G Mattson observed:
“We believe the company is in a long-term transition period. In our view, the company is in the middle of a long-term business transformation where it is looking to overhaul the way policing gets done. The new RMS offering will be the backbone of this transformation. The vision would include having the RMS product taking in inputs from the Axon sensors in the field (weapons, body cams, in-car cameras, drones etc.) and automating much of the back-end processes that bog down police officers. This can make the officer more efficient, thus saving the agency significant money. Though the RMS is being released in mid-2019 the early versions will need years of R&D to get to the point of functionality that aligns with the vision, in our view.”
According to TipRanks.com, Mattson is a 4-star analyst with an average return of 11.0% and a 50.9% success rate. Mattson covers the Technology sector, focusing on stocks such as Brightcove Inc, Datawatch Corp, and Attunity Ltd.
Axon Enterprise Inc has an analyst consensus of Moderate Buy, with a price target consensus of $74, a 43.0% upside from current levels. In a report issued on November 7, Oppenheimer also assigned a Hold rating to the stock.
The company has a one-year high of $76.45 and a one-year low of $20.81. Currently, Axon Enterprise Inc has an average volume of 674.5K.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2018, Douglas Klint, the Corp. Secretary of AAXN sold 25,000 shares for a total of $1,745,500.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Axon Enterprise, Inc. engages in the development, manufacture, and sale of conducted electrical weapons for personal defense. It operates through the TASER Weapons and Software and Sensors segments. The TASER Weapons segment sells conducted electrical weapons, accessories, and other related products and services.