Michael Garnreiter Sells 2,000 Shares of Axon Enterprise Inc (AAXN) Stock

Axon Enterprise Inc (NASDAQ:AAXN) Director Michael Garnreiter sold 2,000 shares of Axon Enterprise stock in a transaction on Monday, April 8th. The stock was sold at an average price of $60.00, for a total value of $120,000.00. Following the transaction, the director now directly owns 31,261 shares of the company’s stock, valued at approximately $1,875,660. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Michael Garnreiter also recently made the following trade(s):

  • On Tuesday, February 26th, Michael Garnreiter sold 3,000 shares of Axon Enterprise stock. The stock was sold at an average price of $60.00, for a total value of $180,000.00.

AAXN traded down $1.12 during trading on Monday, reaching $60.75. 366,410 shares of the company were exchanged, compared to its average volume of 603,875. The company has a market cap of $3.60 billion, a P/E ratio of 121.50, a PEG ratio of 4.51 and a beta of 0.89. Axon Enterprise Inc has a 52 week low of $39.43 and a 52 week high of $76.45.

Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings data 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 company had revenue of $114.79 million for the quarter, compared to the consensus estimate of $104.03 million. During the same quarter in the previous year, the company earned $0.17 earnings per share. Axon Enterprise’s quarterly revenue was up 21.3% compared to the same quarter last year. Equities analysts predict that Axon Enterprise Inc will post 0.54 EPS for the current year.

Several research analysts have recently issued reports on AAXN shares. BidaskClub raised Axon Enterprise from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. ValuEngine downgraded shares of Axon Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 4th. Morgan Stanley cut their target price on shares of Axon Enterprise from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, January 7th. Zacks Investment Research raised shares of Axon Enterprise from a “hold” rating to a “strong-buy” rating and set a $57.00 target price for the company in a research note on Wednesday, January 9th. Finally, Northland Securities reissued a “buy” rating and issued a $70.00 target price on shares of Axon Enterprise in a research note on Wednesday, February 27th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $68.25.

Several large investors have recently added to or reduced their stakes in AAXN. Flagship Harbor Advisors LLC boosted its stake in Axon Enterprise by 324.1% during the first quarter. Flagship Harbor Advisors LLC now owns 564 shares of the industrial products company’s stock valued at $30,000 after buying an additional 431 shares in the last quarter. LS Investment Advisors LLC grew its holdings in Axon Enterprise by 22.7% in the 4th quarter. LS Investment Advisors LLC now owns 3,829 shares of the industrial products company’s stock valued at $168,000 after buying an additional 708 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Axon Enterprise by 14.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,854 shares of the industrial products company’s stock valued at $169,000 after buying an additional 491 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new stake in Axon Enterprise in the 4th quarter valued at approximately $179,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Axon Enterprise by 8.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 4,265 shares of the industrial products company’s stock valued at $187,000 after buying an additional 350 shares during the last quarter. 80.08% of the stock is owned by institutional investors.

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About Axon Enterprise

Axon Enterprise, Inc develops, manufactures, and sells conducted energy weapons (CEWs) worldwide. The company operates through two segments, TASER and Software and Sensors. It offers TASER X26P, TASER X2, TASER 7, and TASER Pulse and Bolt CEWs; and related cartridges. The company also provides on-officer body cameras and Axon Fleet in-car video systems; and Axon Evidence connected software network; Axon Records cloud-based records management system; Axon Signal enabled devices; and computer-aided dispatch software, as well as Axon docks, cartridges, and batteries.

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