Axon Enterprise, Inc. (NASDAQ:AXON) Insider Jeffrey C. Kunins Sells 21,834 Shares

Axon Enterprise, Inc. (NASDAQ:AXON) insider Jeffrey C. Kunins sold 21,834 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $593.88, for a total transaction of $12,966,775.92. Following the sale, the insider now owns 154,394 shares in the company, valued at approximately $91,691,508.72. This trade represents a 12.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Axon Enterprise Stock Performance

NASDAQ AXON traded down $3.80 on Friday, reaching $600.76. 50,382 shares of the stock were exchanged, compared to its average volume of 548,021. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a one year low of $220.78 and a one year high of $624.84. The company’s 50-day simple moving average is $433.89 and its two-hundred day simple moving average is $355.28. The firm has a market capitalization of $45.81 billion, a PE ratio of 156.22, a PEG ratio of 15.10 and a beta of 0.94.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Axon Enterprise from $385.00 to $441.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Craig Hallum boosted their target price on Axon Enterprise from $370.00 to $376.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Robert W. Baird upped their price target on shares of Axon Enterprise from $440.00 to $460.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Northland Securities increased their price objective on shares of Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, JMP Securities increased their price objective on shares of Axon Enterprise from $430.00 to $500.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $427.83.

Institutional Investors Weigh In On Axon Enterprise

A number of institutional investors have recently added to or reduced their stakes in the stock. Centiva Capital LP purchased a new position in shares of Axon Enterprise in the third quarter valued at $2,522,000. Benjamin Edwards Inc. purchased a new position in Axon Enterprise during the third quarter worth $1,098,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Axon Enterprise during the third quarter worth $1,239,000. Point72 Hong Kong Ltd purchased a new position in Axon Enterprise during the third quarter worth $2,959,000. Finally, Scalar Gauge Management LLC purchased a new position in Axon Enterprise during the third quarter worth $7,592,000. 79.08% of the stock is owned by hedge funds and other 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.