Insider Sell: Axon Enterprise Inc's President Joshua Isner Sells 4,518 Shares
Axon Enterprise Inc (NASDAQ:AXON), a company specializing in the development, manufacture, and sale of conducted electrical weapons, body-worn cameras, and software, has reported an insider sell according to a recent SEC filing. President Joshua Isner sold 4,518 shares of the company on December 19, 2023. The transaction was disclosed in a Form 4 filing with the SEC, which can be accessed through the following link: SEC Filing.
Over the past year, the insider has sold a total of 79,744 shares and has not made any purchases of the company's stock. This latest transaction continues a pattern of insider sells at Axon Enterprise Inc, with a total of 28 insider sells and 4 insider buys over the past year.
On the day of the insider's recent sell, shares of Axon Enterprise Inc were trading at $255.55, giving the company a market capitalization of $19.13 billion. The price-earnings ratio of the stock stands at 130.90, which is significantly above both the industry median of 32.425 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.06, indicating that Axon Enterprise Inc is considered Fairly Valued based on its GF Value of $240.66. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which factors in historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent insider trading activity at Axon Enterprise Inc, providing a visual representation of the buys and sells over the past year.
The GF Value image provides insight into the stock's valuation, comparing the current share price to the calculated GF Value.
Investors and analysts often monitor insider trading patterns as an indicator of management's perspective on the company's future prospects. The consistent selling by insiders at Axon Enterprise Inc may be of interest to stakeholders and potential investors as they assess the company's stock performance and valuation.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
