Axon Enterprise Inc (NASDAQ:AAXN) Director Richard H. Carmona sold 23,810 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $47.76, for a total value of $1,137,165.60. Following the completion of the sale, the director now owns 94,457 shares of the company’s stock, valued at $4,511,266.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of AAXN opened at $47.96 on Friday. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 95.92, a PEG ratio of 3.66 and a beta of 0.89. Axon Enterprise Inc has a 12 month low of $37.11 and a 12 month high of $76.45.

Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings results on Tuesday, February 26th. The industrial products company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). The firm had revenue of $114.79 million for the quarter, compared to the consensus estimate of $104.03 million. Axon Enterprise had a net margin of 6.95% and a return on equity of 7.43%. The business’s revenue was up 21.3% compared to the same quarter last year. During the same period last year, the company posted $0.17 EPS. On average, equities research analysts expect that Axon Enterprise Inc will post 0.53 EPS for the current fiscal year.

AAXN has been the subject of a number of recent research reports. BidaskClub downgraded Axon Enterprise from a “buy” rating to a “hold” rating in a report on Friday, November 30th. ValuEngine downgraded Axon Enterprise from a “strong-buy” rating to a “buy” rating in a report on Friday, January 4th. Morgan Stanley cut their price target on shares of Axon Enterprise from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, January 7th. Zacks Investment Research raised shares of Axon Enterprise from a “hold” rating to a “strong-buy” rating and set a $57.00 price target on the stock in a research report on Wednesday, January 9th. Finally, Northland Securities reaffirmed a “buy” rating and set a $70.00 price target on shares of Axon Enterprise in a research report on Wednesday, February 27th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $68.90.

Institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. bought a new position in shares of Axon Enterprise during the 4th quarter worth about $2,290,000. Rhumbline Advisers boosted its position in shares of Axon Enterprise by 21.9% during the 4th quarter. Rhumbline Advisers now owns 168,675 shares of the industrial products company’s stock worth $7,380,000 after purchasing an additional 30,280 shares in the last quarter. Morgan Stanley boosted its position in shares of Axon Enterprise by 23.8% during the 3rd quarter. Morgan Stanley now owns 435,994 shares of the industrial products company’s stock worth $29,836,000 after purchasing an additional 83,938 shares in the last quarter. Great Lakes Advisors LLC bought a new position in shares of Axon Enterprise during the 3rd quarter worth about $236,000. Finally, First Mercantile Trust Co. boosted its position in shares of Axon Enterprise by 100.0% during the 3rd quarter. First Mercantile Trust Co. now owns 2,400 shares of the industrial products company’s stock worth $164,000 after purchasing an additional 1,200 shares in the last quarter. 79.17% of the stock is currently owned by institutional investors and hedge funds.

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Axon Enterprise Company Profile

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.

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Insider Buying and Selling by Quarter for Axon Enterprise (NASDAQ:AAXN)

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