Axon Enterprise, Inc $AXON Stock Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC lifted its position in Axon Enterprise, Inc (NASDAQ:AXON) by 1,652.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 142,492 shares of the biotechnology company’s stock after acquiring an additional 134,359 shares during the period. Axon Enterprise makes up 1.6% of Sowell Financial Services LLC’s investment portfolio, making the stock its 9th largest position. Sowell Financial Services LLC’s holdings in Axon Enterprise were worth $60,206,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC lifted its position in Axon Enterprise by 1,844.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 77,126 shares of the biotechnology company’s stock valued at $32,587,000 after purchasing an additional 73,160 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in Axon Enterprise by 851.6% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 3,464 shares of the biotechnology company’s stock worth $1,464,000 after purchasing an additional 3,100 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Axon Enterprise by 15,688.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 816,252 shares of the biotechnology company’s stock worth $344,883,000 after purchasing an additional 811,082 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Axon Enterprise by 391,214.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 6,988,884 shares of the biotechnology company’s stock worth $2,952,943,000 after purchasing an additional 6,987,098 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its position in Axon Enterprise by 61,418.0% in the 3rd quarter. Diversify Advisory Services LLC now owns 433,087 shares of the biotechnology company’s stock worth $182,988,000 after purchasing an additional 432,383 shares during the last quarter. 79.08% of the stock is currently owned by institutional investors.

More Axon Enterprise News

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

• Positive Sentiment: Axon is expected to report third-quarter results soon, with analysts anticipating a substantial year-over-year increase in earnings per share. The earnings preview may be supporting optimism about continued revenue and profit growth. Earnings Preview: What to Expect From Axon Enterprise’s Report
• Positive Sentiment: Bloomington approved an expanded agreement with Axon for policing technology, while the Reno City Council is set to vote on a proposed $22 million deal. Additional municipal contracts could reinforce Axon’s recurring-revenue model and strengthen demand for its connected hardware and cloud software. Bloomington council OKs expanded agreement with Axon for policing technology City of Reno council to vote on $22M Axon tech deal
• Positive Sentiment: Commentary from The Motley Fool describes Axon as a potential buy after a roughly 54% decline, arguing that recent pressure appears largely short-term and that the company retains a dominant position in public safety. Down 54%, This Tech Stock Looks Like a Buy With or Without AI
• Neutral Sentiment: Piper Sandler maintained an “overweight” rating but reduced its AXON price target from $732 to $561. The target cut signals more cautious near-term expectations, although it still implies significant potential upside based on the cited trading level.
• Neutral Sentiment: A comparison with Arista Networks emphasizes Axon’s integrated hardware-and-cloud platform and strong public-safety market position, but it is an opinion piece rather than a new company-specific catalyst. Arista Networks vs. Axon Enterprise
• Neutral Sentiment: Reports concerning an “Axon Graphite” spin-out by Lithium Energy and a reverse stock split by Axonex AI Group are unrelated to Axon Enterprise, Inc. (AXON) and should not affect its shares.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Piper Sandler decreased their price objective on Axon Enterprise from $732.00 to $561.00 and set an “overweight” rating for the company in a report on Tuesday. Citigroup reaffirmed a “market outperform” rating on shares of Axon Enterprise in a research note on Thursday, September 17th. TD Cowen reaffirmed a “buy” rating on shares of Axon Enterprise in a research note on Tuesday, October 13th. UBS Group boosted their price target on Axon Enterprise from $440.00 to $600.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Axon Enterprise in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Axon Enterprise presently has an average rating of “Moderate Buy” and an average target price of $707.07.

Axon Enterprise Stock Performance

AXON opened at $392.64 on Wednesday. The firm has a market cap of $31.90 billion, a PE ratio of 162.92, a P/E/G ratio of 7.21 and a beta of 1.44. The company has a quick ratio of 1.80, a current ratio of 2.15 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $492.46 and a 200-day simple moving average of $474.34. Axon Enterprise, Inc has a fifty-two week low of $339.01 and a fifty-two week high of $764.02.

Axon Enterprise (NASDAQ:AXON) last posted its quarterly earnings data on Wednesday, August 5th. The biotechnology company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.04. Axon Enterprise had a net margin of 6.19% and a return on equity of 2.84%. The company had revenue of $904.39 million during the quarter, compared to analyst estimates of $876.42 million. During the same period in the prior year, the firm earned $2.12 earnings per share. The business’s quarterly revenue was up 35.3% on a year-over-year basis. As a group, equities analysts predict that Axon Enterprise, Inc will post 2.12 EPS for the current fiscal year.

Insider Activity at Axon Enterprise

In other news, CEO Patrick W. Smith sold 10,000 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $508.99, for a total transaction of $5,089,900.00. Following the transaction, the chief executive officer owned 3,118,012 shares in the company, valued at $1,587,036,927.88. This represents a 0.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Isaiah Fields sold 1,017 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $480.45, for a total value of $488,617.65. Following the transaction, the insider owned 56,264 shares in the company, valued at approximately $27,032,038.80. This trade represents a 1.78% 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. Insiders have sold 47,397 shares of company stock worth $26,722,984 in the last quarter. 4.20% of the stock is owned by corporate insiders.

Axon Enterprise Profile

Axon Enterprise, Inc develops technology and connected products for public safety organizations. The company’s portfolio includes TASER conducted-energy weapons, body-worn cameras, in-car cameras, and related hardware designed to support law enforcement, corrections, security, and other emergency-response professionals.

Axon also provides cloud-based software for managing digital evidence, records, workflows, real-time operations, investigations, and communications. Its platform is intended to connect hardware, software, and services across the public-safety ecosystem, helping agencies collect, store, analyze, and share operational information.

The company was founded in 1993 as TASER International by Rick Smith and Tom Smith and adopted the name Axon Enterprise in 2017 as it expanded beyond conducted-energy weapons into a broader technology platform.