Axon Enterprise Inc. [AXON] Insider Activity: An Update for Investors


In a filing, Axon Enterprise Inc. revealed its PRESIDENT Isner Joshua unloaded Company’s shares for reported $5.19 million on Jul 03. In the deal valued at $193.10 per share,26,883 shares were sold. As a result of this transaction, Isner Joshua now holds 290,965 shares worth roughly $ 62.67 million.

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Then, Kunins Jeffrey C sold 22,900 shares, generating $4,422,512 in total proceeds. Upon selling the shares at $193.12, the CPO & CTO now owns 241,076 shares.

Before that, Partovi Hadi bought 25,000 shares. Axon Enterprise Inc. shares valued at $4,777,388 were divested by the Director at a price of $191.10 per share. As a result of the transaction, Partovi Hadi now holds 413,817 shares, worth roughly $89.13 million.

Morgan Stanley initiated its Axon Enterprise Inc. [AXON] rating to an Equal-weight in a research note published on Friday, August 22, 2023; the price target was $230. PT values the company’s stock at a premium of 6.35 to its Friday closing price.

Price Performance Review of AXON

On Friday, Axon Enterprise Inc. [NASDAQ:AXON] saw its stock jump 1.16% to $215.39. On the same session, the stock had its day’s lowest price of $212.38, but rose to a high of $215.475. Over the last five days, the stock has gained 8.55%. Axon Enterprise Inc. shares have risen nearly 29.81% since the year began. Nevertheless, the stocks have risen 84.60% over the past one year. While a 52-week high of $229.95 was reached on 05/03/23, a 52-week low of $109.31 was recorded on 01/03/23. SMA at 50 days reached $193.21, while 200 days put it at $196.66. A total of 0.34 million shares were traded, compared to the trading of 0.86 million shares in the previous session.

Levels Of Support And Resistance For AXON Stock

The 24-hour chart illustrates a support level at 213.35, which if violated will result in even more drops to 211.32. On the upside, there is a resistance level at 216.45. A further resistance level may holdings at 217.51. The Relative Strength Index (RSI) on the 14-day chart is 67.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.62, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.38%. Stochastics %K at 94.96% indicates the stock is a selling.

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

A steep rise in short interest was recorded in Axon Enterprise Inc. stocks on Aug 14, 2023, growing by 0.59 million shares to a total of 2.56 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.97 million shares. There was a rise of 23.05%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.07% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.93.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 7,642,407 shares, or roughly 10.34% of the outstanding AXON shares. In other words, the investor’s shares have risen by 1,582,259 from its previous 13-F filing of 6060148.0. Additionally, BlackRock Fund Advisors decreased -24.08% of its stake after which the total value it holdings stand at $954,865,641, while Capital Research & Management Co reduced -43.81% of its stake to hold $577.77 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 538,119 shares of Axon Enterprise Inc., while Sands Capital Management LLC bought 1,004,556 shares. At present, Wellington Management Co. LLP is holding 1,893,698 shares valued at $352.1 million. Franklin Advisers, Inc. owned 1,642,886 shares of the company at the time of its most recent 13F filing, worth $305.46 million.

According to FactSet, Axon Enterprise Inc.’s share price will average $237.36 in the next year, based on opinions of analysts polled by the firm. This is up nearly 12.25 percent from its previous closing price of $212.91. Analysts expect Axon Enterprise Inc. stock to reach the higher price of $250.00, while the lowest price estimate is $223.00. However, 13 analysts have rated AXON stock as a Buy in their predictions for 2023.


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