Extreme Networks (NASDAQ:EXTR) Director Raj Khanna Sells 3,204 Shares of Stock

Extreme Networks, Inc. (NASDAQ:EXTR) Director Raj Khanna sold 3,204 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $22.20, for a total transaction of $71,128.80. Following the sale, the director owned 226,858 shares of the company’s stock, valued at approximately $5,036,247.60. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Raj Khanna also recently made the following trade(s):

• On Friday, May 1st, Raj Khanna sold 6,796 shares of Extreme Networks stock. The stock was sold at an average price of $22.20, for a total transaction of $150,871.20.

Extreme Networks Stock Performance

Shares of EXTR stock opened at $22.84 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.89. The company has a market cap of $3.07 billion, a PE ratio of 190.33, a P/E/G ratio of 2.35 and a beta of 1.77. The company’s fifty day simple moving average is $15.84 and its 200-day simple moving average is $16.54. Extreme Networks, Inc. has a 52 week low of $13.48 and a 52 week high of $23.20.

Extreme Networks (NASDAQ:EXTR) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $311.48 million. During the same period in the prior year, the company earned $0.21 EPS. The firm’s revenue was up 11.4% on a year-over-year basis. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. As a group, equities research analysts anticipate that Extreme Networks, Inc. will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Axecap Investments LLC acquired a new position in Extreme Networks during the 3rd quarter worth $1,609,000. Lisanti Capital Growth LLC grew its holdings in Extreme Networks by 72.5% during the 3rd quarter. Lisanti Capital Growth LLC now owns 248,712 shares of the technology company’s stock worth $5,136,000 after acquiring an additional 104,557 shares in the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of Extreme Networks by 73,806.7% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 332,580 shares of the technology company’s stock worth $6,868,000 after buying an additional 332,130 shares during the last quarter. Counterpoint Mutual Funds LLC lifted its position in shares of Extreme Networks by 203.7% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 132,439 shares of the technology company’s stock worth $2,735,000 after buying an additional 88,835 shares during the last quarter. Finally, Algert Global LLC lifted its position in shares of Extreme Networks by 49.6% in the 3rd quarter. Algert Global LLC now owns 933,067 shares of the technology company’s stock worth $19,268,000 after buying an additional 309,169 shares during the last quarter. 91.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Weiss Ratings upgraded Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Lake Street Capital reissued a “buy” rating and set a $25.00 target price on shares of Extreme Networks in a research report on Thursday. Rosenblatt Securities restated a “buy” rating and issued a $25.00 target price on shares of Extreme Networks in a research note on Thursday, January 29th. B. Riley Financial reaffirmed a “buy” rating on shares of Extreme Networks in a report on Thursday. Finally, Wall Street Zen raised shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a report on Sunday. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.50.

About Extreme Networks

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.