Axos Financial EVP Micheletti sells $1.19m in stock

Published 05/08/2025, 22:56
Axos Financial EVP Micheletti sells $1.19m in stock

Andrew J. Micheletti, EVP of Finance at Axos Financial, Inc. (NASDAQ:NYSE:AX), a $4.85 billion financial services company, sold 13,960 shares of common stock on August 4, 2025, according to a Form 4 filing with the Securities and Exchange Commission. InvestingPro analysis shows the stock trading near its 52-week high of $88.46, with analysts setting price targets between $94 and $105. The shares were sold at prices ranging from $85.20 to $85.51, with an average price of $85.38, totaling approximately $1.19 million.

Following the transaction, Micheletti directly owns 67,460 shares of Axos Financial. He also indirectly owns 3,241 shares through a 401(k) plan.

In other recent news, Axos Financial has reported impressive financial results for the fourth quarter of fiscal year 2025. The company achieved an earnings per share (EPS) of $1.94, surpassing analysts’ expectations of $1.78. Revenue also showed strong performance, contributing to the positive financial outlook for the company. In light of these results, Needham has raised its price target for Axos Financial to $102, up from $92, while maintaining a Buy rating. This adjustment reflects the company’s robust fiscal year 2025 performance, characterized by a higher net interest margin and stronger fee income. These developments have caught the attention of investors and analysts alike, highlighting Axos Financial’s strategic initiatives and financial health.

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