Axon Enterprise, Inc. (NASDAQ:AXON) Director Julie A. Cullivan sold 663 shares of the business’s stock in a transaction that occurred on Wednesday, June 2nd. The stock was sold at an average price of $140.02, for a total value of $92,833.26. Following the sale, the director now directly owns 8,503 shares in the company, valued at approximately $1,190,590.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
NASDAQ AXON traded up $2.78 during trading on Friday, hitting $140.97. 2,138 shares of the company’s stock traded hands, compared to its average volume of 560,929. The stock has a market capitalization of $9.12 billion, a PE ratio of -158.84 and a beta of 0.48. Axon Enterprise, Inc. has a 12-month low of $78.28 and a 12-month high of $212.37. The business’s 50 day simple moving average is $141.93.
Axon Enterprise (NASDAQ:AXON) last issued its earnings results on Wednesday, May 5th. The biotechnology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.10. Axon Enterprise had a negative net margin of 7.37% and a negative return on equity of 6.05%. The firm had revenue of $195.02 million for the quarter, compared to analysts’ expectations of $165.84 million. The business’s quarterly revenue was up 32.5% compared to the same quarter last year. On average, analysts forecast that Axon Enterprise, Inc. will post -0.51 earnings per share for the current year.
AXON has been the topic of several research analyst reports. Needham & Company LLC reiterated a “buy” rating on shares of Axon Enterprise in a research report on Friday, February 26th. Zacks Investment Research cut shares of Axon Enterprise from a “hold” rating to a “sell” rating in a research note on Friday, May 7th. Raymond James upgraded shares of Axon Enterprise from a “market perform” rating to a “strong-buy” rating and set a $150.00 price objective on the stock in a report on Wednesday, May 19th. JPMorgan Chase & Co. downgraded shares of Axon Enterprise from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $129.00 to $179.00 in a research report on Friday, February 12th. Finally, Northland Securities assumed coverage on shares of Axon Enterprise in a research note on Friday, February 26th. They issued a “buy” rating and a $170.00 price target for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $176.80.
About Axon Enterprise
Axon Enterprise, Inc develops, manufactures, and sells conducted energy weapons (CEWs) under the TASER brand in the United States and internationally. It operates through two segments, TASER and Software and Sensors. The company offers TASER X26P, TASER X2, TASER 7, and TASER Pulse CEWs; and related cartridges.
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