Extreme Networks, Inc. (NASDAQ:EXTR) Director Sells $83,500.00 in Stock

Extreme Networks, Inc. (NASDAQ:EXTR) Director Charles Carinalli sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $16.70, for a total transaction of $83,500.00. Following the transaction, the director now directly owns 366,793 shares of the company’s stock, valued at $6,125,443.10. The trade was a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, November 22nd, Charles Carinalli sold 5,000 shares of Extreme Networks stock. The stock was sold at an average price of $16.06, for a total transaction of $80,300.00.

Extreme Networks Trading Up 2.7 %

Shares of Extreme Networks stock traded up $0.45 during trading on Tuesday, hitting $16.94. 1,029,307 shares of the company were exchanged, compared to its average volume of 1,822,209. 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 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. The firm’s fifty day moving average price is $15.32 and its 200 day moving average price is $13.91. Extreme Networks, Inc. has a 1-year low of $10.49 and a 1-year high of $18.77.

Institutional Trading of Extreme Networks

Several hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in Extreme Networks during the 3rd quarter worth approximately $26,000. Acadian Asset Management LLC acquired a new stake in shares of Extreme Networks during the first quarter worth $27,000. GAMMA Investing LLC lifted its position in Extreme Networks by 109.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company’s stock valued at $30,000 after acquiring an additional 1,035 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Extreme Networks by 1,635.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,997 shares of the technology company’s stock worth $67,000 after purchasing an additional 4,709 shares during the period. Finally, KBC Group NV increased its holdings in Extreme Networks by 54.3% during the 3rd quarter. KBC Group NV now owns 4,959 shares of the technology company’s stock worth $75,000 after purchasing an additional 1,745 shares in the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

Wall Street Analyst Weigh In

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

About Extreme Networks

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.