6,658 Axon Enterprise, Inc $AXON Shares Purchased by Pension & Wealth Management Advisors Inc.

Pension & Wealth Management Advisors Inc. grew its holdings in shares of Axon Enterprise, Inc (NASDAQ:AXON) by 836.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,454 shares of the biotechnology company’s stock after buying an additional 6,658 shares during the quarter. Axon Enterprise accounts for about 0.7% of Pension & Wealth Management Advisors Inc.’s investment portfolio, making the stock its 23rd largest holding. Pension & Wealth Management Advisors Inc.’s holdings in Axon Enterprise were worth $3,149,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Keating Financial Advisory Services Inc. bought a new stake in shares of Axon Enterprise in the 2nd quarter worth about $31,000. Wealth Enhancement Trust Services Inc. bought a new position in shares of Axon Enterprise during the third quarter worth about $33,000. Washington Trust Advisors Inc. lifted its position in shares of Axon Enterprise by 1,300.0% during the second quarter. Washington Trust Advisors Inc. now owns 70 shares of the biotechnology company’s stock worth $39,000 after purchasing an additional 65 shares during the last quarter. Delos Wealth Advisors LLC acquired a new position in Axon Enterprise in the second quarter worth about $45,000. Finally, Owl Creek Wealth Partners LLC grew its stake in Axon Enterprise by 84.8% in the second quarter. Owl Creek Wealth Partners LLC now owns 85 shares of the biotechnology company’s stock worth $48,000 after purchasing an additional 39 shares in the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jeffrey C. Kunins sold 9,605 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $626.70, for a total value of $6,019,453.50. Following the sale, the insider directly owned 97,761 shares in the company, valued at $61,266,818.70. This trade represents a 8.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Patrick W. Smith sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $508.99, for a total value of $5,089,900.00. Following the transaction, the chief executive officer owned 3,118,012 shares of the company’s stock, valued at $1,587,036,927.88. This trade represents a 0.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 47,397 shares of company stock valued at $26,722,984. Corporate insiders own 4.20% of the company’s stock.

Axon Enterprise Stock Performance

NASDAQ:AXON traded down $26.90 during mid-day trading on Friday, hitting $390.29. The stock had a trading volume of 1,420,893 shares, compared to its average volume of 983,036. The company has a current ratio of 2.15, a quick ratio of 1.80 and a debt-to-equity ratio of 0.47. The company has a 50 day simple moving average of $501.59 and a 200-day simple moving average of $474.43. The stock has a market capitalization of $31.71 billion, a price-to-earnings ratio of 161.95, a P/E/G ratio of 7.85 and a beta of 1.44. Axon Enterprise, Inc has a 52 week low of $339.01 and a 52 week high of $764.02.

Axon Enterprise (NASDAQ:AXON) last posted its earnings results on Wednesday, August 5th. The biotechnology company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.84 by $0.04. Axon Enterprise had a net margin of 6.19% and a return on equity of 2.84%. The firm had revenue of $904.39 million during the quarter, compared to analysts’ expectations of $876.42 million. During the same quarter in the prior year, the firm earned $2.12 EPS. Axon Enterprise’s quarterly revenue was up 35.3% on a year-over-year basis. On average, research analysts expect that Axon Enterprise, Inc will post 2.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AXON shares. Zacks Research upgraded Axon Enterprise from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. UBS Group raised their price objective on Axon Enterprise from $440.00 to $600.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. TD Cowen reaffirmed a “buy” rating on shares of Axon Enterprise in a report on Tuesday. Morgan Stanley boosted their target price on shares of Axon Enterprise from $600.00 to $640.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Citizens Jmp reissued a “market outperform” rating and set a $700.00 target price on shares of Axon Enterprise in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Axon Enterprise currently has an average rating of “Moderate Buy” and an average target price of $718.47.

Axon Enterprise Profile

Axon Enterprise, Inc develops technology and connected systems for public safety and law enforcement agencies. Its product portfolio includes TASER conducted energy weapons, body-worn cameras, in-car cameras and other recording devices designed to support safer interactions, improve accountability and document incidents.

The company also provides cloud-based software for managing digital evidence, reports, records and agency operations. Its Axon platform connects hardware with services such as evidence management, real-time operations, computer-aided dispatch and other workflow tools, enabling agencies to store, organize and share information across their organizations.

Founded in 1993 as AIR TASER by Rick Smith and Tom Smith, the company later operated as TASER International before adopting the name Axon Enterprise in 2017.