Miles Capital Inc. purchased a new stake in Axon Enterprise Inc (NASDAQ:AAXN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,577 shares of the industrial products company’s stock, valued at approximately $230,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in AAXN. Bridge City Capital LLC raised its stake in shares of Axon Enterprise by 0.5% in the second quarter. Bridge City Capital LLC now owns 33,117 shares of the industrial products company’s stock valued at $2,126,000 after purchasing an additional 163 shares in the last quarter. Freestone Capital Holdings LLC acquired a new position in shares of Axon Enterprise in the first quarter valued at $5,446,000. AGF Investments LLC raised its stake in shares of Axon Enterprise by 5.1% in the second quarter. AGF Investments LLC now owns 4,610 shares of the industrial products company’s stock valued at $296,000 after purchasing an additional 222 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Axon Enterprise by 9.3% in the second quarter. Parallel Advisors LLC now owns 2,977 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 254 shares in the last quarter. Finally, Brighton Jones LLC raised its stake in shares of Axon Enterprise by 0.7% in the second quarter. Brighton Jones LLC now owns 40,488 shares of the industrial products company’s stock valued at $2,600,000 after purchasing an additional 269 shares in the last quarter. 83.99% of the stock is owned by institutional investors and hedge funds.
Axon Enterprise stock traded up $1.07 during mid-day trading on Friday, hitting $65.44. 19,814 shares of the company were exchanged, compared to its average volume of 577,974. The business has a fifty day moving average of $62.80 and a 200 day moving average of $62.07. Axon Enterprise Inc has a 1-year low of $39.43 and a 1-year high of $74.93. The company has a market capitalization of $3.59 billion, a PE ratio of 130.76, a price-to-earnings-growth ratio of 7.92 and a beta of 0.71.
Axon Enterprise (NASDAQ:AAXN) last released its quarterly earnings data on Thursday, August 8th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.05). Axon Enterprise had a return on equity of 3.19% and a net margin of 3.34%. The company had revenue of $112.36 million for the quarter, compared to analyst estimates of $115.41 million. During the same quarter in the prior year, the company earned $0.18 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. Research analysts anticipate that Axon Enterprise Inc will post 0.51 earnings per share for the current year.
AAXN has been the subject of a number of recent research reports. TheStreet lowered Axon Enterprise from a “b-” rating to a “c+” rating in a research note on Wednesday, July 10th. Zacks Investment Research lowered Axon Enterprise from a “buy” rating to a “sell” rating in a research note on Wednesday, August 14th. Needham & Company LLC lowered Axon Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. BidaskClub upgraded Axon Enterprise from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $81.00 price objective (up from $73.00) on shares of Axon Enterprise in a research note on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $72.22.
In other news, Director Julie A. Cullivan sold 1,360 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $57.86, for a total transaction of $78,689.60. Following the sale, the director now owns 7,815 shares in the company, valued at $452,175.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by corporate insiders.
Axon Enterprise Profile
Axon Enterprise, Inc develops, manufactures, and sells conducted energy weapons (CEWs) worldwide. The company operates through two segments, TASER and Software and Sensors. It offers TASER X26P, TASER X2, TASER 7, and TASER Pulse and Bolt CEWs; and related cartridges. The company also provides on-officer body cameras and Axon Fleet in-car video systems; and Axon Evidence connected software network; Axon Records cloud-based records management system; Axon Signal enabled devices; and computer-aided dispatch software, as well as Axon docks, cartridges, and batteries.
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