Axon Enterprise, Inc $AXON Shares Sold by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC decreased its stake in shares of Axon Enterprise, Inc (NASDAQ:AXON) by 11.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 36,429 shares of the biotechnology company’s stock after selling 4,943 shares during the period. Axon Enterprise comprises approximately 0.8% of Motley Fool Asset Management LLC’s holdings, making the stock its 25th largest position. Motley Fool Asset Management LLC’s holdings in Axon Enterprise were worth $20,689,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Strategic Advocates LLC increased its stake in Axon Enterprise by 2.6% during the 4th quarter. Strategic Advocates LLC now owns 1,904 shares of the biotechnology company’s stock valued at $1,089,000 after buying an additional 48 shares during the period. Gaddis Premier Wealth Advisors LLC acquired a new position in Axon Enterprise during the 4th quarter valued at about $229,000. Cerity Partners LLC increased its stake in Axon Enterprise by 17.0% during the 4th quarter. Cerity Partners LLC now owns 6,043 shares of the biotechnology company’s stock valued at $3,432,000 after buying an additional 879 shares during the period. Deepwater Asset Management LLC acquired a new position in Axon Enterprise during the 4th quarter valued at about $4,983,000. Finally, Palladiem LLC acquired a new position in Axon Enterprise during the 4th quarter valued at about $240,000. Institutional investors and hedge funds own 79.08% of the company’s stock.

Insider Buying and Selling

In other Axon Enterprise news, CRO Cameron Brooks sold 1,242 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $500.00, for a total value of $621,000.00. Following the completion of the transaction, the executive directly owned 49,710 shares in the company, valued at $24,855,000. This trade represents a 2.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Patrick W. Smith sold 20,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $500.00, for a total transaction of $10,000,000.00. Following the completion of the transaction, the chief executive officer owned 3,060,997 shares of the company’s stock, valued at approximately $1,530,498,500. The trade was a 0.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 39,344 shares of company stock valued at $19,267,315. Company insiders own 4.20% of the company’s stock.

Trending Headlines about Axon Enterprise

Here are the key news stories impacting Axon Enterprise this week:

• Positive Sentiment: Axon continues to receive favorable analyst coverage, with a “Moderate Buy” consensus and an average price target of $712.75, suggesting Wall Street still sees meaningful upside from current levels.
• Positive Sentiment: The stock has also been supported by strong recent fundamentals, including the company’s latest earnings beat and revenue growth, which helped drive a strong run earlier in the month. Article Title
• Neutral Sentiment: AXON Networks announced the acquisition of Greenwave Systems, a deal that expands its OSS/BSS and wireless orchestration capabilities. This is a strategic growth update, but it appears unrelated to Axon Enterprise’s core public-safety business. Article Title
• Neutral Sentiment: Short-interest data showed no meaningful change in the near term, so it does not appear to be a major driver of the stock’s move.
• Negative Sentiment: Several insiders, including the CEO, president, and CRO, sold shares under pre-arranged trading plans. While these sales may be routine, they can still weigh on investor sentiment when the stock is already trading lower. Article Title
• Negative Sentiment: The stock’s recent pullback also reflects broader profit-taking after a strong monthly run, especially as Axon remains richly valued versus earnings.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AXON shares. Needham & Company LLC lowered their target price on shares of Axon Enterprise from $870.00 to $600.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Robert W. Baird set a $800.00 target price on shares of Axon Enterprise in a research note on Wednesday, February 25th. UBS Group reduced their price objective on shares of Axon Enterprise from $570.00 to $440.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. TD Cowen reduced their price objective on shares of Axon Enterprise from $950.00 to $825.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Finally, Craig Hallum restated a “buy” rating and set a $820.00 price objective on shares of Axon Enterprise in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $712.75.

Axon Enterprise Stock Performance

NASDAQ:AXON opened at $452.51 on Wednesday. Axon Enterprise, Inc has a twelve month low of $339.01 and a twelve month high of $885.91. The company has a current ratio of 2.27, a quick ratio of 1.93 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average of $408.90 and a 200-day moving average of $490.57. The firm has a market cap of $36.47 billion, a price-to-earnings ratio of 181.73, a price-to-earnings-growth ratio of 8.56 and a beta of 1.45.

Axon Enterprise (NASDAQ:AXON) last posted its quarterly earnings data on Wednesday, May 6th. The biotechnology company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.01. Axon Enterprise had a net margin of 6.90% and a return on equity of 3.78%. The company had revenue of $807.35 million during the quarter, compared to analyst estimates of $778.91 million. During the same quarter last year, the firm posted $1.47 EPS. The business’s revenue for the quarter was up 33.7% on a year-over-year basis. Analysts forecast that Axon Enterprise, Inc will post 1.82 earnings per share for the current fiscal year.

Axon Enterprise Profile

Axon Enterprise, Inc develops technology and weapons systems for public safety and law enforcement agencies, combining hardware, software and cloud services. The company’s hardware portfolio includes conducted energy weapons (commonly known as TASER devices), body-worn cameras and in-car camera systems. Axon pairs these devices with a suite of connected products and accessories designed to capture, store and manage field evidence.

Beyond hardware, Axon operates a subscription-based software platform for digital evidence management, evidence review and records management.