73,160 Axon Enterprise, Inc $AXON Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC lifted its holdings in Axon Enterprise, Inc (NASDAQ:AXON) by 1,844.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,126 shares of the biotechnology company’s stock after purchasing an additional 73,160 shares during the period. Axon Enterprise accounts for approximately 0.9% of Quadrant Capital Group LLC’s portfolio, making the stock its 15th biggest holding. Quadrant Capital Group LLC owned 0.09% of Axon Enterprise worth $32,587,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AXON. Keating Financial Advisory Services Inc. bought a new stake in Axon Enterprise during the 2nd quarter valued at approximately $31,000. Washington Trust Advisors Inc. grew its holdings in Axon Enterprise by 1,300.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 70 shares of the biotechnology company’s stock valued at $39,000 after buying an additional 65 shares during the last quarter. Wealth Enhancement Trust Services Inc. bought a new position in Axon Enterprise in the 3rd quarter worth approximately $33,000. Delos Wealth Advisors LLC bought a new position in Axon Enterprise in the 2nd quarter worth approximately $45,000. Finally, Owl Creek Wealth Partners LLC increased its position in Axon Enterprise by 84.8% in the 2nd quarter. Owl Creek Wealth Partners LLC now owns 85 shares of the biotechnology company’s stock worth $48,000 after buying an additional 39 shares during the period. 79.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Piper Sandler cut their price target on Axon Enterprise from $732.00 to $561.00 and set an “overweight” rating for the company in a report on Tuesday. TD Cowen reissued a “buy” rating on shares of Axon Enterprise in a research report on Tuesday, October 13th. Citigroup restated a “market outperform” rating on shares of Axon Enterprise in a research note on Thursday, September 17th. Argus raised their price objective on shares of Axon Enterprise from $460.00 to $600.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Axon Enterprise in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $707.07.

Insider Transactions at Axon Enterprise

In other Axon Enterprise news, President Joshua Isner sold 16,775 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $574.43, for a total value of $9,636,063.25. Following the completion of the sale, the president owned 296,974 shares in the company, valued at approximately $170,590,774.82. This trade represents a 5.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Kunins sold 9,605 shares of Axon Enterprise 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. The trade was a 8.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 47,397 shares of company stock worth $26,722,984 over the last 90 days. Insiders own 4.20% of the company’s stock.

Axon Enterprise News Summary

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

• Positive Sentiment: Axon is expected to report third-quarter results soon, with analysts anticipating a substantial year-over-year increase in earnings per share. The earnings preview may be supporting optimism about continued revenue and profit growth. Earnings Preview: What to Expect From Axon Enterprise’s Report
• Positive Sentiment: Bloomington approved an expanded agreement with Axon for policing technology, while the Reno City Council is set to vote on a proposed $22 million deal. Additional municipal contracts could reinforce Axon’s recurring-revenue model and strengthen demand for its connected hardware and cloud software. Bloomington council OKs expanded agreement with Axon for policing technology City of Reno council to vote on $22M Axon tech deal
• Positive Sentiment: Commentary from The Motley Fool describes Axon as a potential buy after a roughly 54% decline, arguing that recent pressure appears largely short-term and that the company retains a dominant position in public safety. Down 54%, This Tech Stock Looks Like a Buy With or Without AI
• Neutral Sentiment: Piper Sandler maintained an “overweight” rating but reduced its AXON price target from $732 to $561. The target cut signals more cautious near-term expectations, although it still implies significant potential upside based on the cited trading level.
• Neutral Sentiment: A comparison with Arista Networks emphasizes Axon’s integrated hardware-and-cloud platform and strong public-safety market position, but it is an opinion piece rather than a new company-specific catalyst. Arista Networks vs. Axon Enterprise
• Neutral Sentiment: Reports concerning an “Axon Graphite” spin-out by Lithium Energy and a reverse stock split by Axonex AI Group are unrelated to Axon Enterprise, Inc. (AXON) and should not affect its shares.

Axon Enterprise Stock Up 2.5%

NASDAQ AXON opened at $392.64 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.15. The firm has a 50-day simple moving average of $492.46 and a 200 day simple moving average of $474.34. Axon Enterprise, Inc has a twelve month low of $339.01 and a twelve month high of $764.02. The stock has a market cap of $31.90 billion, a PE ratio of 162.92, a PEG ratio of 7.21 and a beta of 1.44.

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

About Axon Enterprise

Axon Enterprise, Inc develops technology and connected products for public safety organizations. The company’s portfolio includes TASER conducted-energy weapons, body-worn cameras, in-car cameras, and related hardware designed to support law enforcement, corrections, security, and other emergency-response professionals.

Axon also provides cloud-based software for managing digital evidence, records, workflows, real-time operations, investigations, and communications. Its platform is intended to connect hardware, software, and services across the public-safety ecosystem, helping agencies collect, store, analyze, and share operational information.

The company was founded in 1993 as TASER International by Rick Smith and Tom Smith and adopted the name Axon Enterprise in 2017 as it expanded beyond conducted-energy weapons into a broader technology platform.