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Mirae Asset Global Investments Co. Ltd. Has $13.29 Million Stock Position in Axon Enterprise, Inc (NASDAQ:AXON)

Axon Enterprise logo with Aerospace background

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Axon Enterprise, Inc (NASDAQ:AXON - Free Report) by 15.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,840 shares of the biotechnology company's stock after buying an additional 3,377 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Axon Enterprise were worth $13,288,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AXON. Pinion Investment Advisors LLC boosted its stake in Axon Enterprise by 3.0% during the 1st quarter. Pinion Investment Advisors LLC now owns 649 shares of the biotechnology company's stock valued at $341,000 after acquiring an additional 19 shares during the last quarter. Kentucky Retirement Systems grew its stake in Axon Enterprise by 0.4% in the first quarter. Kentucky Retirement Systems now owns 4,953 shares of the biotechnology company's stock worth $2,605,000 after purchasing an additional 19 shares in the last quarter. HBK Sorce Advisory LLC increased its holdings 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 buying an additional 20 shares during the last quarter. Beacon Pointe Advisors LLC increased its holdings in Axon Enterprise by 2.6% in the fourth quarter. Beacon Pointe Advisors LLC now owns 864 shares of the biotechnology company's stock valued at $513,000 after buying an additional 22 shares during the last quarter. Finally, Interchange Capital Partners LLC raised its stake in Axon Enterprise by 1.9% during the fourth quarter. Interchange Capital Partners LLC now owns 1,310 shares of the biotechnology company's stock valued at $779,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 79.08% of the company's stock.

Insider Activity

In other news, CEO Patrick W. Smith sold 10,000 shares of the firm's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $540.99, for a total value of $5,409,900.00. Following the completion of the sale, the chief executive officer owned 3,063,982 shares of the company's stock, valued at $1,657,583,622.18. This trade represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CRO Cameron Brooks sold 3,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $740.76, for a total value of $2,222,280.00. Following the sale, the executive owned 19,447 shares of the company's stock, valued at $14,405,559.72. The trade was a 13.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,642 shares of company stock worth $30,500,428. 4.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on AXON. Bank of America raised their target price on shares of Axon Enterprise from $750.00 to $895.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Craig Hallum lowered shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a research note on Monday, March 10th. Barclays boosted their target price on Axon Enterprise from $726.00 to $735.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Needham & Company LLC increased their price target on Axon Enterprise from $600.00 to $750.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, The Goldman Sachs Group boosted their price objective on Axon Enterprise from $730.00 to $830.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $699.55.

Check Out Our Latest Stock Report on Axon Enterprise

Axon Enterprise Trading Up 1.1%

AXON traded up $9.34 during trading on Monday, reaching $827.94. The company had a trading volume of 529,807 shares, compared to its average volume of 711,407. The firm's 50-day simple moving average is $714.97 and its 200 day simple moving average is $630.42. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.62 and a current ratio of 2.83. The company has a market cap of $64.46 billion, a price-to-earnings ratio of 199.99, a PEG ratio of 94.23 and a beta of 1.29. Axon Enterprise, Inc has a 12-month low of $279.02 and a 12-month high of $830.21.

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

About Axon Enterprise

(Free Report)

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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Institutional Ownership by Quarter for Axon Enterprise (NASDAQ:AXON)

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