Axon Enterprise, Inc $AXON Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its stake in shares of Axon Enterprise, Inc (NASDAQ:AXON - Free Report) by 1,299.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,758 shares of the biotechnology company's stock after purchasing an additional 6,275 shares during the quarter. Farther Finance Advisors LLC's holdings in Axon Enterprise were worth $5,596,000 at the end of the most recent quarter.

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A number of other large investors have also modified their holdings of AXON. Brighton Jones LLC purchased a new stake in Axon Enterprise during the 4th quarter worth $480,000. Woodline Partners LP purchased a new position in Axon Enterprise in the 4th quarter valued at about $2,929,000. Waverly Advisors LLC acquired a new stake in shares of Axon Enterprise during the fourth quarter valued at about $596,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Axon Enterprise during the fourth quarter worth about $30,000. Finally, GF Fund Management CO. LTD. acquired a new position in shares of Axon Enterprise in the fourth quarter worth about $4,656,000. Institutional investors and hedge funds own 79.08% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on AXON. Morgan Stanley set a $885.00 price objective on Axon Enterprise and gave the company an "overweight" rating in a research note on Friday, July 11th. Needham & Company LLC set a $870.00 price target on shares of Axon Enterprise and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Raymond James Financial restated an "outperform" rating and issued a $855.00 price target (up previously from $645.00) on shares of Axon Enterprise in a research note on Tuesday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of Axon Enterprise from $730.00 to $850.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Finally, Zacks Research lowered shares of Axon Enterprise from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 2nd. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Axon Enterprise has a consensus rating of "Moderate Buy" and a consensus target price of $837.69.

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Read Our Latest Report on AXON

Insider Transactions at Axon Enterprise

In other news, Director Jeri Williams sold 100 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $752.54, for a total transaction of $75,254.00. Following the transaction, the director owned 1,416 shares in the company, valued at approximately $1,065,596.64. The trade was a 6.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Patrick W. Smith sold 10,000 shares of the business's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $743.64, for a total value of $7,436,400.00. Following the sale, the chief executive officer owned 3,043,982 shares in the company, valued at approximately $2,263,626,774.48. This represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,932 shares of company stock worth $34,408,816. Insiders own 4.40% of the company's stock.

Axon Enterprise Price Performance

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Shares of Axon Enterprise stock opened at $774.53 on Friday. The company has a current ratio of 2.95, a quick ratio of 2.71 and a debt-to-equity ratio of 0.63. The firm has a fifty day simple moving average of $759.97 and a 200-day simple moving average of $695.31. The stock has a market capitalization of $60.80 billion, a price-to-earnings ratio of 191.24, a PEG ratio of 28.43 and a beta of 1.40. Axon Enterprise, Inc has a 1-year low of $387.06 and a 1-year high of $885.91.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last released its earnings results on Monday, August 4th. The biotechnology company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.58. The firm had revenue of $668.54 million during the quarter, compared to analyst estimates of $641.77 million. Axon Enterprise had a net margin of 13.64% and a return on equity of 6.80%. The business's revenue was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 EPS. Axon Enterprise has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Axon Enterprise, Inc will post 5.8 earnings per share for the current year.

Axon Enterprise Company Profile

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.

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