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Axon Enterprise (NASDAQ:AXON) Chief Executive Officer Patrick W. Smith sold 8,648 shares of common stock on September 8, 2025, for approximately $7.4 million. The sales occurred in multiple transactions with prices ranging from $734.291 to $749.82. The stock has shown remarkable strength, delivering a 103% return over the past year, though InvestingPro analysis indicates the stock is currently trading above its Fair Value.
Following the reported transactions, Smith directly owns 3,043,982 shares of Axon Enterprise.
The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 12, 2025.
In other recent news, Axon Enterprise has been the subject of several significant developments. The company reported impressive quarterly performance, with revenue growth reaching 33%, surpassing Wall Street’s expectations of 27%. This strong performance prompted TD Cowen to raise its price target for Axon to $925, maintaining a Buy rating due to confidence in the company’s growth prospects. BofA Securities also raised its price target to $1,000, citing strengthening momentum across Axon’s business segments. Additionally, Craig-Hallum upgraded Axon Enterprise from Hold to Buy, highlighting the company’s impressive Q2 results and growth trajectory in bookings and Annual Recurring Revenue.
In corporate governance news, Axon Enterprise appointed Todd Morgenfeld to its board of directors. Morgenfeld will serve on both the Audit Committee and the Mergers and Acquisitions and Capital Structure Committee. His compensation package includes restricted stock units and annual cash compensation. These developments reflect Axon’s strategic efforts to enhance its leadership and capitalize on growth opportunities.
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