49,668 Axon Enterprise, Inc $AXON Shares Acquired by Brighton Jones LLC

Brighton Jones LLC increased its holdings in Axon Enterprise, Inc (NASDAQ:AXON) by 5,073.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 50,647 shares of the biotechnology company’s stock after purchasing an additional 49,668 shares during the quarter. Brighton Jones LLC’s holdings in Axon Enterprise were worth $21,399,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AXON. Keating Financial Advisory Services Inc. purchased a new position in Axon Enterprise during the 2nd quarter valued at about $31,000. Washington Trust Advisors Inc. raised its position in Axon Enterprise by 1,300.0% during the second quarter. Washington Trust Advisors Inc. now owns 70 shares of the biotechnology company’s stock worth $39,000 after acquiring an additional 65 shares during the last quarter. M & L Capital Management Ltd acquired a new position in Axon Enterprise during the third quarter worth about $30,000. Wealth Enhancement Trust Services Inc. purchased a new stake in shares of Axon Enterprise in the third quarter valued at about $33,000. Finally, Delos Wealth Advisors LLC purchased a new stake in shares of Axon Enterprise in the second quarter valued at about $45,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Axon Enterprise

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

• Positive Sentiment: Q3 revenue reached a record $909 million, up 28% year over year, while software and services revenue rose 43%. Axon also reported AI annual recurring revenue above $100 million, signaling continued demand for its software and AI offerings. Axon Q3 results
• Neutral Sentiment: Axon committed an additional $1.2 billion to drone maker Skydio, bringing its stake to 37% and making it Skydio’s exclusive public-safety distributor in the U.S. and Canada. The move could expand Axon’s Drone as First Responder business, but its scale also raises investment and execution risks. Reuters: Axon invests in Skydio
• Negative Sentiment: Q3 adjusted earnings of $1.72 per share and revenue of $908.55 million fell short of analyst expectations. Axon’s 2026 revenue forecast was reduced to $3.6 billion from a consensus of about $3.7 billion; its Q4 revenue guidance also came in below estimates. The company cited delays in federal counter-drone projects, while margin pressure added to concerns. Zacks: Q3 miss and outlook
• Negative Sentiment: Several analysts lowered price targets after the results, and Craig Hallum downgraded AXON from Buy to Hold, adding to pressure on investor sentiment. Benzinga: analyst forecast changes
• Negative Sentiment: A class-action lawsuit over Axon’s license-plate surveillance practices is a potential additional legal and reputational overhang. Class-action announcement

Axon Enterprise Trading Down 18.2%

Axon Enterprise stock opened at $313.00 on Friday. The stock has a market cap of $25.43 billion, a PE ratio of 100.32, a P/E/G ratio of 5.95 and a beta of 1.48. The stock has a 50-day moving average price of $441.53 and a 200 day moving average price of $475.20. Axon Enterprise, Inc has a 52 week low of $307.00 and a 52 week high of $665.07. The company has a current ratio of 2.15, a quick ratio of 1.80 and a debt-to-equity ratio of 0.47.

Axon Enterprise (NASDAQ:AXON) last released its earnings results on Thursday, November 5th. The biotechnology company reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.17). The firm had revenue of $908.55 million during the quarter, compared to analysts’ expectations of $934.33 million. Axon Enterprise had a net margin of 7.56% and a return on equity of 3.95%. Axon Enterprise’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter last year, the company posted $1.17 earnings per share. Equities research analysts predict that Axon Enterprise, Inc will post 2.10 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on AXON. Needham & Company LLC lowered their price target on shares of Axon Enterprise from $750.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday. Royal Bank Of Canada cut their price objective on Axon Enterprise from $735.00 to $615.00 and set an “outperform” rating for the company in a research report on Friday. Argus upped their target price on Axon Enterprise from $460.00 to $600.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. TD Cowen reduced their target price on Axon Enterprise from $825.00 to $800.00 and set a “buy” rating on the stock in a research note on Monday, October 26th. Finally, Northcoast Research increased their target price on Axon Enterprise from $650.00 to $680.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $631.35.

Insider Activity

In other news, insider Isaiah Fields sold 1,017 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $480.45, for a total value of $488,617.65. Following the completion of the transaction, the insider owned 56,264 shares of the company’s stock, valued at $27,032,038.80. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey C. Kunins sold 9,605 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $626.70, for a total transaction of $6,019,453.50. Following the transaction, the insider directly owned 97,761 shares in the company, valued at $61,266,818.70. The trade was a 8.95% 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. In the last ninety days, insiders have sold 37,397 shares of company stock valued at $21,234,034. 4.20% of the stock is owned by corporate insiders.

Axon Enterprise Company Profile

Axon Enterprise develops technology and services for public safety agencies. Its products include TASER conducted-energy weapons, body-worn and in-car cameras, and related hardware designed to support law enforcement and other safety professionals.

The company also provides cloud-based software for managing digital evidence, records and operational workflows. Its Axon Evidence platform helps agencies store, organize and share video and other evidence, while its broader software offerings include tools for dispatch and records management.

Founded in 1993 as TASER International, the company adopted the name Axon Enterprise in 2017 as it expanded beyond conducted-energy weapons into connected devices and software.