California State Teachers Retirement System Sells 1,876 Shares of Axon Enterprise, Inc $AXON

California State Teachers Retirement System lessened its holdings in shares of Axon Enterprise, Inc (NASDAQ:AXON) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,567 shares of the biotechnology company’s stock after selling 1,876 shares during the quarter. California State Teachers Retirement System owned approximately 0.14% of Axon Enterprise worth $49,080,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Creative Financial Designs Inc. ADV acquired a new stake in shares of Axon Enterprise in the fourth quarter valued at approximately $28,000. Sound Income Strategies LLC increased its holdings in shares of Axon Enterprise by 550.0% during the 4th quarter. Sound Income Strategies LLC now owns 52 shares of the biotechnology company’s stock worth $30,000 after acquiring an additional 44 shares during the last quarter. Camelot Portfolios LLC acquired a new position in shares of Axon Enterprise in the fourth quarter valued at $30,000. AlphaCentric Advisors LLC acquired a new position in Axon Enterprise in the 4th quarter valued at about $34,000. Finally, Lodestone Wealth Management LLC acquired a new position in shares of Axon Enterprise in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 79.08% of the company’s stock.

Insider Buying and Selling at Axon Enterprise

In other Axon Enterprise news, CEO Patrick W. Smith sold 10,000 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $643.79, for a total transaction of $6,437,900.00. Following the sale, the chief executive officer directly owned 3,040,997 shares in the company, valued at $1,957,763,458.63. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Cameron Brooks sold 1,242 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $500.00, for a total transaction of $621,000.00. Following the completion of the transaction, the executive directly owned 49,710 shares in the company, valued at approximately $24,855,000. This represents a 2.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 58,989 shares of company stock valued at $30,527,983 over the last three months. 4.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on AXON shares. Needham & Company LLC lifted their price target on Axon Enterprise from $600.00 to $750.00 and gave the stock a “buy” rating in a report on Monday, July 6th. UBS Group lowered their price objective on Axon Enterprise from $570.00 to $440.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Royal Bank Of Canada reissued an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, July 21st. Zacks Research cut shares of Axon Enterprise from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Finally, TD Cowen reissued a “buy” rating on shares of Axon Enterprise in a research report on Wednesday, July 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $725.25.

Axon Enterprise Stock Performance

NASDAQ:AXON opened at $525.30 on Friday. The company has a market cap of $42.34 billion, a price-to-earnings ratio of 210.96, a PEG ratio of 10.84 and a beta of 1.38. Axon Enterprise, Inc has a fifty-two week low of $339.01 and a fifty-two week high of $885.91. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.93 and a current ratio of 2.27. The stock has a fifty day moving average price of $494.25 and a 200-day moving average price of $476.25.

Axon Enterprise (NASDAQ:AXON) last issued its quarterly earnings results on Wednesday, May 6th. The biotechnology company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.01. The company had revenue of $807.35 million for the quarter, compared to analysts’ expectations of $778.90 million. Axon Enterprise had a return on equity of 3.78% and a net margin of 6.90%.Axon Enterprise’s revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the business earned $1.47 earnings per share. As a group, equities analysts anticipate that Axon Enterprise, Inc will post 1.63 EPS for the current fiscal year.

Axon Enterprise Company Profile

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.