4D Advisors LLC Buys 1,000 Shares of Axon Enterprise, Inc $AXON

Key Points

• 4D Advisors LLC increased its stake in Axon Enterprise by 6.7%, purchasing an additional 1,000 shares to bring its total ownership to 16,000 shares, valued at approximately $8.42 million.
• Several other institutional investors have also recently increased their positions in Axon, with 79.08% of the company's stock now held by institutional investors and hedge funds.
• Analysts have set new price targets for Axon, with an average consensus target of $837.69, indicating positive sentiment towards the company's performance.

4D Advisors LLC boosted its stake in shares of Axon Enterprise, Inc (NASDAQ:AXON - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,000 shares of the biotechnology company's stock after buying an additional 1,000 shares during the period. Axon Enterprise comprises 6.5% of 4D Advisors LLC's investment portfolio, making the stock its 2nd largest holding. 4D Advisors LLC's holdings in Axon Enterprise were worth $8,415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AXON. Brighton Jones LLC acquired a new stake in Axon Enterprise during the 4th quarter worth about $480,000. AQR Capital Management LLC increased its holdings in shares of Axon Enterprise by 382.2% in the 4th quarter. AQR Capital Management LLC now owns 23,363 shares of the biotechnology company's stock valued at $13,885,000 after purchasing an additional 18,518 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of Axon Enterprise by 19.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,448 shares of the biotechnology company's stock valued at $3,238,000 after purchasing an additional 889 shares during the period. Aptus Capital Advisors LLC acquired a new position in shares of Axon Enterprise in the 4th quarter valued at about $445,000. Finally, Baker Avenue Asset Management LP acquired a new position in shares of Axon Enterprise in the 4th quarter valued at about $255,000. Institutional investors and hedge funds own 79.08% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AXON. UBS Group reiterated a "neutral" rating and issued a $840.00 target price (up previously from $820.00) on shares of Axon Enterprise in a report on Tuesday, August 5th. JMP Securities upped their target price on Axon Enterprise from $725.00 to $825.00 and gave the company a "market outperform" rating in a report on Tuesday, July 22nd. Northland Securities set a $800.00 target price on Axon Enterprise in a report on Tuesday, August 5th. JPMorgan Chase & Co. upped their target price on Axon Enterprise from $730.00 to $850.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Finally, Wolfe Research began coverage on Axon Enterprise in a report on Monday, July 7th. They issued an "outperform" rating on the stock. Thirteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Axon Enterprise currently has an average rating of "Moderate Buy" and a consensus price target of $837.69.

Axon Enterprise Trading Down 4.4%

NASDAQ:AXON opened at $747.29 on Tuesday. The stock's 50 day moving average price is $771.42 and its 200 day moving average price is $677.75. Axon Enterprise, Inc has a 52 week low of $346.71 and a 52 week high of $885.91. The company has a market capitalization of $58.66 billion, a P/E ratio of 184.52, a P/E/G ratio of 27.43 and a beta of 1.40. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.71 and a current ratio of 2.95.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The biotechnology company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.58. Axon Enterprise had a return on equity of 6.80% and a net margin of 13.64%.The firm had revenue of $668.54 million for the quarter, compared to the consensus estimate of $641.77 million. During the same quarter in the prior year, the company posted $1.20 earnings per share. The firm's revenue was up 32.6% on a year-over-year basis. Axon Enterprise has set its FY 2025 guidance at EPS. On average, research analysts forecast that Axon Enterprise, Inc will post 5.8 EPS for the current fiscal year.

Insider Activity

In other Axon Enterprise news, CAO Jennifer H. Mak sold 75 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $771.81, for a total transaction of $57,885.75. Following the completion of the sale, the chief accounting officer owned 15,240 shares of the company's stock, valued at $11,762,384.40. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick W. Smith sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $831.29, for a total value of $8,312,900.00. Following the sale, the chief executive officer directly owned 3,053,982 shares of the company's stock, valued at $2,538,744,696.78. The trade was a 0.33% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,703 shares of company stock valued at $31,366,051. Insiders own 5.70% of the company's stock.

Axon Enterprise Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.