National Pension Service Sells 96,907 Shares of Axon Enterprise, Inc $AXON

National Pension Service decreased its position in shares of Axon Enterprise, Inc (NASDAQ:AXON) by 49.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 98,859 shares of the biotechnology company’s stock after selling 96,907 shares during the quarter. National Pension Service’s holdings in Axon Enterprise were worth $56,145,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV bought a new position in Axon Enterprise during the 4th quarter worth approximately $28,000. New Millennium Group LLC acquired a new stake in shares of Axon Enterprise during the 3rd quarter worth approximately $29,000. 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 buying an additional 44 shares during the period. Camelot Portfolios LLC acquired a new stake in shares of Axon Enterprise during the 4th quarter worth approximately $30,000. Finally, Lodestone Wealth Management LLC acquired a new stake in shares of Axon Enterprise during the 4th quarter worth approximately $35,000. Institutional investors own 79.08% of the company’s stock.

Axon Enterprise Stock Performance

NASDAQ AXON opened at $448.72 on Friday. The company has a fifty day simple moving average of $407.53 and a 200 day simple moving average of $494.65. Axon Enterprise, Inc has a 12-month low of $339.01 and a 12-month high of $885.91. The company has a current ratio of 2.27, a quick ratio of 1.93 and a debt-to-equity ratio of 0.49. The company has a market cap of $36.17 billion, a P/E ratio of 180.21, a PEG ratio of 8.16 and a beta of 1.44.

Axon Enterprise (NASDAQ:AXON) last posted its quarterly earnings results on Wednesday, May 6th. The biotechnology company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.01. Axon Enterprise had a net margin of 6.90% and a return on equity of 3.78%. The business had revenue of $807.35 million during the quarter, compared to the consensus estimate of $778.91 million. During the same quarter last year, the firm posted $1.47 EPS. Axon Enterprise’s revenue was up 33.7% compared to the same quarter last year. Sell-side analysts predict that Axon Enterprise, Inc will post 1.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on AXON shares. Piper Sandler reduced their price objective on shares of Axon Enterprise from $690.00 to $674.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Citizens Jmp reduced their price objective on shares of Axon Enterprise from $825.00 to $700.00 and set a “market outperform” rating for the company in a research report on Thursday, May 7th. Robert W. Baird set a $800.00 price objective on shares of Axon Enterprise in a research report on Wednesday, February 25th. Wall Street Zen raised shares of Axon Enterprise from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Barclays reduced their price objective on shares of 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 assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Axon Enterprise has an average rating of “Moderate Buy” and an average price target of $712.75.

Insider Buying and Selling at Axon Enterprise

In related news, insider Isaiah Fields sold 2,000 shares of Axon Enterprise stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $400.00, for a total value of $800,000.00. Following the completion of the sale, the insider owned 52,813 shares of the company’s stock, valued at approximately $21,125,200. This trade represents a 3.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Erika Nardini sold 198 shares of Axon Enterprise stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $506.58, for a total transaction of $100,302.84. Following the transaction, the director directly owned 1,946 shares in the company, valued at $985,804.68. This represents a 9.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 3,855 shares of company stock worth $1,837,408. 4.20% of the stock is owned by company insiders.

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.