Insider Selling: Extreme Networks (NASDAQ:EXTR) Director Sells $71,128.80 in Stock

Key Points

• Raj Khanna, an Extreme Networks director, sold 3,204 shares on April 30 and 6,796 shares on May 1 — about $222,000 total — with the trades executed under a pre‑arranged Rule 10b5‑1 plan.
• Extreme Networks beat quarterly expectations with $0.26 EPS (vs. $0.24 expected) and $316.87M in revenue (+11.4% YoY), issued Q4 2026 EPS guidance of $0.28–0.30, and carries a consensus “Moderate Buy” analyst rating with an average target of $25.50.

Extreme Networks, Inc. (NASDAQ:EXTR - Get Free Report) Director Raj Khanna sold 3,204 shares of the business's stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $22.20, for a total value of $71,128.80. Following the transaction, the director owned 226,858 shares in the company, valued at approximately $5,036,247.60. This represents a 1.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Raj Khanna also recently made the following trade(s):

• On Friday, May 1st, Raj Khanna sold 6,796 shares of Extreme Networks stock. The stock was sold at an average price of $22.20, for a total value of $150,871.20.

Extreme Networks Stock Up 2.5%

Shares of EXTR traded up $0.55 during midday trading on Monday, reaching $22.84. 3,339,135 shares of the company were exchanged, compared to its average volume of 3,112,034. The stock has a 50-day moving average price of $15.84 and a 200-day moving average price of $16.54. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 190.33, a P/E/G ratio of 2.35 and a beta of 1.77. Extreme Networks, Inc. has a 1-year low of $13.48 and a 1-year high of $23.20. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.89.

Extreme Networks (NASDAQ:EXTR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The company had revenue of $316.87 million for the quarter, compared to analysts' expectations of $311.48 million. Extreme Networks had a return on equity of 81.88% and a net margin of 1.30%.The firm's quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. Research analysts expect that Extreme Networks, Inc. will post 0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

EXTR has been the topic of several recent analyst reports. Weiss Ratings upgraded Extreme Networks from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday. B. Riley Financial reissued a "buy" rating on shares of Extreme Networks in a report on Thursday. Rosenblatt Securities reissued a "buy" rating and issued a $25.00 price objective on shares of Extreme Networks in a report on Thursday, January 29th. Lake Street Capital reissued a "buy" rating and issued a $25.00 price objective on shares of Extreme Networks in a report on Thursday. Finally, Wall Street Zen raised Extreme Networks from a "buy" rating to a "strong-buy" rating in a report on Sunday. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $25.50.

Institutional Trading of Extreme Networks

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC increased its holdings in Extreme Networks by 44.8% in the third quarter. CWM LLC now owns 2,095 shares of the technology company's stock valued at $43,000 after buying an additional 648 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Extreme Networks by 3.1% in the third quarter. Envestnet Asset Management Inc. now owns 22,783 shares of the technology company's stock valued at $470,000 after buying an additional 683 shares during the last quarter. Arizona State Retirement System increased its holdings in Extreme Networks by 1.8% in the third quarter. Arizona State Retirement System now owns 39,405 shares of the technology company's stock valued at $814,000 after buying an additional 685 shares during the last quarter. ProShare Advisors LLC increased its holdings in Extreme Networks by 3.0% in the fourth quarter. ProShare Advisors LLC now owns 25,609 shares of the technology company's stock valued at $426,000 after buying an additional 735 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in Extreme Networks by 3.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 30,633 shares of the technology company's stock valued at $510,000 after buying an additional 900 shares during the last quarter. 91.05% of the stock is owned by institutional investors.

Extreme Networks Company Profile

Extreme Networks, Inc NASDAQ: EXTR is a global provider of end-to-end networking solutions designed to support enterprise, data center, and service provider environments. The company's product portfolio encompasses high-performance wired and wireless access switches, routers, network security appliances, and software-defined networking (SDN) tools. Driven by a cloud-native management architecture, Extreme's Intelligent Edge Platform integrates network analytics, automation and orchestration capabilities to help organizations optimize performance, reduce operational complexity and strengthen security.

Since its founding in the mid-1990s and subsequent public listing in 1999, Extreme Networks has expanded its technology footprint through targeted acquisitions.

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