Extreme Networks, Inc. (NASDAQ:EXTR) Director Charles Carinalli Sells 5,000 Shares

Extreme Networks, Inc. (NASDAQ:EXTR) Director Charles Carinalli sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 371,793 shares of the company’s stock, valued at approximately $5,970,995.58. This trade represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 transaction of $83,500.00.

Extreme Networks Trading Up 2.7 %

NASDAQ:EXTR opened at $16.94 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.63 and a debt-to-equity ratio of 5.33. The firm has a fifty day simple moving average of $15.32 and a 200-day simple moving average of $13.91. Extreme Networks, Inc. has a 12 month low of $10.49 and a 12 month high of $18.77. The company has a market capitalization of $2.24 billion, a P/E ratio of -17.46, a PEG ratio of 3.49 and a beta of 1.77.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. SkyView Investment Advisors LLC raised its holdings in shares of Extreme Networks by 8.7% during the third quarter. SkyView Investment Advisors LLC now owns 101,439 shares of the technology company’s stock worth $1,525,000 after purchasing an additional 8,131 shares during the last quarter. Barclays PLC raised its holdings in shares of Extreme Networks by 369.8% during the third quarter. Barclays PLC now owns 217,875 shares of the technology company’s stock worth $3,274,000 after purchasing an additional 171,500 shares during the last quarter. State Street Corp raised its holdings in shares of Extreme Networks by 1.0% during the third quarter. State Street Corp now owns 5,134,008 shares of the technology company’s stock worth $77,164,000 after purchasing an additional 49,905 shares during the last quarter. Quarry LP purchased a new position in shares of Extreme Networks during the third quarter worth $26,000. Finally, Portolan Capital Management LLC raised its holdings in shares of 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 worth $15,944,000 after purchasing an additional 700,724 shares during the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Analyst Ratings Changes

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