183,574 Axon Enterprise, Inc $AXON Shares Bought by Sigma Planning Corp

Sigma Planning Corp boosted its stake in shares of Axon Enterprise, Inc (NASDAQ:AXON) by 30,292.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 184,180 shares of the biotechnology company’s stock after purchasing an additional 183,574 shares during the period. Axon Enterprise makes up approximately 2.0% of Sigma Planning Corp’s portfolio, making the stock its 5th biggest holding. Sigma Planning Corp’s holdings in Axon Enterprise were worth $77,820,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Compass Ion Advisors LLC boosted its stake in shares of Axon Enterprise by 1,184.3% in the third quarter. Compass Ion Advisors LLC now owns 12,766 shares of the biotechnology company’s stock worth $5,394,000 after buying an additional 11,772 shares during the last quarter. Valley National Advisers Inc. grew its holdings in Axon Enterprise by 19,672.3% during the third quarter. Valley National Advisers Inc. now owns 16,411 shares of the biotechnology company’s stock worth $6,934,000 after acquiring an additional 16,328 shares during the period. Radnor Capital Management LLC grew its holdings in Axon Enterprise by 4,122.5% during the third quarter. Radnor Capital Management LLC now owns 54,343 shares of the biotechnology company’s stock worth $22,961,000 after acquiring an additional 53,056 shares during the period. Norris Perne & French LLP MI purchased a new position in Axon Enterprise during the third quarter valued at approximately $2,906,000. Finally, Signaturefd LLC raised its position in Axon Enterprise by 7,380.5% during the third quarter. Signaturefd LLC now owns 78,770 shares of the biotechnology company’s stock valued at $33,282,000 after acquiring an additional 77,717 shares in the last quarter. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Axon Enterprise Stock Performance

Shares of Axon Enterprise stock opened at $420.37 on Monday. The firm has a 50-day simple moving average of $480.64 and a two-hundred day simple moving average of $474.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.15. Axon Enterprise, Inc has a fifty-two week low of $339.01 and a fifty-two week high of $764.02. The company has a market cap of $34.15 billion, a P/E ratio of 174.43, a price-to-earnings-growth ratio of 7.99 and a beta of 1.44.

Axon Enterprise (NASDAQ:AXON) last posted its earnings results on Wednesday, August 5th. The biotechnology company reported $1.88 EPS for the quarter, beating 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 firm had revenue of $904.39 million for the quarter, compared to analysts’ expectations of $876.42 million. During the same period last year, the firm earned $2.12 EPS. The company’s quarterly revenue was up 35.3% on a year-over-year basis. As a group, equities analysts predict that Axon Enterprise, Inc will post 2.10 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AXON. Zacks Research raised Axon Enterprise from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Northcoast Research upped their price objective on Axon Enterprise from $650.00 to $680.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Raymond James Financial set a $675.00 price objective on shares of Axon Enterprise in a research note on Thursday, October 15th. Piper Sandler cut their target price on shares of Axon Enterprise from $732.00 to $561.00 and set an “overweight” rating for the company in a report on Tuesday, October 20th. Finally, Morgan Stanley lifted their target price on shares of Axon Enterprise from $600.00 to $640.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Axon Enterprise currently has a consensus rating of “Moderate Buy” and an average price target of $689.94.

Insiders Place Their Bets

In other Axon Enterprise news, insider Isaiah Fields sold 1,017 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $480.45, for a total value of $488,617.65. Following the sale, the insider directly owned 56,264 shares of the company’s stock, valued at approximately $27,032,038.80. This trade represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Joshua Isner sold 16,775 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were 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 directly owned 296,974 shares in the company, valued at approximately $170,590,774.82. The trade was a 5.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 47,397 shares of company stock worth $26,722,984. 4.20% of the stock is owned by company insiders.

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.