We wouldn't blame Axon Enterprise, Inc. (NASDAQ:AXON) shareholders if they were a little worried about the fact that Jeffrey Kunins, the Chief Product Officer & CTO recently netted about US$26m selling shares at an average price of US$602. That's a big disposal, and it decreased their holding size by 32%, which is notable but not too bad.
Axon Enterprise Insider Transactions Over The Last Year
In fact, the recent sale by Jeffrey Kunins was the biggest sale of Axon Enterprise shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of US$599. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
Axon Enterprise insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.
Does Axon Enterprise Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Axon Enterprise insiders own about US$2.2b worth of shares (which is 4.9% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Axon Enterprise Insiders?
Insiders sold Axon Enterprise shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Axon Enterprise is growing earnings. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Axon Enterprise. At Simply Wall St, we found 2 warning signs for Axon Enterprise that deserve your attention before buying any shares.
Of course Axon Enterprise may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
