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 stock in a transaction on Monday, November 25th. The stock was sold at an average price of $16.70, for a total value of $83,500.00. Following the transaction, the director now owns 366,793 shares in the company, valued at $6,125,443.10. The trade was a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

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

Extreme Networks Trading Up 2.7 %

Shares of NASDAQ:EXTR opened at $16.94 on Wednesday. The company has a market capitalization of $2.24 billion, a P/E ratio of -17.46, a P/E/G ratio of 3.49 and a beta of 1.77. Extreme Networks, Inc. has a 1 year low of $10.49 and a 1 year 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 business’s 50 day simple moving average is $15.32 and its 200 day simple moving average is $13.91.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EXTR. StockNews.com downgraded shares of Extreme Networks from a “buy” rating to a “hold” rating in a report on Monday. Needham & Company LLC reissued a “buy” rating and set a $16.50 price target on shares of Extreme Networks in a research report on Thursday, August 8th. B. Riley increased their price target on 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 increased their price target on Extreme Networks from $17.00 to $22.50 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Rosenblatt Securities reissued a “buy” rating and set a $21.00 price target on shares of Extreme Networks in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Institutional Investors Weigh In On Extreme Networks

Large investors have recently modified their holdings of the business. Quarry LP acquired a new stake in shares of Extreme Networks in the 3rd quarter valued at $26,000. GAMMA Investing LLC boosted its holdings in shares of 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 purchasing an additional 1,035 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Extreme Networks in the 1st quarter valued at $27,000. KBC Group NV boosted its holdings in shares of Extreme Networks by 54.3% in the 3rd quarter. KBC Group NV now owns 4,959 shares of the technology company’s stock valued at $75,000 after purchasing an additional 1,745 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 valued at $67,000 after purchasing an additional 4,709 shares in the last quarter. Institutional investors and hedge funds own 91.05% of the company’s stock.

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.