Axon Enterprise, Inc. (NASDAQ:AXON) Shares Purchased by Pinion Investment Advisors LLC

Pinion Investment Advisors LLC raised its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 3.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 649 shares of the biotechnology company’s stock after acquiring an additional 19 shares during the period. Pinion Investment Advisors LLC’s holdings in Axon Enterprise were worth $341,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AXON. Fourth Dimension Wealth LLC acquired a new position in Axon Enterprise in the 4th quarter valued at about $30,000. Elequin Capital LP acquired a new position in Axon Enterprise in the 4th quarter valued at about $46,000. CoreFirst Bank & Trust acquired a new position in Axon Enterprise in the 4th quarter valued at about $59,000. Global Financial Private Client LLC boosted its holdings in Axon Enterprise by 11,100.0% in the 1st quarter. Global Financial Private Client LLC now owns 112 shares of the biotechnology company’s stock valued at $59,000 after purchasing an additional 111 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in Axon Enterprise in the 1st quarter valued at about $77,000. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AXON. The Goldman Sachs Group boosted their price target on shares of Axon Enterprise from $730.00 to $830.00 and gave the company a “buy” rating in a research note on Wednesday, May 14th. Bank of America boosted their price target on shares of Axon Enterprise from $750.00 to $895.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Needham & Company LLC boosted their price target on shares of Axon Enterprise from $600.00 to $750.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Northcoast Research downgraded shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. Finally, Craig Hallum lowered Axon Enterprise from a “buy” rating to a “cautious” rating in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Axon Enterprise has an average rating of “Moderate Buy” and a consensus target price of $699.55.

Insider Buying and Selling

In related news, CEO Patrick W. Smith sold 10,000 shares of the business’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $540.99, for a total transaction of $5,409,900.00. Following the completion of the sale, the chief executive officer now owns 3,063,982 shares of the company’s stock, valued at $1,657,583,622.18. This represents a 0.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeri Williams sold 307 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $552.72, for a total transaction of $169,685.04. Following the sale, the director now directly owns 1,627 shares of the company’s stock, valued at approximately $899,275.44. This represents a 15.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,969 shares of company stock valued at $29,909,594 in the last quarter. Company insiders own 4.40% of the company’s stock.

Axon Enterprise Stock Up 0.7%

Shares of AXON opened at $780.63 on Friday. The firm has a market cap of $60.77 billion, a PE ratio of 201.71, a price-to-earnings-growth ratio of 5.17 and a beta of 1.29. The company’s fifty day moving average is $669.47 and its two-hundred day moving average is $621.53. Axon Enterprise, Inc. has a fifty-two week low of $279.02 and a fifty-two week high of $806.64. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32.

Axon Enterprise (NASDAQ:AXON) last posted its earnings results on Wednesday, May 7th. The biotechnology company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.07. The business had revenue of $603.63 million for the quarter, compared to analyst estimates of $585.67 million. Axon Enterprise had a net margin of 15.37% and a return on equity of 7.50%. The business’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.15 EPS. Analysts forecast that Axon Enterprise, Inc. will post 5.8 earnings per share 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.