On September 12, 2024, Brittany Bagley, Chief Operating Officer & Chief Financial Officer of Axon Enterprise Inc (AXON, Financial), sold 4,338 shares of the company. The transaction was executed at a price of $378.95 per share, as detailed in the SEC Filing. Following this sale, the insider now owns 98,825 shares of Axon Enterprise Inc.
Axon Enterprise Inc, headquartered in Scottsdale, Arizona, is a company that develops technology and weapons products for law enforcement and civilians. Its main products include conducted electrical weapons, body cameras, and evidence management software.
Over the past year, Brittany Bagley has sold a total of 21,355 shares and has not purchased any shares. This recent transaction is part of a broader trend at Axon Enterprise Inc, where there have been 27 insider sells and no insider buys over the past year.
On the valuation front, Axon Enterprise Inc's shares were trading at $378.95 on the day of the sale, giving the company a market cap of approximately $28.96 billion. The price-earnings ratio stands at 101.12, significantly above both the industry median of 33.23 and the company's historical median.
The stock is currently considered Significantly Overvalued with a price-to-GF Value ratio of 1.31, based on a GF Value of $288.44. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking insider behaviors and evaluating the stock's current valuation metrics against industry standards.
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.
