4,800 Shares in Axon Enterprise, Inc. (NASDAQ:AXON) Acquired by MBB Public Markets I LLC

MBB Public Markets I LLC acquired a new position in Axon Enterprise, Inc. (NASDAQ:AXON) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,800 shares of the biotechnology company’s stock, valued at approximately $1,412,000.

Other institutional investors have also added to or reduced their stakes in the company. Avantax Advisory Services Inc. grew its stake in Axon Enterprise by 0.8% during the first quarter. Avantax Advisory Services Inc. now owns 5,302 shares of the biotechnology company’s stock worth $1,659,000 after buying an additional 40 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of Axon Enterprise by 5.1% during the first quarter. Brookstone Capital Management now owns 839 shares of the biotechnology company’s stock worth $263,000 after buying an additional 41 shares in the last quarter. CWM LLC raised its position in Axon Enterprise by 1.5% in the 2nd quarter. CWM LLC now owns 2,820 shares of the biotechnology company’s stock valued at $830,000 after buying an additional 43 shares during the last quarter. Wealthspan Partners LLC lifted its stake in Axon Enterprise by 4.9% in the 2nd quarter. Wealthspan Partners LLC now owns 965 shares of the biotechnology company’s stock valued at $284,000 after acquiring an additional 45 shares in the last quarter. Finally, Burns Matteson Capital Management LLC boosted its holdings in Axon Enterprise by 6.7% during the second quarter. Burns Matteson Capital Management LLC now owns 730 shares of the biotechnology company’s stock worth $215,000 after purchasing an additional 46 shares during the last quarter. 79.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Michael Garnreiter sold 1,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $380.99, for a total value of $380,990.00. Following the completion of the sale, the director now directly owns 27,259 shares in the company, valued at $10,385,406.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Axon Enterprise news, Director Michael Garnreiter sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $380.99, for a total transaction of $380,990.00. Following the completion of the transaction, the director now owns 27,259 shares in the company, valued at approximately $10,385,406.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Brittany Bagley sold 4,338 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $378.95, for a total transaction of $1,643,885.10. Following the completion of the sale, the chief financial officer now directly owns 98,825 shares in the company, valued at $37,449,733.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 317,981 shares of company stock valued at $115,662,734. Insiders own 6.10% of the company’s stock.

Axon Enterprise Stock Up 0.5 %

Shares of NASDAQ:AXON opened at $395.34 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.52 and a current ratio of 2.88. Axon Enterprise, Inc. has a 52-week low of $190.01 and a 52-week high of $398.74. The company has a market capitalization of $29.88 billion, a PE ratio of 115.60, a price-to-earnings-growth ratio of 10.55 and a beta of 0.94. The company has a fifty day moving average of $356.27 and a 200-day moving average of $320.16.

Axon Enterprise (NASDAQ:AXON) last released its quarterly earnings results on Tuesday, August 6th. The biotechnology company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.18. The company had revenue of $504.00 million for the quarter, compared to analysts’ expectations of $478.35 million. Axon Enterprise had a return on equity of 9.34% and a net margin of 16.06%. The business’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 earnings per share. On average, equities analysts predict that Axon Enterprise, Inc. will post 1.79 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on AXON shares. Bank of America started coverage on Axon Enterprise in a research note on Wednesday, July 17th. They issued a “buy” rating and a $380.00 price target for the company. Northland Securities lifted their price target on Axon Enterprise from $330.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Barclays boosted their price objective on shares of Axon Enterprise from $381.00 to $387.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. JMP Securities increased their target price on Axon Enterprise from $375.00 to $430.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. Finally, Craig Hallum increased their price objective on shares of Axon Enterprise from $370.00 to $376.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $365.38.

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.