Charles Carinalli Sells 5,000 Shares of Extreme Networks, Inc. (NASDAQ:EXTR) Stock

Extreme Networks, Inc. (NASDAQ:EXTR) Director Charles Carinalli sold 5,000 shares of the company’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 $5,970,995.58. This trade represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a 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 value of $83,500.00.

Extreme Networks Stock Performance

Shares of NASDAQ EXTR opened at $16.42 on Thursday. The firm’s fifty day moving average is $15.38 and its two-hundred day moving average is $13.97. Extreme Networks, Inc. has a 52-week low of $10.49 and a 52-week high of $18.77. The company has a market cap of $2.17 billion, a P/E ratio of -16.93, a P/E/G ratio of 3.59 and a beta of 1.77. The company has a debt-to-equity ratio of 5.33, a quick ratio of 0.63 and a current ratio of 0.91.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Extreme Networks

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Extreme Networks by 16.9% during the 1st quarter. Vanguard Group Inc. now owns 15,181,169 shares of the technology company’s stock worth $175,191,000 after acquiring an additional 2,191,181 shares in the last quarter. Acadian Asset Management LLC bought a new position in Extreme Networks during the first quarter valued at $27,000. CANADA LIFE ASSURANCE Co grew its stake in shares of Extreme Networks by 5.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 147,269 shares of the technology company’s stock worth $1,697,000 after buying an additional 7,326 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Extreme Networks by 0.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 692,617 shares of the technology company’s stock worth $7,994,000 after buying an additional 3,869 shares during the last quarter. Finally, SkyView Investment Advisors LLC raised its position in shares of Extreme Networks by 45.8% during the 1st quarter. SkyView Investment Advisors LLC now owns 75,798 shares of the technology company’s stock valued at $875,000 after buying an additional 23,812 shares in the last quarter. 91.05% of the stock is currently owned by hedge funds and other 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.