Intel stock spikes after report of possible US government stake
Patrick W. Smith, Chief Executive Officer of Axon Enterprise, Inc. (NASDAQ:AXON), a company whose stock has delivered an impressive 108.83% return over the past year and commands a market capitalization of $64.27 billion, sold 8,425 shares of common stock on August 11, 2025, for approximately $8.3 million. The sales were executed in multiple transactions at prices ranging from $821.6848 to $842.89.
The transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by Smith on May 12, 2025. Following the sales, Smith directly owns 3,053,982 shares of Axon Enterprise.
In other recent news, Axon Enterprise has been the focus of multiple analyst upgrades and price target increases following its strong quarterly performance. The company reported a 33% revenue growth, surpassing Wall Street’s expectations of 27%, as highlighted by TD Cowen, which raised its price target to $925. Raymond (NSE:RYMD) James also noted Axon’s second-quarter results exceeded expectations, leading them to increase their price target to $855, driven by strong product performance and significant order volume.
Craig-Hallum upgraded Axon Enterprise to a Buy rating, citing impressive Q2 results and projecting continued growth in bookings and Annual Recurring Revenue. Needham raised its price target to $870, noting the company’s robust performance in AI bookings and exceeding revenue estimates by 420 basis points. BofA Securities set a new price target of $1,000, maintaining a Buy rating, due to strengthening momentum across Axon’s business segments. These developments reflect a positive outlook from analysts, highlighting Axon’s potential for continued growth.
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