Tcfg Wealth Management LLC Increases Holdings in Axon Enterprise, Inc $AXON

Tcfg Wealth Management LLC boosted its position in Axon Enterprise, Inc (NASDAQ:AXON) by 5.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 777 shares of the biotechnology company’s stock after purchasing an additional 39 shares during the period. Tcfg Wealth Management LLC’s holdings in Axon Enterprise were worth $643,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. TCTC Holdings LLC grew its holdings in Axon Enterprise by 75.0% in the first quarter. TCTC Holdings LLC now owns 56 shares of the biotechnology company’s stock valued at $29,000 after purchasing an additional 24 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its position in shares of Axon Enterprise by 132.0% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 58 shares of the biotechnology company’s stock worth $31,000 after buying an additional 33 shares in the last quarter. Banque Transatlantique SA purchased a new stake in shares of Axon Enterprise in the 1st quarter worth about $31,000. Catalyst Capital Advisors LLC acquired a new stake in Axon Enterprise in the 1st quarter valued at about $32,000. Finally, Flaharty Asset Management LLC purchased a new position in Axon Enterprise during the 1st quarter valued at about $33,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AXON has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on shares of Axon Enterprise from $730.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. UBS Group restated a “neutral” rating and set a $840.00 price objective (up from $820.00) on shares of Axon Enterprise in a research report on Tuesday, August 5th. Craig Hallum raised Axon Enterprise from a “hold” rating to a “buy” rating and set a $900.00 target price on the stock in a research note on Tuesday, August 5th. Needham & Company LLC reissued a “buy” rating and set a $870.00 price target on shares of Axon Enterprise in a research report on Wednesday, September 24th. Finally, Morgan Stanley set a $885.00 price target on Axon Enterprise and gave the stock an “overweight” rating in a report on Friday, July 11th. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $841.64.

Insider Transactions at Axon Enterprise

In other Axon Enterprise news, President Joshua Isner sold 15,919 shares of Axon Enterprise stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $746.26, for a total value of $11,879,712.94. Following the completion of the sale, the president owned 238,379 shares in the company, valued at $177,892,712.54. The trade was a 6.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick W. Smith sold 10,000 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $743.64, for a total transaction of $7,436,400.00. Following the transaction, the chief executive officer owned 3,043,982 shares in the company, valued at approximately $2,263,626,774.48. The trade was a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,932 shares of company stock worth $37,978,216 in the last quarter. 4.40% of the stock is currently owned by corporate insiders.

Axon Enterprise Stock Up 0.8%

AXON stock opened at $721.59 on Tuesday. The company has a 50 day moving average price of $757.50 and a two-hundred day moving average price of $710.51. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.71 and a current ratio of 2.95. The stock has a market capitalization of $56.65 billion, a P/E ratio of 178.17, a PEG ratio of 27.79 and a beta of 1.41. Axon Enterprise, Inc has a one year low of $416.88 and a one year high of $885.91.

Axon Enterprise (NASDAQ:AXON) last issued its quarterly earnings results on Monday, August 4th. The biotechnology company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.58. The company had revenue of $668.54 million for the quarter, compared to analyst estimates of $641.77 million. Axon Enterprise had a return on equity of 6.80% and a net margin of 13.64%.The business’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 EPS. Axon Enterprise has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Axon Enterprise, Inc will post 5.8 EPS for the current year.

Axon Enterprise Company Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.