Paragon Private Wealth Management LLC Takes Position in Axon Enterprise, Inc $AXON

Key Points

• Paragon Private Wealth Management LLC has acquired a new stake in Axon Enterprise, investing approximately $298,000 for 566 shares in the 1st quarter.
• Axon Enterprise's CEO, Patrick W. Smith, sold 10,000 shares worth about $8.31 million, reducing his ownership by 0.33%.
• The company reported a 32.6% year-over-year revenue increase with earnings per share (EPS) of $2.12 for the last quarter, beating analyst estimates.

Paragon Private Wealth Management LLC bought a new position in Axon Enterprise, Inc (NASDAQ:AXON - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 566 shares of the biotechnology company's stock, valued at approximately $298,000.

Several other institutional investors also recently modified their holdings of AXON. TCTC Holdings LLC increased 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 worth $29,000 after acquiring an additional 24 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of Axon Enterprise in the 4th quarter worth about $30,000. Bartlett & CO. Wealth Management LLC increased its stake in shares of Axon Enterprise by 132.0% in the 1st 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 in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Axon Enterprise in the 1st quarter worth about $32,000. Finally, Alpine Bank Wealth Management bought a new position in shares of Axon Enterprise in the 1st quarter worth about $40,000. 79.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AXON has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price objective on shares of Axon Enterprise from $730.00 to $830.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. 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 research note on Tuesday, August 5th. JPMorgan Chase & Co. raised their price objective on shares of Axon Enterprise from $730.00 to $850.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Zacks Research lowered shares of Axon Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 2nd. Finally, 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 research note on Wednesday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Axon Enterprise has an average rating of "Moderate Buy" and an average price target of $837.69.

Insider Buying and Selling

In related news, President Joshua Isner sold 15,919 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $746.26, for a total transaction of $11,879,712.94. Following the transaction, the president owned 238,379 shares of the company's stock, valued at $177,892,712.54. This represents a 6.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Patrick W. Smith sold 10,000 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $831.29, for a total value of $8,312,900.00. Following the transaction, the chief executive officer directly owned 3,053,982 shares in the company, valued at $2,538,744,696.78. This represents a 0.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,865 shares of company stock valued at $26,926,433 in the last 90 days. Company insiders own 4.40% of the company's stock.

Axon Enterprise Stock Down 0.2%

Shares of Axon Enterprise stock traded down $1.75 on Friday, reaching $728.41. 398,045 shares of the company were exchanged, compared to its average volume of 544,125. The stock's 50 day moving average price is $765.93 and its 200-day moving average price is $679.57. The company has a market cap of $57.18 billion, a P/E ratio of 179.85, a price-to-earnings-growth ratio of 26.73 and a beta of 1.40. Axon Enterprise, Inc has a 1-year low of $346.71 and a 1-year high of $885.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.95 and a quick ratio of 2.71.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last posted its earnings results on Monday, August 4th. The biotechnology company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.58. The firm had revenue of $668.54 million during the quarter, compared to analysts' expectations of $641.77 million. Axon Enterprise had a return on equity of 6.80% and a net margin of 13.64%.The firm's revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 earnings per share. Axon Enterprise has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Axon Enterprise, Inc will post 5.8 EPS for the current year.

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.