On August 9, 2024, Matthew Mcbrady, Director at Axon Enterprise Inc (NASDAQ:AXON), sold 2,000 shares of the company. The transaction was documented in a recent SEC filing. Following this sale, the insider now owns 4,892 shares of Axon Enterprise Inc.
Known for its comprehensive public safety technologies, including electric weapons, body cameras and evidence management software, Axon Enterprise Inc. is a major player in the law enforcement sector.
The shares were sold at a price of $364.66, representing a transaction value of approximately $728,320. This sale has contributed to the ongoing trend of insider selling at the company, with a total of 18 insider sales and no insider purchases over the past year.
The current market capitalization of Axon Enterprise Inc. is approximately $27.81 billion. The stock’s price-to-earnings ratio is 97.11, well above the industry median of 33.605 and the company’s historical median.
According to GF Value, the estimated intrinsic value of Axon Enterprise Inc. is $282.48 per share, making the stock slightly overvalued at a price-to-value ratio of 1.29.
The GF value is calculated taking into account historical multiples such as price-earnings ratio, price-sales ratio, price-book value ratio and price-free cash flow, adjusted by a GuruFocus factor based on past earnings and growth as well as analysts’ estimates of future business performance.
This insider sale may be of interest to current and prospective investors as it provides insight into the insider’s view on the stock’s valuation and future prospects.
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.
