A company insider recently sold 5,000 shares of Axos Financial Inc. [AX]. Should You also Consider to Sale?


In a filing, Axos Financial Inc. revealed its EVP, Finance Micheletti Andrew J unloaded Company’s shares for reported $0.21 million on Sep 14. In the deal valued at $42.62 per share,5,000 shares were sold. As a result of this transaction, Micheletti Andrew J now holds 513,083 shares worth roughly $ 20.71 million.

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Then, Garrabrants Gregory sold 48,356 shares, generating $2,205,034 in total proceeds. Upon selling the shares at $45.60, the President and CEO now owns 1,387,623 shares.

Before that, Garrabrants Gregory sold 85,312 shares. Axos Financial Inc. shares valued at $3,869,752 were divested by the President and CEO at a price of $45.36 per share. As a result of the transaction, Garrabrants Gregory now holds 1,435,979 shares, worth roughly $57.97 million.

Raymond James downgraded its Axos Financial Inc. [AX] rating to an Outperform from a a Strong buy in a research note published on Monday. PT values the company’s stock at a premium of 26.6 to its Monday closing price.

Price Performance Review of AX

On Monday, Axos Financial Inc. [NYSE:AX] saw its stock fall -4.79% to $40.37. On the same session, the stock had its day’s lowest price of $40.30, but rose to a high of $42.155. Over the last five days, the stock has lost -6.46%. Axos Financial Inc. shares have risen nearly 5.63% since the year began. Nevertheless, the stocks have fallen -1.13% over the past one year. While a 52-week high of $51.46 was reached on 02/03/23, a 52-week low of $33.15 was recorded on 03/13/23. SMA at 50 days reached $43.33, while 200 days put it at $41.19. A total of 0.9 million shares were traded, compared to the trading of 0.42 million shares in the previous session.

Levels Of Support And Resistance For AX Stock

The 24-hour chart illustrates a support level at 39.73, which if violated will result in even more drops to 39.09. On the upside, there is a resistance level at 41.58. A further resistance level may holdings at 42.80. The Relative Strength Index (RSI) on the 14-day chart is 36.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.32%. Stochastics %K at 29.06% indicates the stock is a holding.

How much short interest is there in Axos Financial Inc.?

A steep rise in short interest was recorded in Axos Financial Inc. stocks on Aug 30, 2023, growing by 0.58 million shares to a total of 4.72 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 4.14 million shares. There was a rise of 12.29%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.66% of the overall stock float, the days-to-cover ratio (short ratio) rose to 12.1.

Axos Financial Inc. [AX] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 7,813,078 shares, or roughly 13.03% of the outstanding AX shares. In other words, the investor’s shares have fallen by -242,719 from its previous 13-F filing of 8055797.0. Additionally, The Vanguard Group, Inc. decreased -2.75% of its stake after which the total value it holdings stand at $264,318,197, while SSgA Funds Management, Inc. added 11.07% of its stake to hold $127.82 million in the firm. Over the last quarter, Dimensional Fund Advisors LP purchased 93,039 shares of Axos Financial Inc., while Wasatch Advisors, Inc. bought -67,525 shares. At present, Davis Asset Management LP is holding 1,425,000 shares valued at $61.4 million. Columbia Management Investment Ad owned 1,288,446 shares of the company at the time of its most recent 13F filing, worth $55.52 million.

According to FactSet, Axos Financial Inc.’s share price will average $56.83 in the next year, based on opinions of analysts polled by the firm. This is up nearly 30.9 percent from its previous closing price of $42.40. Analysts expect Axos Financial Inc. stock to reach the higher price of $65.00, while the lowest price estimate is $49.00. However, 6 analysts have rated AX stock as an Overweight in their predictions for 2023.


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