Capital Investment Services of America Inc. Purchases 1,605 Shares of Axon Enterprise, Inc $AXON

Capital Investment Services of America Inc. grew its holdings in shares of Axon Enterprise, Inc (NASDAQ:AXON) by 184.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,477 shares of the biotechnology company’s stock after purchasing an additional 1,605 shares during the quarter. Capital Investment Services of America Inc.’s holdings in Axon Enterprise were worth $1,407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AXON. Stone House Investment Management LLC purchased a new position in shares of Axon Enterprise during the 3rd quarter worth $29,000. New Millennium Group LLC bought a new stake in shares of Axon Enterprise during the 3rd quarter valued at $29,000. Sound Income Strategies LLC increased its stake in shares of Axon Enterprise by 550.0% in 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 in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Axon Enterprise in the 3rd quarter worth $34,000. Finally, Lodestone Wealth Management LLC bought a new position in Axon Enterprise in the 4th quarter worth $35,000. Institutional investors own 79.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AXON. Wall Street Zen upgraded Axon Enterprise from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Piper Sandler lowered their price objective on Axon Enterprise from $753.00 to $690.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Needham & Company LLC reduced their target price on shares of Axon Enterprise from $870.00 to $600.00 and set a “buy” rating for the company in a report on Friday, February 20th. Craig Hallum reaffirmed a “buy” rating and set a $820.00 price target on shares of Axon Enterprise in a report on Wednesday, February 25th. Finally, Robert W. Baird set a $800.00 price objective on shares of Axon Enterprise in a research report on Wednesday, February 25th. Sixteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Axon Enterprise currently has an average rating of “Moderate Buy” and an average price target of $749.63.

Axon Enterprise Stock Up 1.1%

NASDAQ AXON opened at $397.12 on Friday. The stock has a 50 day moving average price of $456.49 and a 200-day moving average price of $543.01. Axon Enterprise, Inc has a one year low of $339.01 and a one year high of $885.91. The company has a market capitalization of $32.00 billion, a P/E ratio of 261.26, a P/E/G ratio of 8.38 and a beta of 1.61. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.29 and a current ratio of 2.53.

Axon Enterprise (NASDAQ:AXON) last released its quarterly earnings results on Tuesday, February 24th. The biotechnology company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.55. Axon Enterprise had a net margin of 4.48% and a return on equity of 2.82%. The company had revenue of $796.72 million for the quarter, compared to the consensus estimate of $755.29 million. During the same quarter in the prior year, the firm earned $2.08 earnings per share. Axon Enterprise’s revenue was up 38.5% on a year-over-year basis. As a group, equities analysts predict that Axon Enterprise, Inc will post 1.41 EPS for the current fiscal year.

Insider Transactions at Axon Enterprise

In other news, CAO Jennifer H. Mak sold 1,500 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $573.45, for a total transaction of $860,175.00. Following the sale, the chief accounting officer directly owned 12,240 shares in the company, valued at approximately $7,019,028. This represents a 10.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Isaiah Fields sold 2,000 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $535.01, for a total transaction of $1,070,020.00. Following the completion of the transaction, the insider directly owned 55,588 shares of the company’s stock, valued at approximately $29,740,135.88. The trade was a 3.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 13,855 shares of company stock worth $7,109,828. 4.40% of the stock is currently owned by corporate insiders.

Axon Enterprise Company Profile

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.