On August 21, 2024, Caitlin Kalinowski, Director at Axon Enterprise Inc (NASDAQ:AXON), sold 450 shares of the company’s stock, according to the SEC filing. Following this transaction, the insider now owns 7,379 shares of the company’s stock.
Axon Enterprise Inc (NASDAQ:AXON) specializes in developing technology and weapons products for law enforcement and civilians. Their product range includes electric weapons, body cameras and software solutions.
Over the past year, Caitlin Kalinowski has made several transactions involving the company’s stock. The insider sold a total of 2,450 shares and did not buy any shares during this period.
The insider transaction history of Axon Enterprise Inc (NASDAQ:AXON) shows a trend of more selling than buying among insiders. In the past year, there were 21 insider sales and no insider purchases.
On the day of Caitlin Kalinowski’s last sale, Axon Enterprise Inc. shares were trading at $373.03, giving the company a market capitalization of approximately $28.17 billion. The company’s price-to-earnings ratio is 98.34, well above the industry average of 33.1.
The stock’s valuation appears to be significantly overvalued, according to GuruFocus. The GF Value, an estimate of intrinsic value, is $282.52, which compared to the current price gives a Price to GF Value ratio of 1.32, suggesting that the stock is significantly overvalued.
This valuation is supported by historical multiples such as price-to-earnings, price-to-sales, price-to-book and price-to-free cash flow, as well as a GuruFocus adjustment factor based on past earnings and growth and Morningstar analyst estimates of future business performance.
Recent insider selling activity may be of interest to investors, especially in light of the company’s current valuation metrics and stock performance trends.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
