TimesSquare Capital Management LLC Purchases 66,320 Shares of Axon Enterprise, Inc (NASDAQ:AXON)

TimesSquare Capital Management LLC grew its stake in shares of Axon Enterprise, Inc (NASDAQ:AXON - Free Report) by 118.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,250 shares of the biotechnology company's stock after buying an additional 66,320 shares during the quarter. TimesSquare Capital Management LLC owned about 0.16% of Axon Enterprise worth $64,297,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in AXON. Fourth Dimension Wealth LLC acquired a new stake in Axon Enterprise in the fourth quarter worth approximately $30,000. Bartlett & CO. Wealth Management LLC grew its holdings in Axon Enterprise by 132.0% during 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 period. Catalyst Capital Advisors LLC bought a new stake in Axon Enterprise in the first quarter worth about $32,000. Alpine Bank Wealth Management bought a new position in shares of Axon Enterprise during the 1st quarter valued at about $40,000. Finally, Elequin Capital LP acquired a new position in shares of Axon Enterprise in the 4th quarter worth approximately $46,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Axon Enterprise

In other news, CEO Patrick W. Smith sold 10,000 shares of Axon Enterprise stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $540.99, for a total transaction of $5,409,900.00. Following the transaction, the chief executive officer owned 3,063,982 shares in the company, valued at $1,657,583,622.18. The trade was a 0.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Joshua Isner sold 9,905 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $738.03, for a total value of $7,310,187.15. Following the completion of the sale, the president owned 298,809 shares in the company, valued at approximately $220,530,006.27. This trade represents a 3.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,642 shares of company stock valued at $30,500,428. Insiders own 5.70% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AXON shares. Barclays raised their target price on shares of Axon Enterprise from $726.00 to $735.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Bank of America upped their target price on Axon Enterprise from $750.00 to $895.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. UBS Group assumed coverage on Axon Enterprise in a research note on Wednesday. They issued a "neutral" rating and a $820.00 price target on the stock. Wolfe Research assumed coverage on shares of Axon Enterprise in a report on Monday, July 7th. They set an "outperform" rating on the stock. Finally, Morgan Stanley set a $885.00 target price on shares of Axon Enterprise and gave the company an "overweight" rating in a research note on Friday, July 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Axon Enterprise presently has an average rating of "Moderate Buy" and a consensus price target of $725.00.

Axon Enterprise Trading Down 0.4%

Shares of AXON stock traded down $3.10 during trading hours on Wednesday, reaching $742.77. The company had a trading volume of 515,911 shares, compared to its average volume of 704,574. Axon Enterprise, Inc has a 1-year low of $279.02 and a 1-year high of $830.21. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.83 and a quick ratio of 2.62. The firm has a market cap of $57.83 billion, a price-to-earnings ratio of 179.41, a P/E/G ratio of 86.36 and a beta of 1.29. The company has a 50 day moving average of $758.11 and a 200 day moving average of $642.83.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $585.67 million. During the same quarter last year, the firm earned $1.15 EPS. Axon Enterprise's quarterly revenue was up 31.3% compared to the same quarter last year. On average, equities research analysts anticipate that Axon Enterprise, Inc will post 5.8 EPS for the current year.

Axon Enterprise Company 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.