Axon Enterprise Inc (AAXN) CRO Sells $47,850.00 in Stock

Axon Enterprise Inc (NASDAQ:AAXN) CRO Joshua Isner sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $47.85, for a total value of $47,850.00. Following the completion of the sale, the executive now directly owns 36,033 shares of the company’s stock, valued at approximately $1,724,179.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Joshua Isner also recently made the following trade(s):

  • On Friday, March 1st, Joshua Isner sold 631 shares of Axon Enterprise stock. The stock was sold at an average price of $53.53, for a total value of $33,777.43.
  • On Tuesday, March 5th, Joshua Isner sold 6,223 shares of Axon Enterprise stock. The stock was sold at an average price of $51.60, for a total value of $321,106.80.

Shares of Axon Enterprise stock traded down $0.58 on Thursday, reaching $47.05. 598,245 shares of the stock were exchanged, compared to its average volume of 607,980. Axon Enterprise Inc has a twelve month low of $37.11 and a twelve month high of $76.45. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 94.10, a price-to-earnings-growth ratio of 3.66 and a beta of 0.89.

Axon Enterprise (NASDAQ:AAXN) last released its 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). Axon Enterprise had a return on equity of 7.43% and a net margin of 6.95%. The firm had revenue of $114.79 million for the quarter, compared to analyst estimates of $104.03 million. During the same period last year, the firm earned $0.17 EPS. The company’s revenue for the quarter was up 21.3% compared to the same quarter last year. On average, analysts expect that Axon Enterprise Inc will post 0.53 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. acquired a new stake in shares of Axon Enterprise during the fourth quarter worth about $2,290,000. Rhumbline Advisers lifted its holdings in shares of Axon Enterprise by 21.9% during the fourth 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 during the period. Morgan Stanley lifted its holdings in shares of Axon Enterprise by 23.8% during the third 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 during the period. Great Lakes Advisors LLC acquired a new stake in shares of Axon Enterprise during the third quarter worth about $236,000. Finally, First Mercantile Trust Co. lifted its holdings in shares of Axon Enterprise by 100.0% during the third 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 during the period. 79.17% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on AAXN shares. ValuEngine raised Axon Enterprise from a “buy” rating to a “strong-buy” rating in a report on Monday, February 4th. Morgan Stanley lowered their price target on Axon Enterprise from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, January 7th. BidaskClub raised Axon Enterprise from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 10th. Zacks Investment Research raised Axon Enterprise from a “hold” rating to a “strong-buy” rating and set a $57.00 price target for the company in a report on Wednesday, January 9th. Finally, Northland Securities reissued a “buy” rating and issued a $70.00 price target on shares of Axon Enterprise in a report on Wednesday, February 27th. Six 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’s stock. The stock currently has an average rating of “Buy” and a consensus 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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