2,242 Shares in Axon Enterprise, Inc $AXON Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new stake in Axon Enterprise, Inc (NASDAQ:AXON) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,242 shares of the biotechnology company’s stock, valued at approximately $1,257,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AXON. Korea Investment CORP purchased a new position in shares of Axon Enterprise during the 2nd quarter valued at about $21,562,000. Rakuten Securities Inc. acquired a new stake in Axon Enterprise during the second quarter worth about $247,000. Ieq Capital LLC purchased a new stake in Axon Enterprise in the 2nd quarter worth approximately $368,000. Callan Family Office LLC purchased a new stake in Axon Enterprise in the 2nd quarter worth approximately $1,298,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of Axon Enterprise during the 2nd quarter worth approximately $31,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Axon Enterprise Price Performance

AXON opened at $627.75 on Monday. The company has a market cap of $51.00 billion, a PE ratio of 260.48, a price-to-earnings-growth ratio of 10.19 and a beta of 1.39. Axon Enterprise, Inc has a twelve month low of $339.01 and a twelve month high of $794.29. The company has a 50-day moving average price of $543.11 and a 200 day moving average price of $476.99. The company has a quick ratio of 1.80, a current ratio of 2.15 and a debt-to-equity ratio of 0.47.

Axon Enterprise (NASDAQ:AXON) last posted its quarterly earnings data on Tuesday, August 4th. The biotechnology company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $876.42 million. During the same period in the previous year, the firm posted $2.12 EPS. Axon Enterprise’s revenue was up 35.3% compared to the same quarter last year. Sell-side analysts expect that Axon Enterprise, Inc will post 2.04 earnings per share for the current fiscal year.

Insider Activity

In related news, President Joshua Isner sold 13,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $488.45, for a total value of $6,349,850.00. Following the completion of the transaction, the president directly owned 169,125 shares of the company’s stock, valued at approximately $82,609,106.25. This represents a 7.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick W. Smith sold 9,930 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $548.77, for a total value of $5,449,286.10. Following the completion of the transaction, the chief executive officer owned 3,031,067 shares in the company, valued at $1,663,358,637.59. The trade was a 0.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 66,989 shares of company stock valued at $35,216,932 in the last three months. Company insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on AXON. Barclays boosted their target price on shares of Axon Enterprise from $523.00 to $688.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Axon Enterprise in a research note on Wednesday, August 5th. The Goldman Sachs Group restated a “buy” rating and set a $715.00 target price on shares of Axon Enterprise in a research report on Thursday, August 6th. Zacks Research cut Axon Enterprise from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Finally, TD Cowen reiterated a “buy” rating on shares of Axon Enterprise in a research report on Wednesday, July 22nd. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $730.92.

About Axon Enterprise

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.