GuruFocus - On August 13, 2024, Ingrid Burton, Director at Extreme Networks Inc (NASDAQ:EXTR), executed a sale of 7,521 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 67,188 shares of Extreme Networks Inc.
Extreme Networks Inc, headquartered in San Jose, California, is a software-driven networking company. It designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.
This insider sale is part of a broader trend observed over the past year at Extreme Networks Inc, where there have been no insider purchases but seven insider sales. The insider transaction history reflects a cautious disposition among insiders towards the company's stock during this period.
Shares of Extreme Networks Inc were priced at $13.53 on the day of the transaction. The company's market cap is approximately $1.88 billion. According to the GF Value, the stock is considered Fairly Valued with a price-to-GF-Value ratio of 0.97.
The GF Value is a proprietary measure used to determine the fair value of a stock, taking into account historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from analysts.
The recent insider selling activity could be a point of interest for current and potential investors, providing insight into how insiders view the stock's valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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