Axon Enterprise (AXON) CEO Patrick Smith Sells $5M of Stock
Patrick Smith, the CEO of Axon Enterprise, Inc., sold 10,000 shares on June 29, 2026, valued at $5 million.
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Patrick Smith, CHIEF EXECUTIVE OFFICER at Axon Enterprise, Inc. ($AXON), sold 10,000 shares at an average price of $500, worth about $5 million, on June 29, 2026. The trade was reported to the SEC in a Form 4 filing and was made under a pre-arranged Rule 10b5-1 trading plan.
Since the trade, $AXON is up 21.9% after 1 week, up 4.0% after 1 month and down 23.6% to date (from the $510.60 close on Jun 29, 2026).
AXON
Axon Enterprise, Inc.
Key Points
- Patrick Smith sold 10,000 shares of Axon Enterprise, Inc. for a total of $5 million on June 29, 2026.
- The stock currently trades at $560.61, above its 50-day moving average of $505.34.
- Analysts maintain a buy rating for Axon with a target price averaging $690.68.
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CEO's Significant Sale of Shares
On June 29, 2026, Patrick Smith, the Chief Executive Officer of Axon Enterprise, Inc. (NasdaqGS: AXON), sold 10,000 shares at a price of $500 per share, totaling $5 million. This sale comes as the stock trades around $560.61.
Context of the Sale
Smith's recent sale of 10,000 shares is part of a planned transaction, reflecting a strategic financial move rather than an urgent reaction to market conditions. With this sale, Smith continues to manage his holdings in a company that has seen solid growth.
Analysts Set New Price Targets
Analysts have a generally positive outlook on Axon. On September 3, 2026, Argus Research maintained a Buy rating with a price target of $600. Similarly, both UBS and Morgan Stanley reaffirmed their ratings on August 6, 2026, with targets of $600 and $640, respectively. Piper Sandler has also maintained an Overweight rating, adjusting the target to $732, showing confidence in the company's future performance.
Stock Performance Insights
Currently, Axon's stock is trading at $560.61, significantly above its 50-day moving average of $505.34. It reached a 52-week high of $764.02, indicating strong recent performance. This price action comes amid a broader trend of positive analyst sentiment and expected revenue growth for the company.
Recent Earnings Overview
For the fiscal year, Axon reported a revenue of approximately $3.22 billion, up 35.3% year-over-year. The company's earnings per share (EPS) stood at $2.41, with a net margin of about 6.19%. The next earnings report is scheduled for November 3, 2026, which could further influence market sentiment.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
4 target cuts vs 1 raises.
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EPS & revenue
EPS missed estimates by 1.3%. Revenue beat estimates by 1.7%.
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Profit surprise
EBITDA missed by 65 percent. Operating income missed by 69 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 target raise, 4 target cuts.
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Earnings quality
Gross margin down 1.5 points. Operating margin up 5.7 points. Positive free cash flow.
Earnings Call Summary
The quarter was the strongest ever for first quarter results, with revenue up 34 percent year over year to 807 million dollars. AI Era Plan bookings jumped 140 percent and Dedrone counter-drone business exploded up 500 percent, driven by demand across law enforcement, enterprise, and international markets. Management says they are at an inflection point where AI and connected devices are becoming essential infrastructure that customers want to deploy immediately, with nearly all large police agencies now including AI in their technology plans.
Guidance Axon expects full year revenue growth of 30 to 32 percent and raised that guidance from prior expectations. The company plans to spend about 450 million dollars on free cash flow this year and maintain 25.5 percent adjusted EBITDA margins. Management says AI adoption and counter-drone demand are accelerating faster than planned.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Company Profile
Axon Enterprise, Inc. provides technology solutions for public safety, including software for managing digital evidence and a range of hardware products, such as body cameras and TASER devices. The company serves first responders at various levels across government and commercial sectors, and its innovation in this field is a key driver of its growth.
What's Ahead for Axon Enterprise, Inc.
Investors will be watching for further developments as the next earnings date approaches. The recent insider selling underscores ongoing financial strategies among executives. Remember, filings reflect positions as of the reporting date and may not represent current holdings. This sale by Smith adds another layer to the understanding of Axon's management decisions during a time of growth.
Related Filing Alerts
Source: Patrick Smith's Form 4 filing on $AXON (Jun 29, 2026). Find the original filing: AXON Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts