Axon Enterprise, Inc. (NASDAQ:AXON – Get Rating) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 2,000,000 shares, a drop of 12.7% from the November 15th total of 2,290,000 shares. Based on an average daily volume of 533,800 shares, the short-interest ratio is currently 3.7 days.

Insider Activity

In other news, COO Joshua Isner sold 275 shares of the firm's stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $177.96, for a total transaction of $48,939.00. Following the sale, the chief operating officer now directly owns 237,576 shares in the company, valued at approximately $42,279,024.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Joshua Isner sold 275 shares of the firm's stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $177.96, for a total transaction of $48,939.00. Following the sale, the chief operating officer now directly owns 237,576 shares in the company, valued at approximately $42,279,024.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey C. Kunins sold 1,271 shares of the firm's stock in a transaction on Monday, September 26th. The shares were sold at an average price of $112.42, for a total transaction of $142,885.82. Following the sale, the insider now owns 201,490 shares in the company, valued at $22,651,505.80. The disclosure for this sale can be found here. Insiders have sold 19,210 shares of company stock worth $2,947,314 in the last three months. Company insiders own 6.90% of the company's stock.

Institutional Investors Weigh In On Axon Enterprise

Large investors have recently added to or reduced their stakes in the stock. Trust Co. of Vermont purchased a new stake in Axon Enterprise in the 2nd quarter valued at about $28,000. IFP Advisors Inc boosted its position in Axon Enterprise by 36.8% in the 3rd quarter. IFP Advisors Inc now owns 364 shares of the biotechnology company's stock valued at $28,000 after buying an additional 98 shares during the period. SJS Investment Consulting Inc. purchased a new stake in Axon Enterprise in the 3rd quarter valued at about $30,000. Sandy Spring Bank boosted its position in Axon Enterprise by 230.0% in the 2nd quarter. Sandy Spring Bank now owns 330 shares of the biotechnology company's stock valued at $31,000 after buying an additional 230 shares during the period. Finally, Crewe Advisors LLC purchased a new stake in Axon Enterprise in the 2nd quarter valued at about $37,000. 78.44% of the stock is owned by hedge funds and other institutional investors.

Axon Enterprise Price Performance

Analysts Set New Price Targets

A number of analysts have issued reports on AXON shares. Robert W. Baird lifted their price target on shares of Axon Enterprise from $170.00 to $200.00 in a report on Thursday. Needham & Company LLC lifted their price target on shares of Axon Enterprise from $130.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, November 9th. StockNews.com started coverage on shares of Axon Enterprise in a report on Wednesday, October 12th. They issued a "hold" rating on the stock. Credit Suisse Group lifted their price target on shares of Axon Enterprise from $142.00 to $152.00 and gave the company an "outperform" rating in a report on Wednesday, November 9th. Finally, Morgan Stanley boosted their target price on shares of Axon Enterprise from $130.00 to $155.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 13th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $175.13.

Axon Enterprise Company Profile

(Get Rating)

Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, TASER, and Software and Sensors. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.

Further Reading

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