Bosman Wealth Management LLC Has $2.83 Million Position in Axon Enterprise, Inc $AXON

Key Points

• Bosman Wealth Management LLC has reduced its stake in Axon Enterprise, Inc by 36.9%, now holding shares worth approximately $2.83 million, which represents 2.5% of their investment portfolio.
• A number of research analysts have raised their price targets for Axon Enterprise, with Bank of America increasing their target from $895 to $1,000, reflecting a strong bullish sentiment on the stock.
• Axon Enterprise reported earnings of $2.12 per share for the last quarter, surpassing estimates significantly, and noted a 32.6% increase in revenue over the same period last year.

Bosman Wealth Management LLC reduced its stake in Axon Enterprise, Inc (NASDAQ:AXON - Free Report) by 36.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,417 shares of the biotechnology company's stock after selling 1,994 shares during the period. Axon Enterprise comprises approximately 2.5% of Bosman Wealth Management LLC's investment portfolio, making the stock its 17th largest position. Bosman Wealth Management LLC's holdings in Axon Enterprise were worth $2,829,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. TCTC Holdings LLC boosted its stake in shares of Axon Enterprise by 75.0% in the 1st quarter. TCTC Holdings LLC now owns 56 shares of the biotechnology company's stock valued at $29,000 after purchasing an additional 24 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its holdings in Axon Enterprise by 132.0% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 58 shares of the biotechnology company's stock valued at $31,000 after buying an additional 33 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in Axon Enterprise in the 1st quarter valued at approximately $32,000. Banque Transatlantique SA bought a new position in Axon Enterprise in the 1st quarter valued at approximately $31,000. Finally, Flaharty Asset Management LLC bought a new position in Axon Enterprise in the 1st quarter valued at approximately $33,000. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AXON shares. Craig Hallum upgraded shares of Axon Enterprise from a "hold" rating to a "buy" rating and set a $900.00 price objective for the company in a report on Tuesday, August 5th. Bank of America raised their price objective on shares of Axon Enterprise from $895.00 to $1,000.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Needham & Company LLC reiterated a "buy" rating and issued a $870.00 price objective on shares of Axon Enterprise in a report on Wednesday, September 24th. UBS Group reiterated a "neutral" rating and issued a $840.00 price objective (up previously from $820.00) on shares of Axon Enterprise in a report on Tuesday, August 5th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $855.00 price objective (up previously from $645.00) on shares of Axon Enterprise in a report on Tuesday, August 5th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Axon Enterprise presently has a consensus rating of "Moderate Buy" and an average target price of $841.64.

Axon Enterprise Stock Up 1.0%

Axon Enterprise stock opened at $716.02 on Tuesday. 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, Inc has a 52-week low of $394.24 and a 52-week high of $885.91. The firm has a 50 day moving average price of $757.89 and a two-hundred day moving average price of $704.87. The firm has a market cap of $56.21 billion, a price-to-earnings ratio of 176.80, a PEG ratio of 27.53 and a beta of 1.40.

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 firm had revenue of $668.54 million during the quarter, compared to analyst estimates of $641.77 million. During the same quarter last year, the business earned $1.20 EPS. The company's revenue was up 32.6% compared to the same quarter last year. Axon Enterprise has set its FY 2025 guidance at EPS. Equities analysts predict that Axon Enterprise, Inc will post 5.8 EPS for the current year.

Insider Buying and Selling

In other news, Director Jeri Williams sold 100 shares of Axon Enterprise stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $752.54, for a total value of $75,254.00. Following the completion of the sale, the director owned 1,416 shares in the company, valued at $1,065,596.64. The trade was a 6.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jennifer H. Mak sold 77 shares of Axon Enterprise stock in a transaction on Monday, September 15th. The shares were sold at an average price of $760.00, for a total transaction of $58,520.00. Following the completion of the sale, the chief accounting officer owned 15,003 shares of the company's stock, valued at $11,402,280. This represents a 0.51% 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 worth $34,408,816 over the last ninety days. 5.70% of the stock is owned by company insiders.

About Axon Enterprise

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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