Korea Investment CORP Has $29.02 Million Stock Holdings in Axon Enterprise, Inc $AXON

Korea Investment CORP trimmed its stake in shares of Axon Enterprise, Inc (NASDAQ:AXON) by 30.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,438 shares of the biotechnology company’s stock after selling 18,064 shares during the quarter. Korea Investment CORP owned approximately 0.05% of Axon Enterprise worth $29,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in AXON. Stone House Investment Management LLC acquired a new stake in Axon Enterprise during the 3rd quarter valued at approximately $29,000. New Millennium Group LLC bought a new position in Axon Enterprise during the 3rd quarter worth approximately $29,000. Root Financial Partners LLC acquired a new position in shares of Axon Enterprise in the 3rd quarter worth approximately $34,000. Darwin Wealth Management LLC bought a new stake in shares of Axon Enterprise in the 2nd quarter valued at $37,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Axon Enterprise in the 2nd quarter valued at $56,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Axon Enterprise Stock Down 2.6%

Shares of NASDAQ:AXON opened at $559.06 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.29 and a current ratio of 2.53. Axon Enterprise, Inc has a 52-week low of $396.41 and a 52-week high of $885.91. The business’s 50 day simple moving average is $535.65 and its two-hundred day simple moving average is $615.42. The firm has a market cap of $44.95 billion, a P/E ratio of 367.81, a PEG ratio of 12.25 and a beta of 1.46.

Axon Enterprise (NASDAQ:AXON) last released its quarterly earnings data on Tuesday, February 24th. The biotechnology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.60 by $0.55. Axon Enterprise had a return on equity of 2.82% and a net margin of 4.48%.The firm had revenue of $796.72 million during the quarter, compared to the consensus estimate of $755.29 million. During the same quarter in the previous year, the company posted $2.08 earnings per share. The company’s quarterly revenue was up 38.5% on a year-over-year basis. As a group, research analysts forecast that Axon Enterprise, Inc will post 5.8 EPS for the current fiscal year.

Insider Buying and Selling at Axon Enterprise

In other Axon Enterprise news, CEO Patrick W. Smith sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $500.24, for a total value of $5,002,400.00. Following the transaction, the chief executive officer directly owned 3,090,997 shares of the company’s stock, valued at approximately $1,546,240,339.28. This trade represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brittany Bagley sold 2,000 shares of Axon Enterprise stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $580.00, for a total transaction of $1,160,000.00. Following the transaction, the chief financial officer owned 103,501 shares of the company’s stock, valued at $60,030,580. This represents a 1.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 26,634 shares of company stock worth $14,963,095. Company insiders own 5.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Robert W. Baird set a $800.00 target price on shares of Axon Enterprise in a research note on Wednesday, February 25th. Morgan Stanley cut their price target on shares of Axon Enterprise from $713.00 to $675.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Wall Street Zen upgraded Axon Enterprise from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Piper Sandler lowered their price objective on Axon Enterprise from $753.00 to $690.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Finally, William Blair reissued an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 3rd. Sixteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Axon Enterprise has a consensus rating of “Moderate Buy” and a consensus target price of $762.93.

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.