Insider Selling: Axon Enterprise, Inc. (NASDAQ:AXON) Insider Sells $12,966,775.92 in Stock

Axon Enterprise, Inc. (NASDAQ:AXON) insider Jeffrey C. Kunins sold 21,834 shares of Axon Enterprise stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $593.88, for a total transaction of $12,966,775.92. Following the completion of the transaction, the insider now directly owns 154,394 shares in the company, valued at $91,691,508.72. This trade represents a 12.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Axon Enterprise Stock Performance

Shares of Axon Enterprise stock opened at $599.35 on Friday. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a twelve month low of $220.78 and a twelve month high of $624.84. The stock has a market cap of $45.70 billion, a price-to-earnings ratio of 154.87, a P/E/G ratio of 15.10 and a beta of 0.94. The company’s fifty day moving average is $438.79 and its 200 day moving average is $357.57.

Analysts Set New Price Targets

Several research analysts have commented on AXON shares. JMP Securities boosted their price objective on shares of Axon Enterprise from $430.00 to $500.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Northland Securities boosted their price objective on shares of Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Barclays boosted their price objective on shares of Axon Enterprise from $381.00 to $387.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Needham & Company LLC boosted their price objective on shares of Axon Enterprise from $525.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Craig Hallum boosted their price objective on shares of Axon Enterprise from $370.00 to $376.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $427.83.

Institutional Trading of Axon Enterprise

Several institutional investors have recently modified their holdings of AXON. Groupama Asset Managment bought a new stake in shares of Axon Enterprise in the third quarter worth $200,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Axon Enterprise in the third quarter worth $120,553,000. 1832 Asset Management L.P. bought a new stake in shares of Axon Enterprise in the first quarter worth $81,630,000. International Assets Investment Management LLC bought a new stake in Axon Enterprise during the third quarter valued at $871,860,000. Finally, Vanguard Group Inc. boosted its position in Axon Enterprise by 2.7% during the first quarter. Vanguard Group Inc. now owns 8,143,306 shares of the biotechnology company’s stock valued at $2,547,878,000 after acquiring an additional 212,401 shares during the last quarter. Institutional investors own 79.08% of the company’s stock.

About Axon Enterprise

Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.