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In a recent transaction, Jennifer H. Mak, the Chief Accounting Officer of Axon Enterprise, Inc. (NASDAQ:AXON), sold 75 shares of the company’s common stock. The shares were sold at an average price of $771.81 each, amounting to a total transaction value of $57,885. This sale was conducted under a Rule 10b5-1 trading plan, which Mak adopted on March 14, 2025. Following the sale, Mak retains ownership of 15,240 shares in the company. The transaction comes as Axon’s stock has delivered an impressive 162% return over the past year, with the company now commanding a market capitalization of nearly $61 billion. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with 16 additional exclusive insights available to subscribers, including detailed valuation metrics and growth projections.
In other recent news, Axon Enterprise reported impressive first-quarter earnings, with non-GAAP earnings per share reaching $1.41, surpassing the consensus estimate of $1.30. The company also posted a revenue of $603.6 million, marking a 31% year-over-year increase, exceeding the anticipated $587.0 million. Adjusted EBITDA rose by 43% year-over-year to $155.2 million, beating the consensus of $141.1 million. BofA Securities raised Axon’s stock price target to $895 from $750, maintaining a Buy rating, citing sustained growth and new product adoption. TD Cowen also increased their price target to $800, up from $750, while highlighting Axon’s robust first-quarter results and growth drivers. Raymond (NSE:RYMD) James maintained a price target of $645, noting strong annual recurring revenue and significant international bookings. JMP analysts kept their price target at $725, emphasizing Axon’s stronger-than-expected first-quarter performance. These developments reflect a positive outlook on Axon’s financial health and growth trajectory.
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