Axon Enterprise, Inc (NASDAQ:AXON – Get Free Report) Director Caitlin Elizabeth Kalinowski sold 564 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $478.97, for a total transaction of $270,139.08. Following the completion of the sale, the director owned 3,632 shares of the company’s stock, valued at approximately $1,739,619.04. This trade represents a 13.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Axon Enterprise Trading Down 1.8%
NASDAQ:AXON opened at $481.48 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.93 and a current ratio of 2.27. The firm has a market cap of $38.81 billion, a price-to-earnings ratio of 193.37, a price-to-earnings-growth ratio of 8.91 and a beta of 1.45. Axon Enterprise, Inc has a 52 week low of $339.01 and a 52 week high of $885.91. The firm has a 50-day moving average price of $406.39 and a two-hundred day moving average price of $492.25.
Axon Enterprise (NASDAQ:AXON – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The biotechnology company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.60 by $0.01. The firm had revenue of $807.35 million during the quarter, compared to analyst estimates of $778.91 million. Axon Enterprise had a net margin of 6.90% and a return on equity of 3.78%. The company’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter last year, the business posted $1.47 EPS. On average, equities analysts expect that Axon Enterprise, Inc will post 1.82 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Axon Enterprise
Wall Street Analyst Weigh In
Several equities research analysts have commented on AXON shares. UBS Group decreased their price objective on shares of Axon Enterprise from $570.00 to $440.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of Axon Enterprise from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Zacks Research upgraded shares of Axon Enterprise from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Piper Sandler decreased their price target on shares of Axon Enterprise from $690.00 to $674.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Finally, Needham & Company LLC decreased their price target on shares of Axon Enterprise from $870.00 to $600.00 and set a “buy” rating for the company in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $712.75.
View Our Latest Analysis on AXON
Key Stories Impacting Axon Enterprise
Here are the key news stories impacting Axon Enterprise this week:
- Positive Sentiment: Axon’s new Echodyne partnership could deepen its drone and counter-drone capabilities, supporting its push into a high-growth public safety market. Is Axon (AXON) Quietly Building a Defensive Moat With Its New Drone Radar Partnership?
- Positive Sentiment: Axon’s Software & Services segment is showing strong momentum, with recurring revenue and software adoption continuing to expand. Axon’s Software & Services Segment Gains Momentum: Can It Sustain?
- Positive Sentiment: Market commentary continues to frame Axon as part of the “new age defense” and cybersecurity-related trade, which may be helping investor sentiment toward the stock. Palantir, Axon, Crowdstrike, and Cloudflare: New age defense stocks
- Neutral Sentiment: A director sold a relatively small block of shares under a pre-arranged trading plan, which is worth noting but does not necessarily signal a change in fundamentals. Caitlin Elizabeth Kalinowski Sells 564 Shares of Axon Enterprise (NASDAQ:AXON) Stock
- Negative Sentiment: Insider selling by two directors may create some short-term caution, even though the sales were disclosed and appear limited in size relative to Axon’s market value. Caitlin Elizabeth Kalinowski Sells 564 Shares of Axon Enterprise (NASDAQ:AXON) Stock
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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