Creekmur Asset Management LLC Increases Holdings in Axon Enterprise, Inc (NASDAQ:AXON)

Creekmur Asset Management LLC boosted its stake in Axon Enterprise, Inc (NASDAQ:AXON - Free Report) by 5,076.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,087 shares of the biotechnology company's stock after purchasing an additional 1,066 shares during the quarter. Creekmur Asset Management LLC's holdings in Axon Enterprise were worth $571,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Pinion Investment Advisors LLC raised its stake in Axon Enterprise by 3.0% in the first quarter. Pinion Investment Advisors LLC now owns 649 shares of the biotechnology company's stock valued at $341,000 after purchasing an additional 19 shares in the last quarter. Kentucky Retirement Systems grew its position in Axon Enterprise by 0.4% in the first quarter. Kentucky Retirement Systems now owns 4,953 shares of the biotechnology company's stock valued at $2,605,000 after acquiring an additional 19 shares during the last quarter. WCM Investment Management LLC grew its position in Axon Enterprise by 0.8% in the first quarter. WCM Investment Management LLC now owns 2,441 shares of the biotechnology company's stock valued at $1,306,000 after acquiring an additional 19 shares during the last quarter. HBK Sorce Advisory LLC grew its position in Axon Enterprise by 4.6% in the first quarter. HBK Sorce Advisory LLC now owns 451 shares of the biotechnology company's stock valued at $237,000 after acquiring an additional 20 shares during the last quarter. Finally, Prudent Man Advisors LLC grew its position in Axon Enterprise by 1.6% in the first quarter. Prudent Man Advisors LLC now owns 1,298 shares of the biotechnology company's stock valued at $683,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 79.08% of the company's stock.

Insider Activity at Axon Enterprise

In other news, Director Caitlin Elizabeth Kalinowski sold 1,300 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $738.84, for a total transaction of $960,492.00. Following the transaction, the director directly owned 4,829 shares of the company's stock, valued at $3,567,858.36. This represents a 21.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Garnreiter sold 5,913 shares of the stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $760.00, for a total value of $4,493,880.00. Following the completion of the sale, the director directly owned 17,740 shares of the company's stock, valued at $13,482,400. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,642 shares of company stock valued at $25,090,528 over the last three months. 5.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on AXON. The Goldman Sachs Group lifted their target price on Axon Enterprise from $730.00 to $830.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. lifted their target price on Axon Enterprise from $730.00 to $850.00 and gave the company an "overweight" rating in a research report on Thursday. Wolfe Research began coverage on Axon Enterprise in a report on Monday, July 7th. They set an "outperform" rating on the stock. Needham & Company LLC boosted their price target on Axon Enterprise from $600.00 to $750.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Morgan Stanley set a $885.00 price target on Axon Enterprise and gave the stock an "overweight" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Axon Enterprise has an average rating of "Moderate Buy" and an average price target of $763.75.

Axon Enterprise Trading Down 0.3%

AXON traded down $2.40 during trading on Monday, hitting $753.69. The company's stock had a trading volume of 85,436 shares, compared to its average volume of 695,132. Axon Enterprise, Inc has a twelve month low of $279.02 and a twelve month high of $830.21. The company has a quick ratio of 2.62, a current ratio of 2.83 and a debt-to-equity ratio of 0.68. The stock's fifty day moving average price is $763.54 and its 200-day moving average price is $646.31. The firm has a market capitalization of $58.67 billion, a P/E ratio of 182.05, a PEG ratio of 87.03 and a beta of 1.29.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last issued its earnings results on Wednesday, May 7th. The biotechnology company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.07. Axon Enterprise had a return on equity of 5.81% and a net margin of 14.86%. The company had revenue of $603.63 million for the quarter, compared to analyst estimates of $585.67 million. During the same period in the prior year, the firm earned $1.15 earnings per share. Axon Enterprise's revenue for the quarter was up 31.3% on a year-over-year basis. Analysts anticipate that Axon Enterprise, Inc will post 5.8 EPS for the current year.

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.