Taser International Inc. (TASR) CFO Daniel Marc Behrendt Sells 9,118 Shares
Taser International Inc. (NASDAQ:TASR) CFO Daniel Marc Behrendt sold 9,118 shares of the stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $27.76, for a total transaction of $253,115.68. Following the sale, the chief financial officer now directly owns 60,024 shares of the company’s stock, valued at $1,666,266.24. The sale was disclosed in a document filed with the SEC, which is available through this link.
Taser International Inc. (NASDAQ:TASR) traded down 0.61% during mid-day trading on Friday, hitting $27.79. The stock had a trading volume of 420,689 shares. The company has a market cap of $1.45 billion, a PE ratio of 111.16 and a beta of 0.32. Taser International Inc. has a one year low of $13.56 and a one year high of $30.15. The firm’s 50-day moving average price is $23.93 and its 200 day moving average price is $24.92.
Taser International (NASDAQ:TASR) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. The business earned $71.90 million during the quarter, compared to analysts’ expectations of $59 million. Taser International had a return on equity of 10.96% and a net margin of 6.63%. The business’s revenue was up 42.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.03 earnings per share. On average, equities research analysts anticipate that Taser International Inc. will post $0.32 EPS for the current year.
A number of research analysts have recently commented on the company. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Taser International in a research report on Friday, November 11th. Craig Hallum increased their target price on Taser International from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, November 10th. Vetr upgraded Taser International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 12th. Ladenburg Thalmann downgraded Taser International from a “buy” rating to a “neutral” rating in a research report on Monday, October 3rd. Finally, Imperial Capital assumed coverage on Taser International in a research report on Friday, October 14th. They set an “outperform” rating and a $27.00 target price for the company. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $29.00.
Several hedge funds have recently bought and sold shares of TASR. Cortina Asset Management LLC acquired a new stake in Taser International during the second quarter worth approximately $6,813,000. Private Trust Co. NA acquired a new stake in Taser International during the second quarter worth approximately $211,000. Kennedy Capital Management Inc. acquired a new stake in Taser International during the first quarter worth approximately $2,503,000. Capital Fund Management S.A. boosted its stake in Taser International by 49.1% in the second quarter. Capital Fund Management S.A. now owns 83,377 shares of the company’s stock worth $2,074,000 after buying an additional 27,451 shares during the period. Finally, HighPoint Advisor Group LLC boosted its stake in Taser International by 7.8% in the second quarter. HighPoint Advisor Group LLC now owns 10,668 shares of the company’s stock worth $306,000 after buying an additional 768 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.
About Taser International
TASER International, Inc is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) designed for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. The Company is also engaged in development of connected wearable on-officer cameras, which utilize its cloud-based digital evidence management solution (Axon solution).
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