In a recent transaction, Caitlin Elizabeth Kalinowski, director at Axon Enterprise, Inc. (NASDAQ:AXON), sold 2,000 shares of the company's common stock. The sale was executed on May 20, 2024, with the total value amounting to approximately $580,386.
The shares were sold at prices ranging from $290.05 to $290.43, with the reported weighted average sales price being $290.1934 per share. Following the sale, Kalinowski's ownership in the company stands at 7,829 shares of common stock.
Axon Enterprise, Inc., known for its law enforcement and public safety equipment, has seen its stock price fluctuate in recent months. The sale by a director may be of interest to investors who closely monitor insider transactions as indicators of confidence in the company's future performance.
Investors and shareholders may request detailed information about the exact number of shares sold at each price from Kalinowski if needed. This transaction has been publicly filed and is available for review by the Securities and Exchange Commission (SEC), the issuer, or any security holder of the issuer.
Caitlin Elizabeth Kalinowski's sale is part of the routine financial disclosures made by company insiders, providing transparency into the trading activities of senior company officials.
InvestingPro Insights
Amid the recent insider transactions at Axon Enterprise, Inc. (NASDAQ:AXON), the company's financial health and market performance remain a focal point for current and prospective investors. The latest data from InvestingPro provides a snapshot of Axon's financial standing and market valuation.
The company boasts a robust market capitalization of $21.73 billion, reflecting investor confidence and the scale of its operations. Despite a high P/E ratio of 81.94, which suggests a premium market valuation, Axon's gross profit margin stands impressively at 60.16% over the last twelve months as of Q1 2024. This indicates strong operational efficiency and profitability at the gross level.
InvestingPro Tips highlight that Axon holds more cash than debt on its balance sheet and that net income is expected to grow this year. These factors are particularly relevant to investors gauging the company's financial stability and growth prospects. Additionally, with analysts anticipating sales growth in the current year, there is an optimistic outlook on the company's ability to increase its revenue streams.
For those interested in gaining deeper insights, InvestingPro offers a range of additional tips. In fact, there are 18 more InvestingPro Tips available for Axon Enterprise, Inc., which can be explored by visiting their dedicated page on InvestingPro. These tips could provide valuable guidance to investors looking to make an informed decision on the company's stock.
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