Luke Larson Sells 5,342 Shares of Axon Enterprise Inc (AAXN) Stock

Axon Enterprise Inc (NASDAQ:AAXN) President Luke Larson sold 5,342 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $53.53, for a total value of $285,957.26. Following the transaction, the president now directly owns 103,110 shares of the company’s stock, valued at $5,519,478.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Luke Larson also recently made the following trade(s):

  • On Tuesday, March 5th, Luke Larson sold 36,295 shares of Axon Enterprise stock. The stock was sold at an average price of $51.59, for a total value of $1,872,459.05.

Shares of NASDAQ AAXN opened at $48.47 on Friday. The stock has a market capitalization of $3.28 billion, a P/E ratio of 96.94, a PEG ratio of 3.62 and a beta of 0.97. Axon Enterprise Inc has a 52-week low of $37.11 and a 52-week high of $76.45.

Axon Enterprise (NASDAQ:AAXN) last issued its earnings results on Tuesday, February 26th. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The business had revenue of $114.79 million for the quarter, compared to analysts’ expectations of $104.03 million. Axon Enterprise had a return on equity of 10.74% and a net margin of 6.26%. The business’s quarterly revenue was up 21.3% on a year-over-year basis. During the same period last year, the company posted $0.17 earnings per share. Research analysts anticipate that Axon Enterprise Inc will post 0.53 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Assenagon Asset Management S.A. purchased a new position in shares of Axon Enterprise during the 4th quarter worth approximately $2,290,000. Rhumbline Advisers increased its stake in Axon Enterprise by 21.9% in the 4th quarter. Rhumbline Advisers now owns 168,675 shares of the industrial products company’s stock valued at $7,380,000 after purchasing an additional 30,280 shares in the last quarter. Morgan Stanley increased its stake in Axon Enterprise by 23.8% in the 3rd quarter. Morgan Stanley now owns 435,994 shares of the industrial products company’s stock valued at $29,836,000 after purchasing an additional 83,938 shares in the last quarter. Great Lakes Advisors LLC purchased a new position in Axon Enterprise in the 3rd quarter valued at approximately $236,000. Finally, First Mercantile Trust Co. increased its stake in Axon Enterprise by 100.0% in the 3rd quarter. First Mercantile Trust Co. now owns 2,400 shares of the industrial products company’s stock valued at $164,000 after purchasing an additional 1,200 shares in the last quarter. 82.86% of the stock is owned by institutional investors and hedge funds.

AAXN has been the subject of several analyst reports. ValuEngine cut Axon Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 4th. Morgan Stanley lowered their price objective on Axon Enterprise from $75.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, January 7th. BidaskClub cut Axon Enterprise from a “buy” rating to a “hold” rating in a research report on Friday, November 30th. Zacks Investment Research raised Axon Enterprise from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective for the company in a research report on Wednesday, January 9th. Finally, Robert W. Baird raised Axon Enterprise from a “neutral” rating to an “outperform” rating in a research report on Friday, November 9th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Axon Enterprise presently has an average rating of “Buy” and an average price target of $68.90.

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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.

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