Allworth Financial LP Purchases New Stake in Axon Enterprise, Inc $AXON

Allworth Financial LP acquired a new position in Axon Enterprise, Inc (NASDAQ:AXON - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,211 shares of the biotechnology company's stock, valued at approximately $3,482,000.

A number of other large investors also recently added to or reduced their stakes in the business. B. Metzler seel. Sohn & Co. AG acquired a new position in Axon Enterprise during the second quarter valued at approximately $3,854,000. Silvant Capital Management LLC bought a new position in Axon Enterprise during the second quarter worth about $12,000,000. LaSalle St. Investment Advisors LLC acquired a new position in Axon Enterprise in the second quarter valued at about $602,000. Sycale Advisors NY LLC acquired a new position in shares of Axon Enterprise in the 2nd quarter valued at approximately $10,875,000. Finally, Advisors Capital Management LLC bought a new position in Axon Enterprise in the second quarter valued at approximately $225,000. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Axon Enterprise Stock Up 2.2%

NASDAQ AXON opened at $627.75 on Friday. The business has a fifty day moving average price of $543.11 and a two-hundred day moving average price of $476.87. The stock has a market capitalization of $51.00 billion, a PE ratio of 260.48, a PEG ratio of 9.97 and a beta of 1.39. Axon Enterprise, Inc has a fifty-two week low of $339.01 and a fifty-two week high of $794.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.15 and a quick ratio of 1.80.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. 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 during the quarter, compared to analysts' expectations of $876.42 million. Axon Enterprise had a return on equity of 2.84% and a net margin of 6.19%.Axon Enterprise's revenue was up 35.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.12 EPS. Equities analysts expect that Axon Enterprise, Inc will post 2.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AXON shares. Royal Bank Of Canada restated an "outperform" rating on shares of Axon Enterprise in a report on Tuesday, July 21st. Piper Sandler raised their price target on shares of Axon Enterprise from $724.00 to $732.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Barclays lifted their price objective on shares of Axon Enterprise from $523.00 to $688.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. TD Cowen reissued a "buy" rating on shares of Axon Enterprise in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group restated a "buy" rating and set a $715.00 price objective on shares of Axon Enterprise in a research note on Thursday, August 6th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $730.92.

Insider Activity at Axon Enterprise

In other news, Director Jeri Williams sold 629 shares of the business's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $469.64, for a total value of $295,403.56. Following the transaction, the director directly owned 1,141 shares of the company's stock, valued at $535,859.24. The trade was a 35.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Patrick W. Smith sold 20,000 shares of the company's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $500.00, for a total value of $10,000,000.00. Following the sale, the chief executive officer owned 3,060,997 shares in the company, valued at approximately $1,530,498,500. The trade was a 0.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 over the last ninety days. Insiders own 4.20% of the company's stock.

Axon Enterprise Company Profile

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.

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