Dynamic Advisor Solutions LLC Has $4.56 Million Stake in Axon Enterprise, Inc $AXON

Key Points

• Dynamic Advisor Solutions LLC increased its holdings in Axon Enterprise by 76.7% during the second quarter, bringing their total shares to 5,511, valued at about $4.56 million.
• Axon Enterprise reported a strong quarterly earnings result, with earnings per share of $2.12, surpassing analysts' expectations by $0.58, and revenues increased by 32.6% year-over-year.
• Several analysts have set new price targets for Axon shares, with Bank of America raising its target to $1,000, reflecting a generally positive outlook and a strong buy sentiment among analysts.

Dynamic Advisor Solutions LLC increased its holdings in shares of Axon Enterprise, Inc (NASDAQ:AXON - Free Report) by 76.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,511 shares of the biotechnology company's stock after buying an additional 2,393 shares during the period. Dynamic Advisor Solutions LLC's holdings in Axon Enterprise were worth $4,563,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. TCTC Holdings LLC grew its holdings in Axon Enterprise by 75.0% during the 1st quarter. TCTC Holdings LLC now owns 56 shares of the biotechnology company's stock worth $29,000 after acquiring an additional 24 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in Axon Enterprise during the 4th quarter worth approximately $30,000. Bartlett & CO. Wealth Management LLC grew its holdings in Axon Enterprise by 132.0% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 58 shares of the biotechnology company's stock worth $31,000 after acquiring an additional 33 shares in the last quarter. Banque Transatlantique SA acquired a new position in Axon Enterprise during the 1st quarter worth approximately $31,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Axon Enterprise during the 1st quarter worth approximately $32,000. 79.08% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Axon Enterprise

In other news, insider Jeffrey C. Kunins sold 7,891 shares of Axon Enterprise stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $750.10, for a total transaction of $5,919,039.10. Following the sale, the insider owned 144,538 shares in the company, valued at $108,417,953.80. This trade represents a 5.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Joshua Isner sold 15,919 shares of Axon Enterprise stock in a transaction on Friday, August 15th. The stock was sold at an average price of $746.26, for a total transaction of $11,879,712.94. Following the completion of the sale, the president owned 238,379 shares of the company's stock, valued at approximately $177,892,712.54. This trade represents a 6.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,932 shares of company stock valued at $34,408,816 in the last three months. 4.40% of the stock is owned by company insiders.

Axon Enterprise Price Performance

NASDAQ AXON traded up $8.06 during trading hours on Friday, reaching $774.53. The company's stock had a trading volume of 1,738,952 shares, compared to its average volume of 424,076. The stock has a market cap of $60.80 billion, a PE ratio of 191.24, a PEG ratio of 28.43 and a beta of 1.40. Axon Enterprise, Inc has a fifty-two week low of $387.06 and a fifty-two week high of $885.91. The company's 50-day moving average is $759.97 and its two-hundred day moving average is $695.31. 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 results on Monday, August 4th. The biotechnology company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.58. Axon Enterprise had a net margin of 13.64% and a return on equity of 6.80%. The company had revenue of $668.54 million for the quarter, compared to analysts' expectations of $641.77 million. During the same period last year, the company earned $1.20 EPS. The firm's revenue for the quarter was up 32.6% compared to the same quarter last year. Axon Enterprise has set its FY 2025 guidance at EPS. Analysts forecast that Axon Enterprise, Inc will post 5.8 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JMP Securities boosted their price target on shares of Axon Enterprise from $725.00 to $825.00 and gave the stock a "market outperform" rating in a report on Tuesday, July 22nd. Craig Hallum upgraded shares of Axon Enterprise from a "hold" rating to a "buy" rating and set a $900.00 price target for the company in a report on Tuesday, August 5th. Northland Securities set a $800.00 price target on shares of Axon Enterprise in a report on Tuesday, August 5th. JPMorgan Chase & Co. upped their target price on shares of Axon Enterprise from $730.00 to $850.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Finally, Needham & Company LLC set a $870.00 target price on shares of Axon Enterprise and gave the company a "buy" rating in a report on Tuesday, August 5th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Axon Enterprise presently has a consensus rating of "Moderate Buy" and a consensus target price of $837.69.

Axon Enterprise Company 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.