Axon Enterprise Inc (NASDAQ:AAXN) CRO Joshua Isner sold 9,301 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $36.34, for a total transaction of $337,998.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Axon Enterprise Inc (NASDAQ AAXN) traded down $0.30 on Wednesday, reaching $39.05. 448,722 shares of the company’s stock traded hands, compared to its average volume of 964,138. Axon Enterprise Inc has a 12 month low of $20.57 and a 12 month high of $40.49. The stock has a market capitalization of $2,060.00, a P/E ratio of 156.46, a P/E/G ratio of 4.11 and a beta of 0.88.
Axon Enterprise (NASDAQ:AAXN) last released its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.21. Axon Enterprise had a net margin of 1.59% and a return on equity of 8.17%. The company had revenue of $94.65 million during the quarter, compared to the consensus estimate of $87.88 million. sell-side analysts anticipate that Axon Enterprise Inc will post 0.38 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of AAXN. Parametric Portfolio Associates LLC acquired a new position in shares of Axon Enterprise during the second quarter worth $1,957,000. Royal Bank of Canada acquired a new position in shares of Axon Enterprise during the second quarter worth $200,000. The Manufacturers Life Insurance Company acquired a new position in shares of Axon Enterprise during the second quarter worth $1,011,000. California State Teachers Retirement System acquired a new position in shares of Axon Enterprise during the second quarter worth $2,322,000. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Axon Enterprise during the second quarter worth $113,000. 95.87% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently issued reports on AAXN. BidaskClub downgraded shares of Axon Enterprise from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 6th. Sidoti downgraded shares of Axon Enterprise from a “buy” rating to a “neutral” rating and set a $40.00 target price for the company. in a report on Monday, March 5th. They noted that the move was a valuation call. Craig Hallum set a $37.00 target price on shares of Axon Enterprise and gave the company a “buy” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. set a $37.00 target price on shares of Axon Enterprise and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, Zacks Investment Research upgraded shares of Axon Enterprise from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a research note on Friday, March 2nd. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $36.14.
About Axon Enterprise
Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.
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