stock traded up $1.55 during midday trading on Monday, hitting $29.57. The stock had a trading volume of 2,099,773 shares, compared to its average volume of 2,082,258. The firm has a market cap of $3.87 billion, a PE ratio of 246.42, a price-to-earnings-growth ratio of 2.65 and a beta of 1.80. 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, Inc. has a 12-month low of $13.48 and a 12-month high of $30.16. The company’s 50-day moving average price is $21.11 and its 200 day moving average price is $17.62.
Hedge Funds Weigh In On Extreme Networks
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Glenmede Trust Co. NA acquired a new position in shares of Extreme Networks during the 1st quarter valued at $10,129,000. Bank of America Corp DE lifted its holdings in shares of Extreme Networks by 73.5% during the 1st quarter. Bank of America Corp DE now owns 757,072 shares of the technology company’s stock valued at $11,417,000 after acquiring an additional 320,743 shares in the last quarter. Amundi increased its stake in Extreme Networks by 21.4% during the 1st quarter. Amundi now owns 376,970 shares of the technology company’s stock worth $5,685,000 after buying an additional 66,400 shares during the period. California State Teachers Retirement System increased its stake in Extreme Networks by 27.1% during the 1st quarter. California State Teachers Retirement System now owns 162,500 shares of the technology company’s stock worth $2,450,000 after buying an additional 34,696 shares during the period. Finally, Polar Asset Management Partners Inc. purchased a new stake in Extreme Networks during the 1st quarter worth $6,961,000. Institutional investors and hedge funds own 91.05% of the company’s stock.
Analyst Ratings Changes
EXTR has been the topic of a number of research analyst reports. Needham & Company LLC lifted their price target on shares of Extreme Networks from $21.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings lowered shares of Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. B. Riley Financial restated a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. Bank of America lifted their target price on shares of Extreme Networks from $28.00 to $33.00 and gave the company a “buy” rating in a report on Monday. Finally, Wall Street Zen upgraded shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 24th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.
Check Out Our Latest Research Report on EXTR
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.
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