AXON (Axon Enterprise Inc.) may reap gains as insiders became active recently


In a filing, Axon Enterprise Inc. revealed its Director KROLL MARK W unloaded Company’s shares for reported $0.78 million on Mar 07. In the deal valued at $220.73 per share,3,549 shares were sold. As a result of this transaction, KROLL MARK W now holds 10,142 shares worth roughly $ 2.16 million.

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Then, Kalinowski Caitlin Elizabeth sold 591 shares, generating $125,599 in total proceeds. Upon selling the shares at $212.52, the Director now owns 8,179 shares.

Before that, GARNREITER MICHAEL sold 5,000 shares. Axon Enterprise Inc. shares valued at $1,000,114 were divested by the Director at a price of $200.02 per share. As a result of the transaction, GARNREITER MICHAEL now holds 28,443 shares, worth roughly $6.06 million.

Goldman initiated its Axon Enterprise Inc. [AXON] rating to a Buy in a research note published on Friday, March 08, 2023; the price target was $263. PT values the company’s stock at a premium of 19.01 to its Friday closing price. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early March from “an Overweight” to “a Neutral”. Raymond James also remained covering AXON and has decreased its forecast on February 17, 2023 with a “an Outperform” recommendation from previously “Strong buy” rating. Barclays started covering the stock on September 15, 2022. It rated AXON as “an Overweight”.

Price Performance Review of AXON

On Friday, Axon Enterprise Inc. [NASDAQ:AXON] saw its stock fall -2.24% to $213.00. On the same session, the stock had its day’s lowest price of $212.74, but rose to a high of $218.47. Over the last five days, the stock has lost -3.60%. Axon Enterprise Inc. shares have risen nearly 28.37% since the year began. Nevertheless, the stocks have risen 61.82% over the past one year. While a 52-week high of $226.00 was reached on 03/08/23, a 52-week low of $82.49 was recorded on 01/03/23. SMA at 50 days reached $191.66, while 200 days put it at $143.91. A total of 0.6 million shares were traded, compared to the trading of 0.75 million shares in the previous session.

Levels Of Support And Resistance For AXON Stock

The 24-hour chart illustrates a support level at 211.00, which if violated will result in even more drops to 209.01. On the upside, there is a resistance level at 216.73. A further resistance level may holdings at 220.47. The Relative Strength Index (RSI) on the 14-day chart is 60.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.89%. Stochastics %K at 78.31% indicates the stock is a holding.

How much short interest is there in Axon Enterprise Inc.?

A steep rise in short interest was recorded in Axon Enterprise Inc. stocks on Jan 30, 2023, growing by 0.37 million shares to a total of 2.34 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 1.97 million shares. There was a rise of 15.81%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.89% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.59.

Axon Enterprise Inc. [AXON] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 6,419,156 shares, or roughly 9.02% of the outstanding AXON shares. In other words, the investor’s shares have risen by 94,150 from its previous 13-F filing of 6325006.0. Additionally, The Vanguard Group, Inc. increased 0.85% of its stake after which the total value it holdings stand at $1,246,973,017, while Capital Research & Management Co added 47.68% of its stake to hold $1.05 billion in the firm. Over the last quarter, Baillie Gifford & Co. sold -101,600 shares of Axon Enterprise Inc., while SSgA Funds Management, Inc. sold -61,869 shares. At present, Wellington Management Co. LLP is holding 1,989,025 shares valued at $398.42 million. William Blair Investment Manageme owned 1,784,595 shares of the company at the time of its most recent 13F filing, worth $357.47 million.

According to FactSet, Axon Enterprise Inc.’s share price will average $235.55 in the next year, based on opinions of analysts polled by the firm. This is up nearly 8.77 percent from its previous closing price of $217.89. Analysts expect Axon Enterprise Inc. stock to reach the higher price of $263.00, while the lowest price estimate is $222.00. However, 13 analysts have rated AXON stock as a Buy in their predictions for 2023.


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