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 that occurred on Friday, November 22nd. The stock was sold at an average price of $16.06, for a total transaction of $80,300.00. Following the sale, the director now owns 371,793 shares in the company, valued at approximately $5,970,995.58. This trade represents a 1.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $16.70, for a total value of $83,500.00.

Extreme Networks Stock Down 3.1 %

EXTR opened at $16.42 on Friday. Extreme Networks, Inc. has a 52-week low of $10.49 and a 52-week high of $18.77. The company has a 50 day moving average of $15.40 and a two-hundred day moving average of $13.98. The company has a current ratio of 0.91, a quick ratio of 0.63 and a debt-to-equity ratio of 5.33.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Craig Hallum upped their target price on Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a research note on Thursday, October 31st. Rosenblatt Securities reiterated a “buy” rating and set a $21.00 price objective on shares of Extreme Networks in a report on Wednesday, November 6th. Needham & Company LLC restated a “buy” rating and issued a $16.50 target price on shares of Extreme Networks in a report on Thursday, August 8th. StockNews.com downgraded shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Monday. Finally, B. Riley boosted their price objective on shares of Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.00.

Institutional Trading of Extreme Networks

A number of institutional investors have recently added to or reduced their stakes in EXTR. Andina Capital Management LLC raised its position in Extreme Networks by 3.8% in the second quarter. Andina Capital Management LLC now owns 19,610 shares of the technology company’s stock valued at $264,000 after purchasing an additional 719 shares during the period. GAMMA Investing LLC raised its holdings in shares of Extreme Networks by 109.5% during the 3rd 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. OneDigital Investment Advisors LLC lifted its position in Extreme Networks by 2.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 70,841 shares of the technology company’s stock worth $1,065,000 after acquiring an additional 1,541 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Extreme Networks by 2.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 65,400 shares of the technology company’s stock worth $880,000 after acquiring an additional 1,600 shares during the period. Finally, Quarry LP acquired a new stake in Extreme Networks in the third quarter valued at approximately $26,000. 91.05% of the stock is owned by hedge funds and other institutional investors.

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.