Stephens Investment Management Group LLC increased its holdings in Axon Enterprise Inc (NASDAQ:AAXN) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 735,274 shares of the industrial products company’s stock after acquiring an additional 4,502 shares during the quarter. Stephens Investment Management Group LLC owned about 1.24% of Axon Enterprise worth $47,212,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Flagship Harbor Advisors LLC lifted its stake in Axon Enterprise by 324.1% in the first quarter. Flagship Harbor Advisors LLC now owns 564 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 431 shares during the period. Quad Cities Investment Group LLC lifted its stake in Axon Enterprise by 400.0% in the second quarter. Quad Cities Investment Group LLC now owns 500 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 400 shares during the period. Executive Wealth Management LLC purchased a new stake in Axon Enterprise in the second quarter worth $32,000. Steward Partners Investment Advisory LLC purchased a new stake in Axon Enterprise in the second quarter worth $103,000. Finally, Stephens Inc. AR lifted its stake in Axon Enterprise by 201.1% in the first quarter. Stephens Inc. AR now owns 2,845 shares of the industrial products company’s stock worth $155,000 after acquiring an additional 1,900 shares during the period. 77.56% of the stock is owned by institutional investors.
In other news, President Luke Larson sold 15,383 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $67.11, for a total transaction of $1,032,353.13. Following the completion of the transaction, the president now directly owns 56,774 shares in the company, valued at $3,810,103.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Garnreiter sold 1,000 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $66.65, for a total value of $66,650.00. Following the transaction, the director now owns 32,657 shares of the company’s stock, valued at $2,176,589.05. The disclosure for this sale can be found here. Insiders have sold 66,383 shares of company stock valued at $4,603,003 over the last 90 days. Corporate insiders own 2.30% of the company’s stock.
AAXN traded down $0.32 during trading on Thursday, reaching $57.54. The stock had a trading volume of 14,121 shares, compared to its average volume of 803,121. The firm’s 50 day simple moving average is $65.21. The company has a market capitalization of $3.41 billion, a P/E ratio of 115.16, a price-to-earnings-growth ratio of 4.08 and a beta of 0.76. Axon Enterprise Inc has a one year low of $39.43 and a one year high of $74.93.
Axon Enterprise (NASDAQ:AAXN) last posted its quarterly earnings data on Thursday, August 8th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). Axon Enterprise had a return on equity of 3.23% and a net margin of 3.34%. The firm had revenue of $112.36 million during the quarter, compared to the consensus estimate of $115.41 million. During the same quarter last year, the company posted $0.18 EPS. Axon Enterprise’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities research analysts predict that Axon Enterprise Inc will post 0.52 EPS for the current fiscal year.
A number of analysts recently commented on the company. Needham & Company LLC lowered Axon Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. BidaskClub upgraded Axon Enterprise from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. TheStreet downgraded Axon Enterprise from a “b-” rating to a “c+” rating in a report on Wednesday, July 10th. ValuEngine downgraded Axon Enterprise from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Finally, Imperial Capital upgraded Axon Enterprise from an “in-line” rating to an “outperform” rating and set a $68.00 price objective for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Axon Enterprise presently has a consensus rating of “Buy” and a consensus price target of $72.22.
Axon Enterprise Company Profile
Axon Enterprise, Inc develops, manufactures, and sells conducted energy weapons (CEWs) worldwide. The company operates through two segments, TASER and Software and Sensors. It offers TASER X26P, TASER X2, TASER 7, and TASER Pulse and Bolt CEWs; and related cartridges. The company also provides on-officer body cameras and Axon Fleet in-car video systems; and Axon Evidence connected software network; Axon Records cloud-based records management system; Axon Signal enabled devices; and computer-aided dispatch software, as well as Axon docks, cartridges, and batteries.
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