Axon Enterprise, Inc $AXON Shares Acquired by WoodTrust Financial Corp

WoodTrust Financial Corp lifted its stake in Axon Enterprise, Inc (NASDAQ:AXON) by 252.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,676 shares of the biotechnology company’s stock after acquiring an additional 8,361 shares during the period. WoodTrust Financial Corp’s holdings in Axon Enterprise were worth $4,933,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Rockefeller Capital Management L.P. increased its holdings in shares of Axon Enterprise by 53.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 11,518 shares of the biotechnology company’s stock worth $6,542,000 after buying an additional 4,002 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Axon Enterprise by 122,993.6% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 461,601 shares of the biotechnology company’s stock worth $195,036,000 after acquiring an additional 461,226 shares in the last quarter. B. Metzler seel. Sohn & Co. AG bought a new stake in Axon Enterprise during the 2nd quarter worth approximately $3,854,000. Arrowstreet Capital Limited Partnership bought a new stake in Axon Enterprise during the 1st quarter worth approximately $15,067,000. Finally, Brown Lisle Cummings Inc. increased its holdings in Axon Enterprise by 97,231.4% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 34,066 shares of the biotechnology company’s stock valued at $19,098,000 after purchasing an additional 34,031 shares in the last quarter. 79.08% of the stock is owned by institutional investors and hedge funds.

Axon Enterprise Trading Down 0.4%

AXON traded down $1.63 during mid-day trading on Friday, reaching $415.68. The stock had a trading volume of 304,312 shares, compared to its average volume of 1,052,397. The firm’s fifty day simple moving average is $520.54 and its two-hundred day simple moving average is $476.63. The stock has a market capitalization of $33.77 billion, a P/E ratio of 172.73, a P/E/G ratio of 7.64 and a beta of 1.44. Axon Enterprise, Inc has a 52 week low of $339.01 and a 52 week high of $764.02. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.15.

Axon Enterprise (NASDAQ:AXON) last released its earnings results on Wednesday, August 5th. The biotechnology company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.04. Axon Enterprise had a return on equity of 2.84% and a net margin of 6.19%.The company had revenue of $904.39 million during the quarter, compared to the consensus estimate of $876.42 million. During the same quarter in the previous year, the company posted $2.12 earnings per share. The firm’s quarterly revenue was up 35.3% on a year-over-year basis. On average, equities analysts predict that Axon Enterprise, Inc will post 2.12 EPS for the current year.

Insider Transactions at Axon Enterprise

In other news, CEO Patrick W. Smith sold 10,000 shares of Axon Enterprise stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $508.99, for a total transaction of $5,089,900.00. Following the completion of the sale, the chief executive officer owned 3,118,012 shares in the company, valued at $1,587,036,927.88. The trade was a 0.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Isaiah Fields sold 1,017 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $480.45, for a total transaction of $488,617.65. Following the sale, the insider directly owned 56,264 shares of the company’s stock, valued at approximately $27,032,038.80. This trade represents a 1.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 47,397 shares of company stock valued at $26,722,984. 4.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AXON. TD Cowen reissued a “buy” rating on shares of Axon Enterprise in a research note on Wednesday, July 22nd. Citizens Jmp restated a “market outperform” rating and issued a $700.00 target price on shares of Axon Enterprise in a research note on Thursday, June 25th. Barclays lifted their price target on Axon Enterprise from $523.00 to $688.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Needham & Company LLC reissued a “buy” rating on shares of Axon Enterprise in a report on Wednesday, September 2nd. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $715.00 price objective on shares of Axon Enterprise in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $721.57.

Axon Enterprise Profile

Axon Enterprise, Inc develops technology and connected systems for public safety and law enforcement agencies. Its product portfolio includes TASER conducted energy weapons, body-worn cameras, in-car cameras and other recording devices designed to support safer interactions, improve accountability and document incidents.

The company also provides cloud-based software for managing digital evidence, reports, records and agency operations. Its Axon platform connects hardware with services such as evidence management, real-time operations, computer-aided dispatch and other workflow tools, enabling agencies to store, organize and share information across their organizations.

Founded in 1993 as AIR TASER by Rick Smith and Tom Smith, the company later operated as TASER International before adopting the name Axon Enterprise in 2017.