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 stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $16.70, for a total value of $83,500.00. Following the completion of the transaction, the director now directly owns 366,793 shares in the company, valued at approximately $6,125,443.10. This represents a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 Stock Down 3.1 %

Shares of Extreme Networks stock opened at $16.42 on Friday. The company has a debt-to-equity ratio of 5.33, a quick ratio of 0.63 and a current ratio of 0.91. The stock’s 50-day simple moving average is $15.40 and its 200-day simple moving average is $13.98. Extreme Networks, Inc. has a 52 week low of $10.49 and a 52 week high of $18.77.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in Extreme Networks during the 3rd quarter valued at approximately $26,000. GAMMA Investing LLC boosted its position in shares of Extreme Networks by 109.5% during the third quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company’s stock worth $30,000 after acquiring an additional 1,035 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Extreme Networks during the first quarter valued at $27,000. KBC Group NV increased its holdings in 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 acquiring an additional 1,745 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted 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 in the last quarter. 91.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXTR has been the subject of a number of research reports. B. Riley upped their target price 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. Needham & Company LLC restated a “buy” rating and issued a $16.50 price objective on shares of Extreme Networks in a research note on Thursday, August 8th. Rosenblatt Securities reiterated 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 upped 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, StockNews.com downgraded Extreme Networks from a “buy” rating to a “hold” rating in a research note on Monday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently 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.