Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Axon Enterprise, Inc. NASDAQ: AXON. In a filing disclosed on December 31st, the Senator disclosed that they had sold between $15,001 and $50,000 in Axon Enterprise stock on December 18th.
Senator Markwayne Mullin also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Eaton NYSE: ETN on 12/18/2024.
- Sold $1,001 - $15,000 in shares of CyberArk Software NASDAQ: CYBR on 12/18/2024.
- Sold $15,001 - $50,000 in shares of Eaton NYSE: ETN on 12/18/2024.
- Sold $15,001 - $50,000 in shares of Sprouts Farmers Market NASDAQ: SFM on 12/18/2024.
- Sold $15,001 - $50,000 in shares of Ollie's Bargain Outlet NASDAQ: OLLI on 12/18/2024.
- Sold $15,001 - $50,000 in shares of Stride NYSE: LRN on 12/18/2024.
- Sold $1,001 - $15,000 in shares of Badger Meter NYSE: BMI on 12/18/2024.
- Sold $15,001 - $50,000 in shares of CyberArk Software NASDAQ: CYBR on 12/18/2024.
- Sold $15,001 - $50,000 in shares of Freshpet NASDAQ: FRPT on 12/18/2024.
- Sold $1,001 - $15,000 in shares of e.l.f. Beauty NYSE: ELF on 12/18/2024.
Axon Enterprise Stock Performance
Shares of AXON traded down $10.00 during trading hours on Wednesday, hitting $594.32. The company's stock had a trading volume of 510,224 shares, compared to its average volume of 611,868. The business has a 50 day simple moving average of $587.48 and a two-hundred day simple moving average of $435.93. Axon Enterprise, Inc. has a 52-week low of $241.72 and a 52-week high of $698.67. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. The company has a market cap of $45.32 billion, a price-to-earnings ratio of 153.57, a PEG ratio of 14.19 and a beta of 1.01.
Insider Activity at Axon Enterprise
In other Axon Enterprise news, Director Michael Garnreiter sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $437.98, for a total transaction of $437,980.00. Following the completion of the transaction, the director now owns 26,259 shares of the company's stock, valued at $11,500,916.82. This represents a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick W. Smith sold 4,767 shares of Axon Enterprise stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $404.14, for a total value of $1,926,535.38. Following the completion of the sale, the chief executive officer now owns 2,925,060 shares in the company, valued at approximately $1,182,133,748.40. This represents a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,862 shares of company stock worth $32,814,021 in the last ninety days. 5.70% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Axon Enterprise from $600.00 to $800.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Morgan Stanley upgraded Axon Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $500.00 to $700.00 in a research report on Tuesday, December 3rd. The Goldman Sachs Group increased their price objective on Axon Enterprise from $385.00 to $441.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Needham & Company LLC lifted their target price on Axon Enterprise from $525.00 to $600.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, Northland Securities increased their price target on shares of Axon Enterprise from $365.00 to $550.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $488.67.
Check Out Our Latest Research Report on AXON
Hedge Funds Weigh In On Axon Enterprise
Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of Axon Enterprise by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,782,828 shares of the biotechnology company's stock valued at $710,103,000 after purchasing an additional 35,320 shares during the last quarter. Westfield Capital Management Co. LP boosted its position in Axon Enterprise by 12.2% during the third quarter. Westfield Capital Management Co. LP now owns 1,175,328 shares of the biotechnology company's stock valued at $469,661,000 after buying an additional 127,769 shares during the period. Champlain Investment Partners LLC grew its stake in shares of Axon Enterprise by 13.9% during the third quarter. Champlain Investment Partners LLC now owns 682,420 shares of the biotechnology company's stock valued at $272,695,000 after buying an additional 83,265 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Axon Enterprise by 1.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 561,263 shares of the biotechnology company's stock worth $224,281,000 after buying an additional 9,090 shares during the period. Finally, Groupama Asset Managment bought a new stake in shares of Axon Enterprise in the 3rd quarter valued at about $200,000. 79.08% of the stock is currently owned by hedge funds and other institutional investors.
About Senator Mullin
Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father's plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.
Axon Enterprise Company Profile
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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, Software and Sensors, and TASER. 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.
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