Axon Enterprise, Inc $AXON Shares Bought by Segment Wealth Management LLC

Key Points

• Segment Wealth Management LLC increased its holdings in Axon Enterprise by 11% during Q2, owning 4,070 shares valued at approximately $3.37 million.
• Insider selling was noted with Director Jeri Williams and CFO Brittany Bagley selling shares, leading to a decrease in their ownership positions.
• Axon Enterprise reported Q2 earnings of $2.12 per share, exceeding estimates of $1.54, with a 32.6% year-over-year increase in revenue to $668.54 million.

Segment Wealth Management LLC raised its holdings in Axon Enterprise, Inc (NASDAQ:AXON - Free Report) by 11.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,070 shares of the biotechnology company's stock after buying an additional 404 shares during the period. Segment Wealth Management LLC's holdings in Axon Enterprise were worth $3,370,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AXON. TCTC Holdings LLC raised its stake in Axon Enterprise by 75.0% in the first quarter. TCTC Holdings LLC now owns 56 shares of the biotechnology company's stock valued at $29,000 after buying an additional 24 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its position in shares of Axon Enterprise by 132.0% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 58 shares of the biotechnology company's stock worth $31,000 after purchasing an additional 33 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of Axon Enterprise during the first quarter worth about $31,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Axon Enterprise during the first quarter worth about $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Axon Enterprise during the first quarter worth about $33,000. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Axon Enterprise news, Director Jeri Williams sold 100 shares of Axon Enterprise stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $752.54, for a total value of $75,254.00. Following the sale, the director owned 1,416 shares of the company's stock, valued at approximately $1,065,596.64. The trade was a 6.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brittany Bagley sold 5,000 shares of Axon Enterprise stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $713.88, for a total value of $3,569,400.00. Following the completion of the sale, the chief financial officer directly owned 93,592 shares in the company, valued at $66,813,456.96. This represents a 5.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,932 shares of company stock worth $37,978,216 in the last three months. Company insiders own 4.40% of the company's stock.

Axon Enterprise Price Performance

Shares of AXON opened at $715.51 on Friday. Axon Enterprise, Inc has a twelve month low of $413.68 and a twelve month high of $885.91. The stock's 50 day moving average is $757.79 and its two-hundred day moving average is $707.36. The firm has a market capitalization of $56.17 billion, a PE ratio of 176.67, a P/E/G ratio of 27.98 and a beta of 1.41. The company has a current ratio of 2.95, a quick ratio of 2.71 and a debt-to-equity ratio of 0.63.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The biotechnology company reported $2.12 earnings per share for the quarter, beating 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 company had revenue of $668.54 million for the quarter, compared to analyst estimates of $641.77 million. During the same quarter in the previous 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. Research analysts anticipate that Axon Enterprise, Inc will post 5.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AXON shares. Bank of America lifted their target price on Axon Enterprise from $895.00 to $1,000.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Axon Enterprise in a research report on Saturday, September 27th. Wolfe Research started coverage on Axon Enterprise in a research report on Monday, July 7th. They set an "outperform" rating on the stock. JPMorgan Chase & Co. lifted their target price on Axon Enterprise from $730.00 to $850.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $855.00 target price (up previously from $645.00) on shares of Axon Enterprise in a research report on Tuesday, August 5th. Fourteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Axon Enterprise has an average rating of "Moderate Buy" and an average target price of $841.64.

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.

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