Ascentis Independent Advisors Takes $539,000 Position in Axon Enterprise, Inc $AXON

Ascentis Independent Advisors bought a new stake in Axon Enterprise, Inc (NASDAQ:AXON) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,270 shares of the biotechnology company’s stock, valued at approximately $539,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV acquired a new stake in shares of Axon Enterprise in the fourth quarter valued at approximately $28,000. Sound Income Strategies LLC boosted its stake in Axon Enterprise by 550.0% during the 4th quarter. Sound Income Strategies LLC now owns 52 shares of the biotechnology company’s stock worth $30,000 after purchasing an additional 44 shares during the period. Camelot Portfolios LLC acquired a new stake in Axon Enterprise during the 4th quarter worth $30,000. AlphaCentric Advisors LLC purchased a new position in Axon Enterprise during the 4th quarter worth $34,000. Finally, Lodestone Wealth Management LLC purchased a new position in Axon Enterprise during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Axon Enterprise Stock Down 6.3%

AXON stock opened at $599.80 on Thursday. The company has a market cap of $48.34 billion, a P/E ratio of 240.88, a P/E/G ratio of 13.07 and a beta of 1.38. Axon Enterprise, Inc has a 52 week low of $339.01 and a 52 week high of $885.91. The company’s 50-day moving average price is $451.08 and its 200 day moving average price is $483.28. The company has a current ratio of 2.27, a quick ratio of 1.93 and a debt-to-equity ratio of 0.49.

Axon Enterprise (NASDAQ:AXON) last issued its earnings results on Wednesday, May 6th. The biotechnology company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.01. Axon Enterprise had a net margin of 6.90% and a return on equity of 3.78%. The company had revenue of $807.35 million during the quarter, compared to analysts’ expectations of $778.90 million. During the same period last year, the company posted $1.47 earnings per share. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. On average, research analysts expect that Axon Enterprise, Inc will post 1.63 earnings per share for the current fiscal year.

Axon Enterprise News Roundup

Here are the key news stories impacting Axon Enterprise this week:

• Positive Sentiment: Axon is benefiting from renewed investor attention around major public-safety contract opportunities, including reported momentum tied to Immigration and Customs Enforcement and a larger Axon-aligned contract, which has helped reinforce the company’s growth narrative. Why Axon Enterprise (AXON) Is Up 14.2% After Trump Stake And New ICE Contract Momentum
• Positive Sentiment: Strong operating results continue to support the stock, with Axon recently posting record quarterly revenue of $807 million and beating EPS expectations, suggesting demand for its public safety technology remains robust. Axon Enterprise (AXON) Following Its Public Safety Platform Narrative Looks Fully Valued
• Positive Sentiment: Analyst commentary is still constructive, with Needham raising its price target to $750 and arguing Axon’s premium valuation is justified by durable booking growth. Needham Bets Axon’s Premium Is Sustainable at $750
• Neutral Sentiment: Some coverage highlights that Axon may already be fully valued after its sharp run-up, which could cap near-term upside even if the long-term story remains strong. Axon Enterprise (AXON) Following Its Public Safety Platform Narrative Looks Fully Valued
• Negative Sentiment: The stock has also faced some pushback from articles noting it underperformed peers and from local political controversy tied to Axon’s role in Scottsdale elections, which may weigh on sentiment. Axon Enterprise Inc. stock underperforms Wednesday when compared to competitors Conservatives challenge Axon’s role in Scottsdale elections

Insider Transactions at Axon Enterprise

In related news, CEO Patrick W. Smith sold 20,000 shares of Axon Enterprise stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $500.00, for a total transaction of $10,000,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,060,997 shares of the company’s stock, valued at approximately $1,530,498,500. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Elizabeth Reid Coughlin sold 1,554 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $485.00, for a total value of $753,690.00. Following the sale, the insider owned 34,024 shares in the company, valued at approximately $16,501,640. The trade was a 4.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,989 shares of company stock worth $24,090,083 over the last ninety days. 4.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AXON. Needham & Company LLC upped their target price on shares of Axon Enterprise from $600.00 to $750.00 and gave the company a “buy” rating in a report on Monday. Piper Sandler reissued an “overweight” rating and set a $674.00 price target on shares of Axon Enterprise in a report on Monday, June 15th. Weiss Ratings upgraded Axon Enterprise from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Morgan Stanley set a $600.00 price objective on Axon Enterprise in a research note on Thursday, May 7th. Finally, Zacks Research raised Axon Enterprise from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Axon Enterprise presently has a consensus rating of “Moderate Buy” and an average target price of $722.12.

About Axon Enterprise

Axon Enterprise, Inc develops technology and weapons systems for public safety and law enforcement agencies, combining hardware, software and cloud services. The company’s hardware portfolio includes conducted energy weapons (commonly known as TASER devices), body-worn cameras and in-car camera systems. Axon pairs these devices with a suite of connected products and accessories designed to capture, store and manage field evidence.

Beyond hardware, Axon operates a subscription-based software platform for digital evidence management, evidence review and records management.