Prudential Financial Inc. Makes New Investment in Axon Enterprise, Inc. (NASDAQ:AXON)

Prudential Financial Inc. purchased a new position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) during the second quarter, HoldingsChannel reports. The institutional investor purchased 5,913 shares of the biotechnology company’s stock, valued at approximately $1,045,000.

Several other hedge funds have also bought and sold shares of AXON. Cullen Frost Bankers Inc. acquired a new stake in shares of Axon Enterprise in the second quarter worth approximately $31,000. Credit Agricole S A acquired a new stake in shares of Axon Enterprise in the second quarter worth approximately $35,000. TCI Wealth Advisors Inc. acquired a new stake in shares of Axon Enterprise in the second quarter worth approximately $43,000. Financial Insights Inc. acquired a new stake in shares of Axon Enterprise in the second quarter worth approximately $44,000. Finally, Tobam purchased a new position in shares of Axon Enterprise in the 2nd quarter worth $47,000. Institutional investors and hedge funds own 75.45% of the company’s stock.

In other Axon Enterprise news, insider Jeffrey C. Kunins sold 3,169 shares of the firm’s stock in a transaction dated Friday, September 24th. The shares were sold at an average price of $175.61, for a total transaction of $556,508.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Joshua Isner sold 11,083 shares of the firm’s stock in a transaction that occurred on Thursday, September 9th. The shares were sold at an average price of $183.37, for a total transaction of $2,032,289.71. Following the transaction, the executive now owns 332,491 shares in the company, valued at approximately $60,968,874.67. The disclosure for this sale can be found here. Insiders sold 594,445 shares of company stock worth $109,519,770 in the last 90 days. 2.30% of the stock is owned by company insiders.

Several research analysts recently weighed in on AXON shares. Needham & Company LLC increased their target price on Axon Enterprise from $190.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, August 6th. William Blair reissued an “outperform” rating on shares of Axon Enterprise in a research report on Tuesday, November 16th. Zacks Investment Research raised shares of Axon Enterprise from a “strong sell” rating to a “hold” rating in a research report on Monday, October 11th. Raymond James increased their target price on shares of Axon Enterprise from $200.00 to $223.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 6th. Finally, Craig Hallum raised shares of Axon Enterprise from a “hold” rating to a “buy” rating and set a $232.00 price target for the company in a research report on Tuesday, November 16th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Axon Enterprise currently has a consensus rating of “Buy” and an average price target of $208.43.

Axon Enterprise stock opened at $179.86 on Thursday. The stock’s 50 day moving average price is $176.22 and its 200 day moving average price is $170.65. The firm has a market capitalization of $12.31 billion, a PE ratio of -449.64 and a beta of 0.40. Axon Enterprise, Inc. has a one year low of $115.57 and a one year high of $212.37.

Axon Enterprise (NASDAQ:AXON) last posted its quarterly earnings data on Monday, November 15th. The biotechnology company reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.91. Axon Enterprise had a negative net margin of 2.37% and a negative return on equity of 2.26%. The firm had revenue of $231.99 million for the quarter, compared to the consensus estimate of $201.11 million. During the same period in the prior year, the firm posted ($0.01) EPS. The firm’s revenue was up 39.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Axon Enterprise, Inc. will post -0.85 earnings per share for the current year.

About Axon Enterprise

Axon Enterprise, Inc engages in the development, manufacturing, and sale of conducted electrical weapons for personal defense. It operates through the TASER Weapons and Software and Sensors segments. The TASER Weapons segment sells conducted electrical weapons, accessories, and other related products and services.

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

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