Insider Selling: TASER International, Inc. (TASR) CFO Sells 19,751 Shares of Stock

TASER International, Inc. (NASDAQ:TASR) CFO Daniel Marc Behrendt sold 19,751 shares of the company’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $23.01, for a total transaction of $454,470.51. Following the completion of the transaction, the chief financial officer now owns 30,762 shares of the company’s stock, valued at approximately $707,833.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Daniel Marc Behrendt also recently made the following trade(s):

  • On Thursday, March 9th, Daniel Marc Behrendt sold 15,661 shares of TASER International stock. The stock was sold at an average price of $22.40, for a total transaction of $350,806.40.
  • On Tuesday, March 7th, Daniel Marc Behrendt sold 10,000 shares of TASER International stock. The stock was sold at an average price of $22.57, for a total transaction of $225,700.00.

TASER International, Inc. (NASDAQ:TASR) traded down 1.92% during mid-day trading on Monday, hitting $22.94. 971,759 shares of the stock were exchanged. TASER International, Inc. has a one year low of $17.18 and a one year high of $30.15. The company has a 50-day moving average price of $24.95 and a 200-day moving average price of $25.14. The company has a market cap of $1.20 billion, a P/E ratio of 71.69 and a beta of 0.50.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Janus Capital Management LLC acquired a new position in shares of TASER International during the fourth quarter valued at about $19,694,000. State Street Corp increased its position in shares of TASER International by 39.8% in the fourth quarter. State Street Corp now owns 2,041,780 shares of the company’s stock valued at $49,490,000 after buying an additional 581,371 shares during the last quarter. Norges Bank acquired a new position in shares of TASER International during the fourth quarter valued at about $5,941,000. Cortina Asset Management LLC increased its position in shares of TASER International by 74.3% in the fourth quarter. Cortina Asset Management LLC now owns 388,876 shares of the company’s stock valued at $9,426,000 after buying an additional 165,790 shares during the last quarter. Finally, Scott & Selber Inc. acquired a new position in shares of TASER International during the third quarter valued at about $1,858,000. 76.34% of the stock is currently owned by institutional investors.

A number of research firms have recently commented on TASR. Zacks Investment Research raised shares of TASER International from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, December 28th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of TASER International in a research note on Wednesday, February 22nd. Ladenburg Thalmann Financial Services reissued a “neutral” rating on shares of TASER International in a research note on Thursday, March 2nd. Finally, Imperial Capital reissued an “in-line” rating and set a $25.00 target price (down previously from $27.00) on shares of TASER International in a research note on Friday, March 3rd. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $28.25.

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).

5 Day Chart for NASDAQ:TASR

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