Glass Jacobson Investment Advisors llc Acquires New Stake in Axon Enterprise, Inc $AXON

Glass Jacobson Investment Advisors llc purchased a new stake in shares of Axon Enterprise, Inc (NASDAQ:AXON) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 317 shares of the biotechnology company’s stock, valued at approximately $262,000.

Several other institutional investors have also recently made changes to their positions in the business. TCTC Holdings LLC raised its holdings in Axon Enterprise by 75.0% in the 1st quarter. TCTC Holdings LLC now owns 56 shares of the biotechnology company’s stock worth $29,000 after purchasing an additional 24 shares during the period. Bartlett & CO. Wealth Management LLC grew its holdings in Axon Enterprise by 132.0% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 58 shares of the biotechnology company’s stock valued at $31,000 after purchasing an additional 33 shares during the period. Banque Transatlantique SA purchased a new stake in Axon Enterprise in the first quarter worth about $31,000. Catalyst Capital Advisors LLC bought a new position in shares of Axon Enterprise in the first quarter worth about $32,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Axon Enterprise during the 1st quarter valued at about $33,000. Institutional investors own 79.08% of the company’s stock.

Insider Activity

In other news, CFO Brittany Bagley sold 5,000 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $713.88, for a total transaction of $3,569,400.00. Following the transaction, the chief financial officer directly owned 93,592 shares of the company’s stock, valued at approximately $66,813,456.96. This represents a 5.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Patrick W. Smith sold 10,000 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $831.29, for a total value of $8,312,900.00. Following the sale, the chief executive officer owned 3,053,982 shares of the company’s stock, valued at approximately $2,538,744,696.78. This represents a 0.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 59,932 shares of company stock worth $45,115,616 over the last 90 days. 4.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

AXON has been the topic of a number of analyst reports. Morgan Stanley set a $885.00 target price on shares of Axon Enterprise and gave the company an “overweight” rating in a research note on Friday, July 11th. Craig Hallum upgraded Axon Enterprise from a “hold” rating to a “buy” rating and set a $900.00 target price for the company in a research report on Tuesday, August 5th. JPMorgan Chase & Co. boosted their price target on Axon Enterprise from $730.00 to $850.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Bank of America increased their price objective on shares of Axon Enterprise from $895.00 to $1,000.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Piper Sandler initiated coverage on shares of Axon Enterprise in a report on Tuesday, September 23rd. They issued an “overweight” rating and a $893.00 target price on the stock. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $841.64.

Axon Enterprise Trading Up 2.7%

AXON opened at $735.95 on Friday. The company has a current ratio of 2.95, a quick ratio of 2.71 and a debt-to-equity ratio of 0.63. The firm has a market cap of $57.77 billion, a price-to-earnings ratio of 181.72, a PEG ratio of 28.58 and a beta of 1.41. Axon Enterprise, Inc has a 12 month low of $422.38 and a 12 month high of $885.91. The stock has a fifty day moving average price of $733.17 and a 200-day moving average price of $725.28.

Axon Enterprise (NASDAQ:AXON) last issued its quarterly earnings data on Monday, August 4th. The biotechnology company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.58. The company had revenue of $668.54 million for the quarter, compared to the consensus estimate of $641.77 million. Axon Enterprise had a return on equity of 6.80% and a net margin of 13.64%.The firm’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 earnings per share. Axon Enterprise has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Axon Enterprise, Inc will post 5.8 earnings per share for the current fiscal year.

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.