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 on Friday, November 22nd. The stock was sold at an average price of $16.06, for a total value 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 represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a legal 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 Price Performance

Shares of EXTR stock opened at $16.42 on Thursday. Extreme Networks, Inc. has a twelve month low of $10.49 and a twelve month high of $18.77. 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 stock has a fifty day simple moving average of $15.38 and a two-hundred day simple moving average of $13.97. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of -16.93, a P/E/G ratio of 3.59 and a beta of 1.77.

Analyst Ratings Changes

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

Institutional Trading of Extreme Networks

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP purchased a new position in Extreme Networks during the 3rd quarter valued at about $26,000. Acadian Asset Management LLC bought a new position in shares of Extreme Networks during the first quarter valued at approximately $27,000. GAMMA Investing LLC increased its holdings in Extreme Networks by 109.5% during the third quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company’s stock valued at $30,000 after buying an additional 1,035 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Extreme Networks by 1,635.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,997 shares of the technology company’s stock worth $67,000 after buying an additional 4,709 shares in the last quarter. Finally, KBC Group NV raised its stake in Extreme Networks by 54.3% in the third quarter. KBC Group NV now owns 4,959 shares of the technology company’s stock worth $75,000 after buying an additional 1,745 shares in the last quarter. 91.05% of the stock is currently owned by institutional investors.

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.