Insider Selling: Axon Enterprise, Inc. (NASDAQ:AXON) Insider Sells 21,834 Shares of Stock

Axon Enterprise, Inc. (NASDAQ:AXON) insider Jeffrey C. Kunins sold 21,834 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $593.88, for a total value of $12,966,775.92. Following the sale, the insider now owns 154,394 shares of the company’s stock, valued at approximately $91,691,508.72. This represents a 12.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Axon Enterprise Trading Up 0.5 %

AXON stock traded up $3.27 during midday trading on Thursday, hitting $604.56. The stock had a trading volume of 726,404 shares, compared to its average volume of 550,267. The firm has a market cap of $46.10 billion, a PE ratio of 155.37, a price-to-earnings-growth ratio of 14.95 and a beta of 0.94. The company’s 50-day moving average price is $428.90 and its 200 day moving average price is $353.54. Axon Enterprise, Inc. has a 12-month low of $220.77 and a 12-month high of $624.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AXON shares. Jefferies Financial Group began coverage on Axon Enterprise in a research report on Wednesday, July 17th. They set a “buy” rating and a $385.00 target price on the stock. Robert W. Baird upped their price objective on Axon Enterprise from $440.00 to $460.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Bank of America assumed coverage on Axon Enterprise in a research note on Wednesday, July 17th. They set a “buy” rating and a $380.00 price target on the stock. Needham & Company LLC upped their price objective on Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Northland Securities increased their target price on Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a report on Monday. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Axon Enterprise presently has a consensus rating of “Moderate Buy” and an average price target of $427.83.

Hedge Funds Weigh In On Axon Enterprise

A number of institutional investors have recently added to or reduced their stakes in AXON. Fred Alger Management LLC increased its stake in Axon Enterprise by 3.1% in the 3rd quarter. Fred Alger Management LLC now owns 30,935 shares of the biotechnology company’s stock valued at $12,362,000 after buying an additional 930 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Axon Enterprise by 2.6% during the 3rd quarter. Captrust Financial Advisors now owns 12,406 shares of the biotechnology company’s stock worth $4,958,000 after acquiring an additional 320 shares during the period. Kingfisher Capital LLC bought a new position in shares of Axon Enterprise during the 3rd quarter worth about $302,000. Capstone Investment Advisors LLC increased its position in shares of Axon Enterprise by 14.1% during the 3rd quarter. Capstone Investment Advisors LLC now owns 1,438 shares of the biotechnology company’s stock worth $575,000 after purchasing an additional 178 shares in the last quarter. Finally, Martingale Asset Management L P acquired a new stake in Axon Enterprise in the 3rd quarter valued at about $252,000. Institutional investors and hedge funds own 79.08% of the company’s stock.

Axon Enterprise Company Profile

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.