9,300 Shares in Axon Enterprise, Inc $AXON Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in shares of Axon Enterprise, Inc (NASDAQ:AXON) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 9,300 shares of the biotechnology company’s stock, valued at approximately $3,950,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Creative Financial Designs Inc. ADV bought a new position in shares of Axon Enterprise during the fourth quarter valued at approximately $28,000. Sound Income Strategies LLC grew its stake in shares of Axon Enterprise by 550.0% in 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 last quarter. Camelot Portfolios LLC purchased a new stake in shares of Axon Enterprise in the 4th quarter worth approximately $30,000. AlphaCentric Advisors LLC bought a new position in Axon Enterprise during the 4th quarter valued at approximately $34,000. Finally, Lodestone Wealth Management LLC bought a new position in Axon Enterprise during the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AXON. Barclays lowered their price target 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. TD Cowen reduced their price objective on shares of Axon Enterprise from $950.00 to $825.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. The Goldman Sachs Group set a $535.00 target price on shares of Axon Enterprise in a report on Thursday, May 7th. Morgan Stanley set a $600.00 target price on shares of Axon Enterprise in a research note on Thursday, May 7th. Finally, Wall Street Zen raised shares of Axon Enterprise from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $712.75.

Axon Enterprise Price Performance

NASDAQ AXON opened at $465.12 on Friday. Axon Enterprise, Inc has a one year low of $339.01 and a one year high of $885.91. The stock has a 50-day moving average of $420.65 and a 200 day moving average of $482.08. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.93 and a current ratio of 2.27. The company has a market capitalization of $37.49 billion, a price-to-earnings ratio of 186.79, a PEG ratio of 8.45 and a beta of 1.45.

Axon Enterprise (NASDAQ:AXON) last posted its 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. The business had revenue of $807.35 million for the quarter, compared to analysts’ expectations of $778.90 million. Axon Enterprise had a net margin of 6.90% and a return on equity of 3.78%. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.47 EPS. On average, sell-side analysts forecast that Axon Enterprise, Inc will post 1.63 EPS for the current year.

Insider Activity

In other news, President Joshua Isner sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $488.45, for a total transaction of $6,349,850.00. Following the completion of the transaction, the president directly owned 169,125 shares of the company’s stock, valued at $82,609,106.25. The trade was a 7.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Isaiah Fields sold 2,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $400.00, for a total transaction of $800,000.00. Following the transaction, the insider owned 52,813 shares in the company, valued at approximately $21,125,200. This trade represents a 3.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 38,989 shares of company stock valued at $19,090,083 over the last three months. Corporate insiders own 4.20% of the company’s stock.

About Axon Enterprise

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.