Axon Enterprise Inc (NASDAQ:AAXN) insider Douglas E. Klint sold 25,000 shares of Axon Enterprise stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $69.82, for a total value of $1,745,500.00. Following the completion of the sale, the insider now directly owns 104,341 shares in the company, valued at approximately $7,285,088.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of NASDAQ:AAXN traded down $0.02 during midday trading on Friday, reaching $70.27. The company had a trading volume of 10,554 shares, compared to its average volume of 517,435. The company has a market cap of $4.01 billion, a P/E ratio of 266.00, a P/E/G ratio of 5.32 and a beta of 1.10. Axon Enterprise Inc has a 1-year low of $20.57 and a 1-year high of $76.45.
Axon Enterprise (NASDAQ:AAXN) last announced its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. The firm had revenue of $99.23 million for the quarter, compared to the consensus estimate of $95.74 million. Axon Enterprise had a return on equity of 11.80% and a net margin of 5.35%. research analysts anticipate that Axon Enterprise Inc will post 0.52 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. BerganKDV Wealth Management LLC acquired a new position in Axon Enterprise during the second quarter worth approximately $126,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Axon Enterprise during the second quarter worth approximately $147,000. Advisors Preferred LLC bought a new stake in shares of Axon Enterprise during the second quarter worth approximately $175,000. Brighton Jones LLC bought a new stake in shares of Axon Enterprise during the second quarter worth approximately $202,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Axon Enterprise during the first quarter worth approximately $216,000. 82.24% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have issued reports on the company. BidaskClub raised Axon Enterprise from a “buy” rating to a “strong-buy” rating in a research note on Friday. TheStreet downgraded Axon Enterprise from a “b-” rating to a “c” rating in a research report on Thursday, August 9th. Imperial Capital raised Axon Enterprise from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $50.00 to $62.00 in a research report on Wednesday, August 8th. LADENBURG THALM/SH SH reaffirmed a “buy” rating and issued a $77.00 target price on shares of Axon Enterprise in a research report on Wednesday, August 8th. Finally, Craig Hallum downgraded Axon Enterprise from a “buy” rating to a “hold” rating and lifted their target price for the company from $55.00 to $62.00 in a research report on Wednesday, August 8th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $61.00.
About Axon Enterprise
Axon Enterprise, Inc develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. The company operates through two segments, TASER Weapons, and Software and Sensors. It offers TASER X26P and TASER X2 smart weapons for law enforcement; consumer CEWs; and replacement cartridges and consumables, as well as performance power magazines.
Further Reading: Book Value Per Share – BVPS
Receive News & Ratings for Axon Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axon Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.