Daiwa Securities Group Inc. Buys 1,131 Shares of Axon Enterprise, Inc $AXON

Daiwa Securities Group Inc. boosted its stake in Axon Enterprise, Inc (NASDAQ:AXON) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,234 shares of the biotechnology company’s stock after acquiring an additional 1,131 shares during the period. Daiwa Securities Group Inc.’s holdings in Axon Enterprise were worth $14,332,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. New Millennium Group LLC bought a new stake in Axon Enterprise in the third quarter worth about $29,000. Darwin Wealth Management LLC bought a new stake in Axon Enterprise in the second quarter worth about $37,000. Creative Financial Designs Inc. ADV bought a new stake in Axon Enterprise in the fourth quarter worth about $28,000. Sound Income Strategies LLC raised its position in shares of Axon Enterprise by 550.0% in the fourth quarter. Sound Income Strategies LLC now owns 52 shares of the biotechnology company’s stock valued at $30,000 after purchasing an additional 44 shares during the period. Finally, Camelot Portfolios LLC bought a new stake in shares of Axon Enterprise in the fourth quarter valued at approximately $30,000. Institutional investors own 79.08% of the company’s stock.

Insider Activity at Axon Enterprise

In other news, Director Caitlin Elizabeth Kalinowski sold 564 shares of Axon Enterprise stock in a transaction on Monday, June 1st. The shares were sold at an average price of $478.97, for a total transaction of $270,139.08. Following the completion of the sale, the director directly owned 3,632 shares of the company’s stock, valued at approximately $1,739,619.04. The trade was a 13.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeri Williams sold 629 shares of Axon Enterprise stock in a transaction on Monday, June 1st. The stock was sold at an average price of $469.64, for a total transaction of $295,403.56. Following the sale, the director directly owned 1,141 shares of the company’s stock, valued at $535,859.24. This represents a 35.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 3,548 shares of company stock valued at $1,542,775. 4.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

AXON has been the topic of several research reports. Wall Street Zen raised shares of Axon Enterprise from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Royal Bank Of Canada lowered their price target on shares of Axon Enterprise from $860.00 to $735.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Barclays decreased their target price on shares of Axon Enterprise from $682.00 to $523.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Citigroup reaffirmed a “buy” rating on shares of Axon Enterprise in a report on Wednesday, February 25th. Finally, Piper Sandler decreased their target price on shares of Axon Enterprise from $690.00 to $674.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $712.75.

Key Axon Enterprise News

Here are the key news stories impacting Axon Enterprise this week:

• Positive Sentiment: Axon’s real-time translation technology was rolled out at the Calgary Police Service, a reminder that the company continues to win new public-safety deployments and expand its international footprint. Axon real-time translation rolls out at Calgary Police Service in Canadian debut
• Positive Sentiment: Recent earnings momentum remains a support for the stock, with Axon trading well above its post-earnings level and analysts still watching for continued growth after another strong quarterly report. Axon (AXON) Up 20.2% Since Last Earnings Report: Can It Continue?
• Neutral Sentiment: Analyst commentary on Axon was included in a broader industrial-goods roundup, but the headline did not indicate a major new catalyst for the stock. Analysts Offer Insights on Industrial Goods Companies: United Rentals (URI), ArcBest (ARCB) and Axon Enterprise (AXON)
• Neutral Sentiment: Insider-trading coverage highlighted recent Axon insider activity, which can attract attention but does not by itself confirm a change in fundamentals. Diamondback, Seagate, ZIM, Credo, Axon Insider Shakeup
• Negative Sentiment: Jim Cramer said Axon trades at a very high earnings multiple, reinforcing investor concerns that the stock’s valuation may be stretched. Jim Cramer on Axon: “It Sells at a Very High Price to Earnings Multiple”
• Negative Sentiment: Motorola’s $1.5 billion D-Fend acquisition revived competition concerns in public safety technology, potentially increasing pressure on Axon’s market share and long-term growth narrative. Motorola’s $1.5 Billion D-Fend Acquisition Reignites Its Direct Competition with Axon Enterprises

Axon Enterprise Price Performance

Shares of NASDAQ:AXON opened at $486.12 on Friday. The company’s fifty day moving average price is $408.04 and its 200-day moving average price is $491.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.27 and a quick ratio of 1.93. The firm has a market capitalization of $39.18 billion, a price-to-earnings ratio of 195.23, a PEG ratio of 8.84 and a beta of 1.45. Axon Enterprise, Inc has a one year low of $339.01 and a one year high of $885.91.

Axon Enterprise (NASDAQ:AXON) last posted its quarterly earnings data on Wednesday, May 6th. The biotechnology company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.01. Axon Enterprise had a net margin of 6.90% and a return on equity of 3.78%. The company had revenue of $807.35 million during the quarter, compared to the consensus estimate of $778.91 million. During the same period in the previous year, the firm posted $1.47 EPS. The firm’s revenue was up 33.7% compared to the same quarter last year. On average, equities research analysts anticipate that Axon Enterprise, Inc will post 1.82 earnings per share for the current fiscal year.

Axon Enterprise 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.