VestGen Advisors LLC increased its stake in Axon Enterprise, Inc (NASDAQ:AXON – Free Report) by 248.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,576 shares of the biotechnology company’s stock after purchasing an additional 2,550 shares during the quarter. VestGen Advisors LLC’s holdings in Axon Enterprise were worth $1,511,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of AXON. M & L Capital Management Ltd purchased a new position in Axon Enterprise in the 3rd quarter worth approximately $30,000. Keating Financial Advisory Services Inc. acquired a new stake in Axon Enterprise in the second quarter valued at approximately $31,000. Wealth Enhancement Trust Services Inc. acquired a new stake in Axon Enterprise in the third quarter valued at approximately $33,000. Washington Trust Advisors Inc. grew its position in Axon Enterprise by 1,300.0% in the second quarter. Washington Trust Advisors Inc. now owns 70 shares of the biotechnology company’s stock valued at $39,000 after acquiring an additional 65 shares in the last quarter. Finally, Balance Wealth Partners LLC purchased a new stake in shares of Axon Enterprise during the third quarter valued at approximately $44,000. 79.08% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Northcoast Research boosted their target price on shares of Axon Enterprise from $650.00 to $680.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Raymond James Financial set a $675.00 target price on shares of Axon Enterprise in a research note on Thursday, October 15th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, July 21st. UBS Group lifted their price target on shares of Axon Enterprise from $440.00 to $600.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Finally, Piper Sandler cut their price objective on shares of Axon Enterprise from $732.00 to $561.00 and set an “overweight” rating on the stock in a report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $688.38.
View Our Latest Research Report on Axon Enterprise
Trending Headlines about Axon Enterprise
Here are the key news stories impacting Axon Enterprise this week:
- Positive Sentiment: An analyst opinion upgraded Axon Enterprise to “Buy,” arguing that the company’s valuation premium has narrowed and that its integrated public-safety hardware and cloud-software ecosystem continues to support strong growth. Axon Enterprise: Upgrading To Buy As The Premium Fades
- Positive Sentiment: Recent comparisons with DocuSign, Adobe and Datadog highlighted Axon’s rapid expansion in public safety and its combination of connected devices, software and recurring services. Other coverage also raised the possibility of substantial long-term upside, though these articles were opinion-based rather than new company announcements. Can Axon Stock Jump 50?
- Neutral Sentiment: Investment comparisons positioned Axon as a high-growth public-safety technology company, but offered no new financial results, contracts or guidance that would immediately change earnings expectations. Axon Enterprise vs. DocuSign
- Negative Sentiment: Investors may be reducing exposure before earnings because Zacks said Axon does not appear to have the usual combination of factors supporting a likely earnings beat. That raises the risk of volatility if results or guidance fall short of expectations. Axon Reports Next Week
- Negative Sentiment: Concerns remain that employee share-based compensation taxes are consuming cash despite strong growth, while the stock’s premium valuation leaves limited room for execution errors. Strong Growth, But Staff Share Taxes Eat The Cash
- Negative Sentiment: Axon’s larger decline than the broader market indicates near-term selling pressure, likely reflecting profit-taking and pre-earnings caution rather than a newly announced operational setback. Axon Registers a Bigger Fall Than the Market
Axon Enterprise Price Performance
AXON stock opened at $427.77 on Friday. The stock’s 50 day moving average is $463.44 and its two-hundred day moving average is $481.21. Axon Enterprise, Inc has a 52-week low of $339.01 and a 52-week high of $749.96. The company has a market capitalization of $34.75 billion, a PE ratio of 177.50, a P/E/G ratio of 8.33 and a beta of 1.44. The company has a quick ratio of 1.80, a current ratio of 2.15 and a debt-to-equity ratio of 0.47.
Axon Enterprise (NASDAQ:AXON – Get Free Report) last released its earnings results on Wednesday, August 5th. The biotechnology company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.84 by $0.04. The company had revenue of $904.39 million during the quarter, compared to analysts’ expectations of $876.42 million. Axon Enterprise had a return on equity of 2.84% and a net margin of 6.19%. The business’s revenue was up 35.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.12 EPS. Analysts predict that Axon Enterprise, Inc will post 2.10 earnings per share for the current fiscal year.
Insider Activity at Axon Enterprise
In related news, CEO Patrick Smith sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $508.99, for a total value of $5,089,900.00. Following the sale, the chief executive officer directly owned 3,118,012 shares of the company’s stock, valued at $1,587,036,927.88. This represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Joshua Isner sold 16,775 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $574.43, for a total transaction of $9,636,063.25. Following the completion of the sale, the president directly owned 296,974 shares in the company, valued at $170,590,774.82. This represents a 5.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 47,397 shares of company stock worth $26,722,984 in the last ninety days. 4.20% of the stock is currently owned by corporate insiders.
Axon Enterprise Company Profile
Axon Enterprise, Inc develops technology and connected products for public safety organizations. The company’s portfolio includes TASER conducted-energy weapons, body-worn cameras, in-car cameras, and related hardware designed to support law enforcement, corrections, security, and other emergency-response professionals.
Axon also provides cloud-based software for managing digital evidence, records, workflows, real-time operations, investigations, and communications. Its platform is intended to connect hardware, software, and services across the public-safety ecosystem, helping agencies collect, store, analyze, and share operational information.
The company was founded in 1993 as TASER International by Rick Smith and Tom Smith and adopted the name Axon Enterprise in 2017 as it expanded beyond conducted-energy weapons into a broader technology platform.
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