On October 3, 2024, Patrick Smith, Chief Executive Officer of Axon Enterprise Inc (AXON, Financial), sold 4,767 shares of the company. The transaction was filed on October 4, 2024, as reported in the SEC Filing. Following this sale, the insider now owns 2,925,060 shares of Axon Enterprise Inc.
Axon Enterprise Inc, known for its development and manufacture of technology and weapons products for law enforcement and civilians, has seen significant insider selling activity over the past year. There have been 30 insider sells and no insider buys during this period.
Shares of Axon Enterprise Inc were priced at $404.14 on the day of the sale. The company’s market cap is approximately $31.88 billion. The price-earnings ratio stands at 111.29, which is above both the industry median of 35.37 and the company’s historical median.
The stock is currently considered Significantly Overvalued according to the GF Value, with a price-to-GF-Value ratio of 1.38. The GF Value of $292.09 is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
Over the past year, Patrick Smith has sold a total of 510,606 shares and has not made any purchases. This trend of insider selling could be of interest to current and potential investors, as it may signal the insider’s perspective on the stock’s current valuation.
For more detailed information on insider transactions and stock performance, investors and stakeholders are encouraged to review the official SEC filings and conduct thorough research.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
