Axon Enterprise, Inc. (NASDAQ:AXON – Get Free Report) President Joshua Isner sold 44,000 shares of Axon Enterprise stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $309.96, for a total value of $13,638,240.00. Following the completion of the sale, the president now owns 275,843 shares of the company’s stock, valued at $85,500,296.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Axon Enterprise Price Performance
AXON opened at $300.23 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.91 and a quick ratio of 2.55. The company has a market capitalization of $22.66 billion, a price-to-earnings ratio of 87.79 and a beta of 0.91. Axon Enterprise, Inc. has a 1 year low of $175.37 and a 1 year high of $329.87. The firm’s fifty day moving average price is $310.25 and its two-hundred day moving average price is $269.87.
Axon Enterprise (NASDAQ:AXON – Get Free Report) last issued its quarterly earnings results on Friday, May 10th. The biotechnology company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.20. Axon Enterprise had a net margin of 15.60% and a return on equity of 11.71%. The company had revenue of $460.74 million during the quarter, compared to analyst estimates of $441.57 million. During the same quarter last year, the business posted $0.51 EPS. Axon Enterprise’s quarterly revenue was up 34.3% compared to the same quarter last year. As a group, analysts anticipate that Axon Enterprise, Inc. will post 2.44 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. JMP Securities reiterated a “market outperform” rating and issued a $375.00 price objective on shares of Axon Enterprise in a research note on Tuesday, May 7th. Argus assumed coverage on shares of Axon Enterprise in a report on Wednesday, March 13th. They set a “buy” rating and a $380.00 price objective on the stock. Morgan Stanley raised their target price on Axon Enterprise from $285.00 to $310.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Barclays upped their price target on Axon Enterprise from $308.00 to $381.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. Finally, JPMorgan Chase & Co. raised their price objective on Axon Enterprise from $330.00 to $365.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $335.27.
Check Out Our Latest Stock Analysis on Axon Enterprise
Institutional Trading of Axon Enterprise
Several hedge funds have recently made changes to their positions in the company. ICA Group Wealth Management LLC purchased a new stake in Axon Enterprise in the 4th quarter worth about $26,000. Trivant Custom Portfolio Group LLC bought a new position in Axon Enterprise during the first quarter worth about $31,000. First PREMIER Bank purchased a new position in shares of Axon Enterprise in the first quarter worth about $33,000. BKM Wealth Management LLC bought a new stake in shares of Axon Enterprise in the fourth quarter valued at approximately $32,000. Finally, Blue Bell Private Wealth Management LLC purchased a new stake in shares of Axon Enterprise during the 1st quarter valued at approximately $41,000. 79.08% of the stock is currently owned by institutional investors.
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.
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