Axon Enterprise (NASDAQ:AXON) Insider Elizabeth Reid Coughlin Sells 1,554 Shares

Axon Enterprise, Inc (NASDAQ:AXON) insider Elizabeth Reid Coughlin sold 1,554 shares of Axon Enterprise stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $485.00, for a total value of $753,690.00. Following the transaction, the insider owned 34,024 shares of the company’s stock, valued at $16,501,640. This represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Axon Enterprise Stock Performance

AXON opened at $471.06 on Tuesday. The business has a fifty day simple moving average of $408.45 and a 200 day simple moving average of $491.12. The company has a market capitalization of $37.97 billion, a PE ratio of 189.18, a price-to-earnings-growth ratio of 8.84 and a beta of 1.45. Axon Enterprise, Inc has a 1 year low of $339.01 and a 1 year high of $885.91. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.27 and a quick ratio of 1.93.

Axon Enterprise (NASDAQ:AXON) last released its quarterly earnings results on Wednesday, May 6th. The biotechnology company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.01. The business had revenue of $807.35 million during the quarter, compared to the consensus estimate of $778.91 million. Axon Enterprise had a return on equity of 3.78% and a net margin of 6.90%.The firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.47 EPS. Research analysts expect that Axon Enterprise, Inc will post 1.82 EPS for the current year.

Hedge Funds Weigh In On Axon Enterprise

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AXON. New Millennium Group LLC acquired a new position in shares of Axon Enterprise during the 3rd quarter worth $29,000. Darwin Wealth Management LLC acquired a new position in shares of Axon Enterprise during the 2nd quarter worth $37,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Axon Enterprise during the 4th quarter worth $28,000. Sound Income Strategies LLC raised its holdings in shares of Axon Enterprise by 550.0% during the 4th quarter. Sound Income Strategies LLC now owns 52 shares of the biotechnology company’s stock worth $30,000 after buying an additional 44 shares in the last quarter. Finally, Camelot Portfolios LLC acquired a new position in shares of Axon Enterprise during the 4th quarter worth $30,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AXON has been the subject of several recent research reports. Craig Hallum restated a “buy” rating and issued a $820.00 price target on shares of Axon Enterprise in a research note on Wednesday, February 25th. Piper Sandler reduced their price target on Axon Enterprise from $690.00 to $674.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Needham & Company LLC reduced their price target on Axon Enterprise from $870.00 to $600.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Morgan Stanley set a $600.00 price target on Axon Enterprise in a research note on Thursday, May 7th. Finally, Weiss Ratings raised Axon Enterprise from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $712.75.

Axon Enterprise Company Profile

Axon Enterprise, Inc develops technology and weapons systems for public safety and law enforcement agencies, combining hardware, software and cloud services. The company’s hardware portfolio includes conducted energy weapons (commonly known as TASER devices), body-worn cameras and in-car camera systems. Axon pairs these devices with a suite of connected products and accessories designed to capture, store and manage field evidence.

Beyond hardware, Axon operates a subscription-based software platform for digital evidence management, evidence review and records management.