Axon Enterprise, Inc. (AXON)'s CEO Patrick W. Smith Sells Roughly $7.4 Million Worth of Shares Under a Pre-Arranged Rule 10b5-1 Trading Plan

With significant hedge fund interest, Axon Enterprise, Inc. (NASDAQ:AXON) secures a spot on our list of the 13 Best Virtual Reality Stocks to Buy Right Now.

On September 9, 2025, Axon Enterprise, Inc. (NASDAQ:AXON) announced that CEO Patrick W. Smith sold roughly $7.4 million worth of shares under a pre-arranged Rule 10b5-1 trading plan. This follows a strong year for the company, where it delivered a 103% return over the past 12 months.

Furthermore, Axon Enterprise, Inc. (NASDAQ:AXON) recently posted 33% revenue growth, beating Wall Street’s 27% expectation. As a result, multiple analysts, including TD Cowen and BofA Securities, raised their price targets to as high as $1,000 on confidence in its growth trajectory. Moreover, the company strengthened its board with the appointment of Todd Morgenfeld, signaling continued focus on corporate governance and expansion.

Axon Enterprise, Inc. (NASDAQ:AXON) offers TASER-branded conducted energy devices, body-worn and in-vehicle cameras, and cloud-based digital evidence management software globally. It is one of the Best Virtual Reality Stocks To Buy.

While we acknowledge the potential of AXON as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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