Axon Enterprise Inc (NASDAQ:AAXN) Director Hadi Partovi sold 70,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $66.16, for a total transaction of $4,631,200.00. Following the completion of the sale, the director now owns 268,190 shares of the company’s stock, valued at approximately $17,743,450.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of NASDAQ AAXN opened at $65.41 on Thursday. Axon Enterprise Inc has a 52 week low of $39.43 and a 52 week high of $76.45. The stock has a market capitalization of $3.83 billion, a P/E ratio of 130.82, a P/E/G ratio of 4.80 and a beta of 0.94.

Axon Enterprise (NASDAQ:AAXN) last announced its quarterly earnings data on Thursday, May 9th. The industrial products company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.04. Axon Enterprise had a net margin of 5.22% and a return on equity of 4.93%. The firm had revenue of $115.81 million during the quarter, compared to analysts’ expectations of $110.67 million. During the same quarter last year, the business earned $0.29 earnings per share. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. Research analysts forecast that Axon Enterprise Inc will post 0.54 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in AAXN. Bank of New York Mellon Corp lifted its stake in shares of Axon Enterprise by 3.4% in the third quarter. Bank of New York Mellon Corp now owns 654,417 shares of the industrial products company’s stock valued at $44,783,000 after purchasing an additional 21,516 shares during the period. JPMorgan Chase & Co. increased its holdings in Axon Enterprise by 23.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 448,499 shares of the industrial products company’s stock valued at $30,691,000 after acquiring an additional 84,018 shares in the last quarter. Morgan Stanley increased its holdings in Axon Enterprise by 23.8% during the 3rd quarter. Morgan Stanley now owns 435,994 shares of the industrial products company’s stock valued at $29,836,000 after acquiring an additional 83,938 shares in the last quarter. Vanguard Group Inc increased its holdings in Axon Enterprise by 3.9% during the 3rd quarter. Vanguard Group Inc now owns 6,322,470 shares of the industrial products company’s stock valued at $432,647,000 after acquiring an additional 238,066 shares in the last quarter. Finally, Villere ST Denis J & Co. LLC increased its holdings in Axon Enterprise by 25.7% during the 4th quarter. Villere ST Denis J & Co. LLC now owns 1,395,144 shares of the industrial products company’s stock valued at $61,037,000 after acquiring an additional 284,945 shares in the last quarter. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Axon Enterprise from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research note on Tuesday. Morgan Stanley raised their target price on shares of Axon Enterprise from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. TheStreet upgraded shares of Axon Enterprise from a “c+” rating to a “b-” rating in a research note on Monday, April 15th. Raymond James upgraded shares of Axon Enterprise from an “outperform” rating to a “strong-buy” rating in a research note on Monday, April 8th. Finally, Northland Securities restated a “buy” rating and issued a $70.00 target price on shares of Axon Enterprise in a research note on Wednesday, February 27th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $70.08.

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Axon Enterprise Company Profile

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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