AXT Inc (AXTI) stock fell sharply on June 5, dropping around $16.95 to trade near $89.04. That’s a pullback of roughly 16% in a single session.
The drop comes after an extraordinary run. AXT stock is still up 548% year-to-date, which had pushed the price well above where most analysts think it should be.
The immediate trigger appears to be insider selling. CEO Morris Young sold more than $22 million in stock, a move that rattled investors who had been riding the rally.
Director Jesse Chen also sold 6,133 stock units on June 4 at an average price of $108.28, pocketing around $664,081. That trade alone reduced his position by over 6%, though he still holds 94,193 units worth roughly $10.2 million.
Chen has been a consistent seller. Over the prior months, he offloaded tens of thousands of units at prices ranging from roughly $37 to $111 per unit.
The stock’s biggest problem right now may simply be the price versus where analysts think it belongs. The consensus price target sits at just $43.80, a fraction of where the stock was trading before Friday’s drop.
Northland Securities has an outlier target of $125.00, while B. Riley sits at $21.00 with a “neutral” rating. Wedbush, despite raising its target to $28.00, rates the stock “outperform” — still well below recent trading prices.
Two analysts hold Buy ratings, two say Hold, and one rates it a Sell. That mixed picture hasn’t done much to reassure the market after insider selling of this scale.
AXT reported its most recent quarterly results on April 30. The company posted a loss of $0.01 per share, which beat the consensus estimate of a $0.04 loss. Revenue came in at $26.92 million, just ahead of the $26.22 million analysts expected.
Looking ahead, AXT guided for Q2 2026 earnings of $0.06 to $0.08 per share — a positive signal that the company expects to turn profitable in the coming quarter.
For the full year, analysts currently expect AXT to post $0.20 EPS.
The company also held its annual meeting on June 4 after it had been delayed due to a lack of quorum. The reconvening added to the news flow around the stock at an already sensitive time.
Institutional investors still own about 49.52% of the company. Recent buyers include Ariose Capital Management, which took a new position worth approximately $39 million in Q1, and Assenagon Asset Management, which grew its stake by 161.9% to over 1.5 million units.
The 52-week range for AXTI runs from $1.72 to a high of $143.16, with Friday’s close at $89.04 sitting between those extremes.
The stock’s 50-day moving average is $88.78, and its 200-day moving average is $46.83.
The post AXT (AXTI) Stock Slides 16% After CEO Cashes Out $22 Million Near All-Time Highs appeared first on CoinCentral.
