Telemark Asset Management LLC Has $11.36 Million Stock Holdings in Axon Enterprise, Inc $AXON

Telemark Asset Management LLC cut its stake in shares of Axon Enterprise, Inc (NASDAQ:AXON) by 33.3% during the fourth quarter, Holdings Channel reports. The firm owned 20,000 shares of the biotechnology company’s stock after selling 10,000 shares during the quarter. Telemark Asset Management LLC’s holdings in Axon Enterprise were worth $11,359,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Creative Financial Designs Inc. ADV acquired a new stake in shares of Axon Enterprise during the fourth quarter worth $28,000. New Millennium Group LLC acquired a new stake in shares of Axon Enterprise during the third quarter worth $29,000. Sound Income Strategies LLC raised its position in shares of Axon Enterprise by 550.0% during the fourth 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 shares of Axon Enterprise during the fourth quarter worth $30,000. Finally, Lodestone Wealth Management LLC acquired a new stake in shares of Axon Enterprise during the fourth quarter worth $35,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Axon Enterprise

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

• Positive Sentiment: Axon’s real-time translation technology was rolled out at the Calgary Police Service, a reminder that the company continues to win new public-safety deployments and expand its international footprint. Axon real-time translation rolls out at Calgary Police Service in Canadian debut
• Positive Sentiment: Recent earnings momentum remains a support for the stock, with Axon trading well above its post-earnings level and analysts still watching for continued growth after another strong quarterly report. Axon (AXON) Up 20.2% Since Last Earnings Report: Can It Continue?
• Neutral Sentiment: Analyst commentary on Axon was included in a broader industrial-goods roundup, but the headline did not indicate a major new catalyst for the stock. Analysts Offer Insights on Industrial Goods Companies: United Rentals (URI), ArcBest (ARCB) and Axon Enterprise (AXON)
• Neutral Sentiment: Insider-trading coverage highlighted recent Axon insider activity, which can attract attention but does not by itself confirm a change in fundamentals. Diamondback, Seagate, ZIM, Credo, Axon Insider Shakeup
• Negative Sentiment: Jim Cramer said Axon trades at a very high earnings multiple, reinforcing investor concerns that the stock’s valuation may be stretched. Jim Cramer on Axon: “It Sells at a Very High Price to Earnings Multiple”
• Negative Sentiment: Motorola’s $1.5 billion D-Fend acquisition revived competition concerns in public safety technology, potentially increasing pressure on Axon’s market share and long-term growth narrative. Motorola’s $1.5 Billion D-Fend Acquisition Reignites Its Direct Competition with Axon Enterprises

Axon Enterprise Stock Performance

Shares of AXON stock opened at $486.12 on Friday. Axon Enterprise, Inc has a 1-year low of $339.01 and a 1-year high of $885.91. The company has a current ratio of 2.27, a quick ratio of 1.93 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $39.18 billion, a price-to-earnings ratio of 195.23, a P/E/G ratio of 8.84 and a beta of 1.45. The stock’s fifty day simple moving average is $408.04 and its 200-day simple moving average is $491.92.

Axon Enterprise (NASDAQ:AXON) last issued its quarterly earnings results on Wednesday, May 6th. The biotechnology company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.01. Axon Enterprise had a return on equity of 3.78% and a net margin of 6.90%.The business had revenue of $807.35 million for the quarter, compared to the consensus estimate of $778.91 million. During the same quarter in the previous year, the company posted $1.47 earnings per share. Axon Enterprise’s revenue for the quarter was up 33.7% compared to the same quarter last year. On average, sell-side analysts predict that Axon Enterprise, Inc will post 1.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Isaiah Fields sold 2,000 shares of Axon Enterprise stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $400.00, for a total transaction of $800,000.00. Following the transaction, the insider owned 52,813 shares in the company, valued at approximately $21,125,200. The trade was a 3.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeri Williams sold 629 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $469.64, for a total value of $295,403.56. Following the completion of the transaction, the director owned 1,141 shares in the company, valued at $535,859.24. This trade represents a 35.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 3,548 shares of company stock worth $1,542,775. 4.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AXON has been the topic of a number of recent analyst reports. Barclays cut their target price on Axon Enterprise from $682.00 to $523.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Wall Street Zen raised Axon Enterprise from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings raised Axon Enterprise from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Craig Hallum reiterated a “buy” rating and set a $820.00 price target on shares of Axon Enterprise in a report on Wednesday, February 25th. Finally, Citizens Jmp lowered their price target on Axon Enterprise from $825.00 to $700.00 and set a “market outperform” rating on the stock in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $712.75.

Axon Enterprise 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.