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Axon Enterprise, Inc. (NASDAQ: AXON) Investor Alert: Investigation over potential Wrongdoing

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An investigation on behalf of investors in shares of Axon Enterprise, Inc. (NASDAQ: AXON) was announced over potential breaches of fiduciary duties by certain officers and directors at Axon Enterprise, Inc. .

 

Investors who purchased shares of Axon Enterprise, Inc. (NASDAQ: AXON) a have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

 

The investigation by a law firm concerns whether certain Axon Enterprise, Inc. officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

 

Scottsdale, AZ based Axon Enterprise, Inc. develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. Axon Enterprise, Inc. (NASDAQ:AXON) is largely controlled by institutional shareholders who own 80% of the company, while the general public, who are usually individual investors, hold only 14% stake in Axon Enterprise, Inc. Board member of Axon Enterprise, Inc own collectively over US$1billion worth of shares.

Axon Enterprise, Inc. reported that its annual Total Revenue rose from $863,38 million in in 2021 to over $1.18 billion in 2022, and that its Net Loss of $60.01 million in 2021 turned to a Net Income of $147.13 million in 2022.

 

In August 2023,  an article was published regarding certain activities taking place Axon Enterprise, Inc. Staff tasings, known as ‘exposures,’ are corporate rituals at Axon Enterprise, Inc., stating, “Sometimes they involve mid-career employees, but often they are used to initiate interns or new recruits into Axon’s all-in culture, according to numerous interviews and videos seen by Reuters.” The article further states, “Besides hosting Taser exposures, Company leaders have urged staff to ‘make things permanent’ by getting tattoos of Axon logos on their bodies and to bet part of their pay on a stock plan most advantageous to ensconced, highly placed executives, according to interviews and Axon materials reviewed by Reuters.”

 

On November 07, 2023, Axon Enterprise, Inc reported its third quarter financial results and raised its full year revenue outlook to approximately $1.55 billion.

On February 13, 2024, Axon Enterprise, Inc. (NASDAQ: AXON) announced that it will report fourth quarter 2023 financial results after the market closes on Tuesday, February 27, 2024.

 

Shares of Axon Enterprise, Inc. (NASDAQ: AXON) rose from $203.92 per share in late October 2023 to over $274 per share on February 15, 2024.

 

However, recently it was reported that Axon Enterprise, Inc allegedly tried to intimidate a Scottsdale official over a apartment development plan. The commissioner made the allegations in an email to the city attorney. According to the email the Scottsdale planning commissioner accused Axon Enterprise, Inc of trying to pressure him into granting the company’s rezoning request that would allow it to build 1,975 apartments and a 425-room hotel on a portion of the land it purchased for a new headquarters. Axon Enterprise, Inc. has not responded to the allegations yet. 

 

Shares of Axon Enterprise, Inc. (NASDAQ: AXON) declined from $274.78 per share on February 15, 2024, to $260.27 per share during February 21, 2024. 

 

Those who purchased shares of Axon Enterprise, Inc. (NASDAQ: AXON), have certain options and should contact the Shareholders Foundation.

 

Contact:

Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone:  +1-(858)-779-1554
Fax:  +1-(858)-605-5739
mail@shareholdersfoundation.com

About:

The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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