Axon Enterprise, Inc $AXON Holdings Trimmed by Broadwood Capital Inc.

Key Points

• Broadwood Capital Inc. has reduced its stake in Axon Enterprise, Inc. by 3.6%, now holding 696,075 shares, which represent 29.7% of its portfolio.
• Institutional investors own approximately 79.08% of Axon Enterprise's stock, with notable changes including AQR Capital Management's position increasing by 382.2% in the fourth quarter.
• Axon Enterprise reported a quarterly earnings per share of $2.12, exceeding expectations, signaling a strong revenue growth of 32.6% year-over-year.

Broadwood Capital Inc. reduced its holdings in Axon Enterprise, Inc (NASDAQ:AXON - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 696,075 shares of the biotechnology company's stock after selling 26,346 shares during the period. Axon Enterprise comprises 29.7% of Broadwood Capital Inc.'s holdings, making the stock its 2nd largest position. Broadwood Capital Inc. owned about 0.89% of Axon Enterprise worth $366,101,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AXON. TCTC Holdings LLC boosted its stake in shares of Axon Enterprise by 75.0% in the first quarter. TCTC Holdings LLC now owns 56 shares of the biotechnology company's stock worth $29,000 after acquiring an additional 24 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of Axon Enterprise in the fourth quarter worth approximately $30,000. Bartlett & CO. Wealth Management LLC boosted its stake in shares of Axon Enterprise by 132.0% in the first 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 during the last quarter. Banque Transatlantique SA acquired a new stake in shares of Axon Enterprise in the first quarter worth approximately $31,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Axon Enterprise in the first quarter worth approximately $32,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Axon Enterprise Trading Down 0.2%

NASDAQ:AXON traded down $1.75 on Friday, reaching $728.41. The company's stock had a trading volume of 398,045 shares, compared to its average volume of 544,125. Axon Enterprise, Inc has a 12-month low of $346.71 and a 12-month high of $885.91. The company has a quick ratio of 2.71, a current ratio of 2.95 and a debt-to-equity ratio of 0.63. The firm has a market cap of $57.18 billion, a price-to-earnings ratio of 179.85, a price-to-earnings-growth ratio of 26.73 and a beta of 1.40. The stock has a 50 day moving average price of $765.93 and a 200 day moving average price of $679.57.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last posted its earnings results on Monday, August 4th. The biotechnology company reported $2.12 EPS 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 the consensus estimate of $641.77 million. During the same quarter in the previous year, the business earned $1.20 earnings per share. The company's revenue for the quarter was up 32.6% on a year-over-year basis. Axon Enterprise has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Axon Enterprise, Inc will post 5.8 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Jennifer H. Mak sold 75 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $723.50, for a total value of $54,262.50. Following the sale, the chief accounting officer owned 15,080 shares in the company, valued at approximately $10,910,380. The trade was a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Joshua Isner sold 15,919 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $746.26, for a total value of $11,879,712.94. Following the completion of the sale, the president owned 238,379 shares in the company, valued at $177,892,712.54. This represents a 6.26% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,865 shares of company stock valued at $26,926,433. 4.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AXON. Northland Securities set a $800.00 price target on Axon Enterprise in a research note on Tuesday, August 5th. The Goldman Sachs Group lifted their price target on Axon Enterprise from $730.00 to $830.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Morgan Stanley set a $885.00 price target on Axon Enterprise and gave the stock an "overweight" rating in a research note on Friday, July 11th. JMP Securities lifted their price objective on Axon Enterprise from $725.00 to $825.00 and gave the stock a "market outperform" rating in a research report on Tuesday, July 22nd. Finally, Bank of America lifted their price objective 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. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $837.69.

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.