K.J. Harrison & Partners Inc Takes Position in Axon Enterprise, Inc $AXON

K.J. Harrison & Partners Inc purchased a new stake in Axon Enterprise, Inc (NASDAQ:AXON) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 3,000 shares of the biotechnology company’s stock, valued at approximately $1,274,000.

A number of other hedge funds have also bought and sold shares of AXON. Creative Financial Designs Inc. ADV acquired a new stake in Axon Enterprise in the 4th quarter worth about $28,000. Sound Income Strategies LLC grew its position in shares of Axon Enterprise by 550.0% during the 4th quarter. Sound Income Strategies LLC now owns 52 shares of the biotechnology company’s stock worth $30,000 after purchasing an additional 44 shares in the last quarter. Camelot Portfolios LLC acquired a new position in shares of Axon Enterprise during the 4th quarter worth approximately $30,000. AlphaCentric Advisors LLC bought a new position in shares of Axon Enterprise during the fourth quarter worth approximately $34,000. Finally, Lodestone Wealth Management LLC bought a new position in shares of Axon Enterprise during the fourth quarter worth approximately $35,000. 79.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AXON shares. Piper Sandler reiterated an “overweight” rating and issued a $674.00 price target on shares of Axon Enterprise in a research report on Monday, June 15th. Citizens Jmp reissued a “market outperform” rating and set a $700.00 price target on shares of Axon Enterprise in a research report on Thursday, June 25th. JPMorgan Chase & Co. raised their price objective on Axon Enterprise from $750.00 to $755.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. TD Cowen dropped their price objective on Axon Enterprise from $950.00 to $825.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Finally, Barclays cut their target price on Axon Enterprise from $682.00 to $523.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $712.75.

Insider Buying and Selling

In other news, CEO Patrick W. Smith sold 20,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $500.00, for a total value of $10,000,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,060,997 shares in the company, valued at approximately $1,530,498,500. This represents a 0.65% decrease in their position. The sale was disclosed in a legal filing 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 13,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $488.45, for a total value of $6,349,850.00. Following the sale, the president directly owned 169,125 shares in the company, valued at approximately $82,609,106.25. This trade represents a 7.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 48,989 shares of company stock worth $24,090,083 in the last ninety days. Insiders own 4.20% of the company’s stock.

Axon Enterprise Price Performance

AXON stock opened at $597.04 on Friday. The stock has a market cap of $48.12 billion, a price-to-earnings ratio of 239.78, a P/E/G ratio of 12.18 and a beta of 1.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.27 and a quick ratio of 1.93. The company has a 50 day simple moving average of $437.68 and a 200 day simple moving average of $482.40. Axon Enterprise, Inc has a 1 year low of $339.01 and a 1 year high of $885.91.

Axon Enterprise (NASDAQ:AXON) last issued its earnings results on Wednesday, May 6th. The biotechnology company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.01. The firm had revenue of $807.35 million for the quarter, compared to analyst estimates of $778.90 million. Axon Enterprise had a net margin of 6.90% and a return on equity of 3.78%. The company’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the business posted $1.47 earnings per share. Research analysts anticipate that Axon Enterprise, Inc will post 1.63 EPS for the current fiscal year.

Axon Enterprise Company 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.