Axon Enterprise, Inc (NASDAQ:AXON – Get Free Report) CEO Patrick Smith sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $500.00, for a total transaction of $10,000,000.00. Following the transaction, the chief executive officer owned 3,060,997 shares in the company, valued at approximately $1,530,498,500. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Axon Enterprise Stock Performance
Axon Enterprise stock opened at $447.59 on Thursday. The company has a current ratio of 2.27, a quick ratio of 1.93 and a debt-to-equity ratio of 0.49. Axon Enterprise, Inc has a 1 year low of $339.01 and a 1 year high of $885.91. The company has a market cap of $36.08 billion, a PE ratio of 179.76, a PEG ratio of 8.23 and a beta of 1.45. The company’s 50-day moving average is $409.55 and its two-hundred day moving average is $490.06.
Axon Enterprise (NASDAQ:AXON – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The biotechnology company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.01. The company had revenue of $807.35 million during the quarter, compared to analysts’ expectations of $778.91 million. Axon Enterprise had a return on equity of 3.78% and a net margin of 6.90%.Axon Enterprise’s revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.47 EPS. Equities analysts anticipate that Axon Enterprise, Inc will post 1.82 earnings per share for the current year.
Institutional Trading of Axon Enterprise
Key Stories Impacting Axon Enterprise
Here are the key news stories impacting Axon Enterprise this week:
- Positive Sentiment: Axon’s Connected Devices business is showing renewed momentum, with revenue up 33% as demand accelerated for TASER 10, Axon Body 4, and platform solutions. That reinforces the company’s growth story and suggests upside if product adoption continues. AXON’s Connected Devices Growth Picks Up: More Upside to Come?
- Positive Sentiment: Analyst coverage remains favorable, with reports saying the average brokerage recommendation is a Buy / Moderate Buy and one major bank maintained a $705 price target. That kind of support can help investor confidence, especially after a recent selloff. Analyst Reiterates Buy on AppLovin, Maintains $705 Price Target on Axon-Driven Long-Term Growth Outlook
- Neutral Sentiment: Articles revisiting whether investors should trust brokerage ratings are more commentary than catalyst, so they are unlikely to move the stock on their own. AXON’s Connected Devices Growth Picks Up: More Upside to Come?
- Negative Sentiment: Insider sales by executive Patrick Smith and CRO Cameron Brooks may weigh on sentiment, even though the transactions were disclosed under pre-arranged trading plans. Investors often view insider selling cautiously when a stock has already been volatile. Patrick Smith Sells 20,000 Shares of Axon Enterprise (NASDAQ:AXON) Stock
- Negative Sentiment: Competitive pressure may be increasing as Motorola Solutions moves further into counter-drone and public safety technology, potentially challenging Axon’s future expansion in adjacent markets. Axon Enterprise Weighs Motorola Counter Drone Deal For Public Safety Future
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on AXON. UBS Group lowered their price target on Axon Enterprise from $570.00 to $440.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Citizens Jmp lowered their price target on Axon Enterprise from $825.00 to $700.00 and set a “market outperform” rating for the company in a research note on Thursday, May 7th. The Goldman Sachs Group set a $535.00 price target on Axon Enterprise in a research note on Thursday, May 7th. TD Cowen lowered their price target on Axon Enterprise from $950.00 to $825.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Finally, Royal Bank Of Canada lowered their price target on Axon Enterprise from $860.00 to $735.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Axon Enterprise presently has an average rating of “Moderate Buy” and a consensus target price of $712.75.
Read Our Latest Analysis on Axon Enterprise
About Axon Enterprise
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.
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