Extreme Networks, Inc. (NASDAQ:EXTR) Director Sells $80,300.00 in Stock

Extreme Networks, Inc. (NASDAQ:EXTR) Director Charles Carinalli sold 5,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $16.06, for a total transaction of $80,300.00. Following the transaction, the director now owns 371,793 shares of the company’s stock, valued at $5,970,995.58. This trade represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Charles Carinalli also recently made the following trade(s):

• On Monday, November 25th, Charles Carinalli sold 5,000 shares of Extreme Networks stock. The shares were sold at an average price of $16.70, for a total value of $83,500.00.

Extreme Networks Trading Up 2.7 %

EXTR traded up $0.45 during trading on Tuesday, hitting $16.94. 1,029,307 shares of the stock traded hands, compared to its average volume of 1,822,209. The firm has a market capitalization of $2.24 billion, a P/E ratio of -17.00, a price-to-earnings-growth ratio of 3.49 and a beta of 1.77. Extreme Networks, Inc. has a 12-month low of $10.49 and a 12-month high of $18.77. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.63. The firm has a 50-day moving average of $15.32 and a 200 day moving average of $13.91.

Institutional Investors Weigh In On Extreme Networks

Institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. boosted its position in shares of Extreme Networks by 318.7% in the 3rd quarter. Victory Capital Management Inc. now owns 4,466,031 shares of the technology company’s stock worth $67,124,000 after purchasing an additional 3,399,288 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Extreme Networks by 16.9% in the first quarter. Vanguard Group Inc. now owns 15,181,169 shares of the technology company’s stock worth $175,191,000 after buying an additional 2,191,181 shares during the period. William Blair Investment Management LLC purchased a new position in shares of Extreme Networks in the second quarter valued at about $25,409,000. Rubric Capital Management LP lifted its stake in Extreme Networks by 52.3% in the 2nd quarter. Rubric Capital Management LP now owns 5,254,744 shares of the technology company’s stock worth $70,676,000 after purchasing an additional 1,804,744 shares in the last quarter. Finally, Portolan Capital Management LLC lifted its position in Extreme Networks by 194.6% during the third quarter. Portolan Capital Management LLC now owns 1,060,828 shares of the technology company’s stock valued at $15,944,000 after purchasing an additional 700,724 shares during the last quarter. 91.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EXTR. B. Riley upped their price objective on shares of Extreme Networks from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Craig Hallum lifted their price objective on shares of Extreme Networks from $17.00 to $22.50 and gave the stock a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC reiterated a “buy” rating and issued a $16.50 target price on shares of Extreme Networks in a research report on Thursday, August 8th. Rosenblatt Securities restated a “buy” rating and set a $21.00 price target on shares of Extreme Networks in a research report on Wednesday, November 6th. Finally, StockNews.com lowered shares of Extreme Networks from a “buy” rating to a “hold” rating in a report on Monday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

Extreme Networks Company Profile

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.