Axon Enterprise, Inc. (NASDAQ:AXON) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 19.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 875 shares of the biotechnology company’s stock after purchasing an additional 142 shares during the period. Farther Finance Advisors LLC’s holdings in Axon Enterprise were worth $350,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norden Group LLC acquired a new stake in Axon Enterprise during the first quarter worth about $512,000. Mirae Asset Global Investments Co. Ltd. increased its position in Axon Enterprise by 2.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,434 shares of the biotechnology company’s stock worth $3,825,000 after purchasing an additional 301 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Axon Enterprise in the first quarter valued at approximately $931,000. Empirical Finance LLC lifted its position in Axon Enterprise by 11.2% during the first quarter. Empirical Finance LLC now owns 1,023 shares of the biotechnology company’s stock valued at $320,000 after buying an additional 103 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Axon Enterprise by 11.8% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,468 shares of the biotechnology company’s stock worth $1,398,000 after buying an additional 471 shares during the period. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Analysts Set New Price Targets

AXON has been the topic of a number of research reports. Barclays raised their target price on shares of Axon Enterprise from $381.00 to $387.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. JMP Securities lifted their price objective on shares of Axon Enterprise from $430.00 to $500.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Bank of America initiated coverage on shares of Axon Enterprise in a research note on Wednesday, July 17th. They issued a “buy” rating and a $380.00 target price for the company. Robert W. Baird raised their target price on Axon Enterprise from $440.00 to $460.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Craig Hallum raised their price objective on Axon Enterprise from $370.00 to $376.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Axon Enterprise has an average rating of “Moderate Buy” and a consensus price target of $392.85.

Insider Buying and Selling at Axon Enterprise

In related news, CEO Patrick W. Smith sold 80,300 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $371.78, for a total transaction of $29,853,934.00. Following the completion of the sale, the chief executive officer now owns 3,015,366 shares in the company, valued at $1,121,052,771.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Axon Enterprise news, CEO Patrick W. Smith sold 80,300 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $371.78, for a total value of $29,853,934.00. Following the transaction, the chief executive officer now owns 3,015,366 shares of the company’s stock, valued at approximately $1,121,052,771.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick W. Smith sold 70,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $362.21, for a total value of $25,354,700.00. Following the completion of the sale, the chief executive officer now owns 2,945,366 shares of the company’s stock, valued at approximately $1,066,841,018.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 369,172 shares of company stock valued at $136,270,842. 5.70% of the stock is currently owned by company insiders.

Axon Enterprise Price Performance

NASDAQ AXON opened at $468.75 on Friday. The company has a market cap of $35.42 billion, a PE ratio of 123.68, a PEG ratio of 10.99 and a beta of 0.94. The stock’s 50-day moving average price is $409.39 and its two-hundred day moving average price is $344.81. The company has a current ratio of 2.88, a quick ratio of 2.52 and a debt-to-equity ratio of 0.35. Axon Enterprise, Inc. has a 1 year low of $212.88 and a 1 year high of $471.00.

Axon Enterprise (NASDAQ:AXON) last issued its quarterly earnings results on Tuesday, August 6th. The biotechnology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.18. The firm had revenue of $504.00 million for the quarter, compared to analyst estimates of $478.35 million. Axon Enterprise had a return on equity of 9.34% and a net margin of 16.06%. The company’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 earnings per share. On average, analysts predict that Axon Enterprise, Inc. will post 1.79 EPS for the current year.

About Axon Enterprise

Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.