Axon Enterprise, Inc $AXON Stock: Cornerstone Wealth Management LLC Increases Stake

Cornerstone Wealth Management LLC boosted its holdings in Axon Enterprise, Inc (NASDAQ:AXON) by 7,632.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 57,454 shares of the biotechnology company’s stock after acquiring an additional 56,711 shares during the quarter. Axon Enterprise makes up approximately 1.0% of Cornerstone Wealth Management LLC’s holdings, making the stock its 13th biggest holding. Cornerstone Wealth Management LLC’s holdings in Axon Enterprise were worth $24,275,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Keating Financial Advisory Services Inc. acquired a new stake in shares of Axon Enterprise in the 2nd quarter valued at approximately $31,000. Washington Trust Advisors Inc. grew its holdings in shares of Axon Enterprise by 1,300.0% during the 2nd quarter. Washington Trust Advisors Inc. now owns 70 shares of the biotechnology company’s stock valued at $39,000 after purchasing an additional 65 shares during the last quarter. M & L Capital Management Ltd acquired a new position in Axon Enterprise during the 3rd quarter worth approximately $30,000. Wealth Enhancement Trust Services Inc. acquired a new position in Axon Enterprise during the 3rd quarter worth approximately $33,000. Finally, Delos Wealth Advisors LLC acquired a new position in Axon Enterprise during the 2nd quarter worth approximately $45,000. Institutional investors own 79.08% of the company’s stock.

Key Axon Enterprise News

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

• Positive Sentiment: Axon is investing $1.2 billion for a 37% stake in drone maker Skydio and will become its U.S. public-safety distributor. The deal could broaden Axon’s public-safety technology offering, though its scale also brings investment and execution risks. Axon invests in Skydio
• Positive Sentiment: West Fargo police plan to replace Flock technology with Axon’s system, including new AI features—an example of continued adoption by public-safety customers. West Fargo police adoption
• Positive Sentiment: Despite lowering its price target, Barclays retained an “overweight” rating at $507; Northland reportedly still sees a $540 target after the stock’s steep fall from its August high. These views suggest some analysts see substantial recovery potential, though targets are not guarantees. Northland target outlook
• Neutral Sentiment: A short-interest report lists 0 shares short, despite describing a large increase. The figure appears inconsistent and does not provide a reliable indication of short-selling pressure.
• Negative Sentiment: Axon’s third-quarter adjusted EPS of $1.72 and revenue of about $909 million fell short of estimates. Cautious guidance and roughly $130 million in federal-contract revenue shifting out of 2026 have weighed on the outlook; shares have fallen sharply since the results, while Motorola rose after its earnings beat. Axon versus Motorola after earnings
• Negative Sentiment: Law firms announced investigations into potential securities-law violations. These are allegations under investigation, not findings of wrongdoing, but may add legal and reputational uncertainty for investors. Axon securities investigation notice

Insider Buying and Selling at Axon Enterprise

In other news, President Joshua Isner sold 16,775 shares of Axon Enterprise stock in a transaction on Monday, August 31st. The shares were sold at an average price of $574.43, for a total transaction of $9,636,063.25. Following the transaction, the president owned 296,974 shares in the company, valued at approximately $170,590,774.82. The trade was a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Patrick W. Smith sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was 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 directly owned 3,118,012 shares in the company, valued at approximately $1,587,036,927.88. This represents a 0.32% 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 quarter, insiders have sold 37,397 shares of company stock valued at $21,234,034. Insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on AXON shares. Needham & Company LLC cut their target price 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, November 6th. Northcoast Research upped their price target on shares of Axon Enterprise from $650.00 to $680.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Piper Sandler reiterated an “overweight” rating and set a $540.00 price target (down from $561.00) on shares of Axon Enterprise in a report on Friday, November 6th. Morgan Stanley increased their price target on Axon Enterprise from $600.00 to $640.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. cut their price objective on Axon Enterprise from $755.00 to $610.00 and set an “overweight” rating on the stock in a report on Friday, November 6th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $612.18.

Axon Enterprise Stock Performance

NASDAQ:AXON opened at $302.54 on Wednesday. The stock’s 50-day moving average is $430.30 and its 200-day moving average is $472.14. Axon Enterprise, Inc has a 1-year low of $291.45 and a 1-year high of $665.07. The company has a current ratio of 3.00, a quick ratio of 2.60 and a debt-to-equity ratio of 0.76. The stock has a market cap of $24.64 billion, a P/E ratio of 96.97, a price-to-earnings-growth ratio of 5.76 and a beta of 1.48.

Axon Enterprise (NASDAQ:AXON) last issued its quarterly earnings data 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). Axon Enterprise had a net margin of 7.56% and a return on equity of 3.87%. The business had revenue of $908.55 million during the quarter, compared to the consensus estimate of $934.33 million. During the same quarter last year, the business earned $1.17 EPS. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. Equities research analysts anticipate that Axon Enterprise, Inc will post 2.10 earnings per share for the current year.

Axon Enterprise 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.