Insider Selling: Extreme Networks (NASDAQ:EXTR) CEO Sells $2,920,000.00 in Stock

Posted by George Bondi on Jun 5th, 2026

Extreme Networks, Inc. (NASDAQ:EXTR – Get Free Report) CEO Edward Meyercord sold 100,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $29.20, for a total value of $2,920,000.00. Following the completion of the transaction, the chief executive officer owned 1,621,902 shares of the company’s stock, valued at approximately $47,359,538.40. This represents a 5.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Edward Meyercord also recently made the following trade(s):

On Monday, June 1st, Edward Meyercord sold 50,000 shares of Extreme Networks stock. The shares were sold at an average price of $27.64, for a total value of $1,382,000.00.
On Tuesday, May 26th, Edward Meyercord sold 100,000 shares of Extreme Networks stock. The shares were sold at an average price of $26.10, for a total value of $2,610,000.00.
On Tuesday, May 5th, Edward Meyercord sold 21,209 shares of Extreme Networks stock. The shares were sold at an average price of $23.12, for a total value of $490,352.08.
On Monday, May 4th, Edward Meyercord sold 78,791 shares of Extreme Networks stock. The shares were sold at an average price of $23.06, for a total value of $1,816,920.46.
On Friday, May 1st, Edward Meyercord sold 50,000 shares of Extreme Networks stock. The shares were sold at an average price of $22.08, for a total value of $1,104,000.00.
On Wednesday, April 1st, Edward Meyercord sold 50,000 shares of Extreme Networks stock. The shares were sold at an average price of $15.30, for a total value of $765,000.00.

Extreme Networks Trading Up 2.8%

Shares of EXTR stock opened at $29.61 on Friday. The firm has a 50-day moving average price of $20.86 and a 200 day moving average price of $17.54. Extreme Networks, Inc. has a twelve month low of $13.48 and a twelve month high of $29.78. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 246.75, a PEG ratio of 2.72 and a beta of 1.81. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.89.

Extreme Networks (NASDAQ:EXTR – Get Free Report) 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 net margin of 1.30% and a return on equity of 81.88%. The firm had revenue of $316.87 million during the quarter, compared to the consensus estimate of $311.48 million. During the same quarter in the previous year, the company posted $0.21 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Research analysts forecast that Extreme Networks, Inc. will post 0.53 earnings per share for the current fiscal year.

Institutional Trading of Extreme Networks

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXTR. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Extreme Networks during the 3rd quarter worth about $31,000. Rockefeller Capital Management L.P. grew its holdings in shares of Extreme Networks by 313.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,957 shares of the technology company’s stock worth $33,000 after purchasing an additional 1,484 shares during the period. Quarry LP grew its holdings in shares of Extreme Networks by 74.9% during the 3rd quarter. Quarry LP now owns 2,610 shares of the technology company’s stock worth $54,000 after purchasing an additional 1,118 shares during the period. CWM LLC grew its holdings in shares of Extreme Networks by 51.7% during the 4th quarter. CWM LLC now owns 3,179 shares of the technology company’s stock worth $53,000 after purchasing an additional 1,084 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in shares of Extreme Networks by 136.8% during the 4th quarter. Advisors Asset Management Inc. now owns 3,221 shares of the technology company’s stock worth $54,000 after purchasing an additional 1,861 shares during the period. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Wall Street Analysts Forecast Growth

EXTR has been the subject of several analyst reports. Needham & Company LLC boosted their target price on shares of Extreme Networks from $21.00 to $26.00 and gave the company a “buy” rating 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 research note on Sunday, May 24th. UBS Group set a $28.00 price target on Extreme Networks in a report on Thursday, April 30th. Weiss Ratings cut Extreme Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Finally, B. Riley Financial restated a “buy” rating on shares of Extreme Networks in a report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Read Our Latest Research Report on Extreme Networks

About Extreme Networks

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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.