Guidance Capital Inc. Makes New Investment in Axon Enterprise, Inc $AXON

Guidance Capital Inc. bought a new stake in shares of Axon Enterprise, Inc (NASDAQ:AXON) in the 2nd quarter, Holdings Channel reports. The firm bought 992 shares of the biotechnology company’s stock, valued at approximately $537,000.

Other hedge funds have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV purchased a new stake in shares of Axon Enterprise in the fourth quarter worth approximately $28,000. Camelot Portfolios LLC bought a new stake in shares of Axon Enterprise during the 4th quarter worth approximately $30,000. AlphaCentric Advisors LLC purchased a new position in Axon Enterprise during the 4th quarter valued at $34,000. Darwin Wealth Management LLC purchased a new position in Axon Enterprise during the 2nd quarter valued at $37,000. Finally, Strive Financial Group LLC purchased a new position in shares of Axon Enterprise during the fourth quarter valued at $41,000. Institutional investors own 79.08% of the company’s stock.

Axon Enterprise Price Performance

Shares of AXON stock opened at $599.78 on Thursday. Axon Enterprise, Inc has a 1-year low of $339.01 and a 1-year high of $794.29. The stock’s 50-day moving average is $521.48 and its 200 day moving average is $473.41. The company has a market cap of $48.73 billion, a P/E ratio of 248.87, a PEG ratio of 12.98 and a beta of 1.39. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.15 and a quick ratio of 1.80.

Axon Enterprise (NASDAQ:AXON) last announced its earnings results on Tuesday, August 4th. The biotechnology company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.04. The business had revenue of $904.39 million during the quarter, compared to the consensus estimate of $876.42 million. Axon Enterprise had a net margin of 6.19% and a return on equity of 2.84%. The firm’s revenue was up 35.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.12 earnings per share. Research analysts predict that Axon Enterprise, Inc will post 1.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AXON has been the topic of several recent research reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, July 21st. UBS Group upped their price target on shares of Axon Enterprise from $440.00 to $600.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Morgan Stanley increased their price objective on shares of Axon Enterprise from $600.00 to $640.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. lifted their price objective on shares of Axon Enterprise from $750.00 to $755.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Barclays boosted their price objective on shares of Axon Enterprise from $523.00 to $688.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Axon Enterprise presently has a consensus rating of “Moderate Buy” and an average price target of $730.92.

Insider Transactions at Axon Enterprise

In related news, insider Isaiah Fields sold 2,000 shares of the business’s 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 completion of the transaction, the insider owned 52,813 shares in the company, valued at $21,125,200. The trade was a 3.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Joshua Isner sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $488.45, for a total transaction of $6,349,850.00. Following the transaction, the president owned 169,125 shares of the company’s stock, valued at approximately $82,609,106.25. This trade represents a 7.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 68,989 shares of company stock worth $36,016,932. 4.20% of the stock is owned by corporate insiders.

More Axon Enterprise News

Here are the key news stories impacting Axon Enterprise this week:

• Positive Sentiment: Connected Devices remain a key growth engine: Strong demand for TASER devices, body cameras and counter-drone equipment is driving rapid growth in Axon’s hardware and connected-products business. This supports the company’s broader ecosystem of cloud software and public-safety services. Will Strength in Connected Devices Unit Continue to Drive AXON’s Growth?
• Positive Sentiment: Recent earnings and AI capabilities support the bullish case: Axon exceeded quarterly expectations with adjusted EPS of $1.88 versus $1.84 expected and revenue of approximately $904.4 million versus $876.4 million expected. Revenue increased 35.3% year over year, while new AI capabilities could improve the value of Axon’s public-safety platform. Axon Public Safety and New AI Capabilities
• Neutral Sentiment: Technical consolidation follows a sharp advance: AXON had been in a strong uptrend and is now consolidating, leaving investors focused on whether the rally can resume or whether the shares need to reset after their recent gains. Is the Axon Rally Over?
• Negative Sentiment: Valuation is the main pressure point: Analysts note that Axon’s strong growth is already reflected in the stock price. With a very high price-to-earnings ratio, even solid results may not be enough to sustain upward momentum, prompting some investors to downgrade the shares or take profits. Axon Q2 Was Strong but Valuation Concerns Remain
• Negative Sentiment: Insider selling adds a modest sentiment headwind: CEO Patrick Smith sold 9,930 shares for approximately $5.45 million under a pre-arranged Rule 10b5-1 plan. The sale represented only about 0.33% of his holdings, so it is not a major change in insider ownership but may reinforce profit-taking concerns.

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.