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Xponance Inc. Purchases 224 Shares of Axon Enterprise, Inc. (NASDAQ:AXON) – Defense World



Xponance Inc. lifted its position in shares of Axon Enterprise, Inc. (NASDAQ:AXONGet Rating) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,458 shares of the biotechnology company’s stock after acquiring an additional 224 shares during the period. Xponance Inc.’s holdings in Axon Enterprise were worth $1,991,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Retirement Planning Co of New England Inc. bought a new stake in shares of Axon Enterprise during the 4th quarter worth approximately $31,000. Tyler Stone Wealth Management bought a new stake in shares of Axon Enterprise during the 4th quarter worth approximately $32,000. Sageworth Trust Co of South Dakota bought a new position in Axon Enterprise in the 4th quarter valued at approximately $37,000. Bivin & Associates Inc. bought a new position in Axon Enterprise in the 4th quarter valued at approximately $42,000. Finally, Trust Co. of Vermont bought a new position in Axon Enterprise in the 4th quarter valued at approximately $47,000. 72.06% of the stock is owned by institutional investors.

AXON opened at $93.23 on Friday. Axon Enterprise, Inc. has a twelve month low of $82.49 and a twelve month high of $209.00. The company has a quick ratio of 2.18, a current ratio of 2.43 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average of $94.36 and a 200-day moving average of $120.37. The stock has a market cap of $6.62 billion, a PE ratio of 179.29 and a beta of 0.60.

Axon Enterprise (NASDAQ:AXONGet Rating) last issued its earnings results on Tuesday, May 10th. The biotechnology company reported $0.76 earnings per share (EPS) for the quarter. The business had revenue of $256.43 million for the quarter, compared to analyst estimates of $233.57 million. Axon Enterprise had a net margin of 4.62% and a return on equity of 3.90%. Axon Enterprise’s revenue was up 31.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.75) earnings per share. Sell-side analysts anticipate that Axon Enterprise, Inc. will post 1.35 EPS for the current fiscal year.

AXON has been the subject of several research reports. Northland Securities dropped their price objective on shares of Axon Enterprise from $180.00 to $130.00 in a research note on Thursday, May 12th. StockNews.com raised shares of Axon Enterprise from a “hold” rating to a “buy” rating in a research note on Saturday, June 18th. Credit Suisse Group initiated coverage on shares of Axon Enterprise in a research note on Monday, May 9th. They issued an “outperform” rating and a $169.00 price objective for the company. Morgan Stanley downgraded shares of Axon Enterprise from an “overweight” rating to an “equal weight” rating and set a $120.00 price objective for the company. in a research note on Monday, May 23rd. Finally, Robert W. Baird decreased their price target on shares of Axon Enterprise from $145.00 to $125.00 in a research report on Wednesday, May 11th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Axon Enterprise has a consensus rating of “Buy” and an average price target of $172.89.

In related news, Director Mark W. Kroll sold 3,159 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $102.82, for a total transaction of $324,808.38. Following the transaction, the director now directly owns 13,691 shares of the company’s stock, valued at $1,407,708.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jawad A. Ahsan sold 4,840 shares of the firm’s stock in a transaction dated Tuesday, April 5th. The shares were sold at an average price of $141.17, for a total transaction of $683,262.80. Following the transaction, the chief financial officer now directly owns 360,019 shares in the company, valued at $50,823,882.23. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by company insiders.

Axon Enterprise Profile (Get Rating)

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, TASER, and Software and Sensors. 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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Institutional Ownership by Quarter for Axon Enterprise (NASDAQ:AXON)



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