International Assets Investment Management LLC Buys 38,986 Shares of Axon Enterprise, Inc $AXON

International Assets Investment Management LLC grew its stake in Axon Enterprise, Inc (NASDAQ:AXON) by 3,844.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,000 shares of the biotechnology company’s stock after buying an additional 38,986 shares during the period. International Assets Investment Management LLC’s holdings in Axon Enterprise were worth $16,901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Soltis Investment Advisors LLC bought a new stake in shares of Axon Enterprise during the 3rd quarter worth $248,000. China Universal Asset Management Co. Ltd. increased its stake in Axon Enterprise by 12.8% in the third quarter. China Universal Asset Management Co. Ltd. now owns 2,737 shares of the biotechnology company’s stock valued at $1,148,000 after acquiring an additional 310 shares during the last quarter. D.A. Davidson & CO. increased its stake in Axon Enterprise by 10.0% in the third quarter. D.A. Davidson & CO. now owns 17,763 shares of the biotechnology company’s stock valued at $7,505,000 after acquiring an additional 1,619 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its position in Axon Enterprise by 7.8% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 361 shares of the biotechnology company’s stock valued at $153,000 after purchasing an additional 26 shares in the last quarter. Finally, North Dakota State Investment Board raised its position in Axon Enterprise by 5.2% during the third quarter. North Dakota State Investment Board now owns 2,366 shares of the biotechnology company’s stock valued at $1,000,000 after purchasing an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Axon Enterprise News Roundup

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

• Positive Sentiment: An analyst opinion upgraded Axon Enterprise to “Buy,” arguing that the company’s valuation premium has narrowed and that its integrated public-safety hardware and cloud-software ecosystem continues to support strong growth. Axon Enterprise: Upgrading To Buy As The Premium Fades
• Positive Sentiment: Recent comparisons with DocuSign, Adobe and Datadog highlighted Axon’s rapid expansion in public safety and its combination of connected devices, software and recurring services. Other coverage also raised the possibility of substantial long-term upside, though these articles were opinion-based rather than new company announcements. Can Axon Stock Jump 50?
• Neutral Sentiment: Investment comparisons positioned Axon as a high-growth public-safety technology company, but offered no new financial results, contracts or guidance that would immediately change earnings expectations. Axon Enterprise vs. DocuSign
• Negative Sentiment: Investors may be reducing exposure before earnings because Zacks said Axon does not appear to have the usual combination of factors supporting a likely earnings beat. That raises the risk of volatility if results or guidance fall short of expectations. Axon Reports Next Week
• Negative Sentiment: Concerns remain that employee share-based compensation taxes are consuming cash despite strong growth, while the stock’s premium valuation leaves limited room for execution errors. Strong Growth, But Staff Share Taxes Eat The Cash
• Negative Sentiment: Axon’s larger decline than the broader market indicates near-term selling pressure, likely reflecting profit-taking and pre-earnings caution rather than a newly announced operational setback. Axon Registers a Bigger Fall Than the Market

Axon Enterprise Price Performance

Shares of Axon Enterprise stock opened at $427.77 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.15. Axon Enterprise, Inc has a 52-week low of $339.01 and a 52-week high of $749.96. The company has a fifty day moving average of $463.44 and a 200-day moving average of $481.21. The stock has a market capitalization of $34.75 billion, a price-to-earnings ratio of 177.50, a price-to-earnings-growth ratio of 8.13 and a beta of 1.44.

Axon Enterprise (NASDAQ:AXON) last issued its earnings results on Wednesday, August 5th. The biotechnology company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.04. The company had revenue of $904.39 million for the quarter, compared to analysts’ expectations of $876.42 million. Axon Enterprise had a net margin of 6.19% and a return on equity of 2.84%. The firm’s revenue was up 35.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.12 EPS. Equities research analysts expect that Axon Enterprise, Inc will post 2.10 EPS for the current year.

Insider Buying and Selling at Axon Enterprise

In other news, CEO Patrick W. Smith sold 10,000 shares of Axon Enterprise stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $508.99, for a total value of $5,089,900.00. Following the transaction, the chief executive officer owned 3,118,012 shares in the company, valued at approximately $1,587,036,927.88. The trade was a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Joshua Isner sold 16,775 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $574.43, for a total value of $9,636,063.25. Following the completion of the sale, the president directly owned 296,974 shares of the company’s stock, valued at approximately $170,590,774.82. This trade represents a 5.35% 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. In the last ninety days, insiders have sold 47,397 shares of company stock valued at $26,722,984. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AXON shares. TD Cowen dropped their price target on Axon Enterprise from $825.00 to $800.00 and set a “buy” rating for the company in a research note on Monday, October 26th. Barclays increased their price objective on Axon Enterprise from $523.00 to $688.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Needham & Company LLC reissued a “buy” rating on shares of Axon Enterprise in a report on Tuesday. Raymond James Financial set a $675.00 price objective on Axon Enterprise in a report on Thursday, October 15th. Finally, Citigroup restated a “market outperform” rating on shares of Axon Enterprise in a research report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Axon Enterprise currently has a consensus rating of “Moderate Buy” and an average price target of $688.38.

Axon Enterprise Company Profile

Axon Enterprise, Inc develops technology and connected products for public safety organizations. The company’s portfolio includes TASER conducted-energy weapons, body-worn cameras, in-car cameras, and related hardware designed to support law enforcement, corrections, security, and other emergency-response professionals.

Axon also provides cloud-based software for managing digital evidence, records, workflows, real-time operations, investigations, and communications. Its platform is intended to connect hardware, software, and services across the public-safety ecosystem, helping agencies collect, store, analyze, and share operational information.

The company was founded in 1993 as TASER International by Rick Smith and Tom Smith and adopted the name Axon Enterprise in 2017 as it expanded beyond conducted-energy weapons into a broader technology platform.