Katayoun Motiey, Chief Legal Admin Sust Officer at Extreme Networks Inc. (NASDAQ:EXTR), sold 15,000 shares of common stock on May 26, 2026, for a total value of $397,500. The shares were sold at prices ranging from $26.0 to $27.0 per share.
The sale comes as EXTR trades near its 52-week high of $27.28. The stock has delivered a 65% return over the past year and gained 60% year-to-date. The transactions were executed under a 10b5-1 trading plan adopted on September 4, 2025.
Following the sales, Motiey indirectly holds 173,334 shares through The Katayoun Motiey Trust. According to Bond.az analysis, EXTR currently appears overvalued relative to its Fair Value.
In other news, Extreme Networks reported strong Q3 fiscal 2026 results, with EPS of $0.26 beating the forecast of $0.24. Revenue was $317 million, exceeding the expected $311.48 million. The company raised its Q4 revenue guidance by about 2%.
Analysts have responded positively: Needham raised its price target to $26 from $21, while BofA Securities raised to $28 from $24, both maintaining Buy ratings.
