Westside Investment Management Inc. Acquires 2,146 Shares of Axon Enterprise, Inc $AXON

Westside Investment Management Inc. lifted its holdings in shares of Axon Enterprise, Inc (NASDAQ:AXON) by 330.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,796 shares of the biotechnology company’s stock after buying an additional 2,146 shares during the period. Westside Investment Management Inc.’s holdings in Axon Enterprise were worth $1,181,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Keating Financial Advisory Services Inc. bought a new stake in Axon Enterprise during the second quarter worth about $31,000. Washington Trust Advisors Inc. boosted its position in Axon Enterprise by 1,300.0% during the second quarter. Washington Trust Advisors Inc. now owns 70 shares of the biotechnology company’s stock valued at $39,000 after purchasing an additional 65 shares during the last quarter. M & L Capital Management Ltd bought a new position in Axon Enterprise in the third quarter valued at approximately $30,000. Wealth Enhancement Trust Services Inc. bought a new position in Axon Enterprise in the third quarter valued at approximately $33,000. Finally, Delos Wealth Advisors LLC bought a new position in Axon Enterprise in the second quarter valued at approximately $45,000. Institutional investors own 79.08% of the company’s stock.

Key Headlines Impacting Axon Enterprise

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

• Positive Sentiment: Axon reported record Q3 revenue of $909 million, up 28% year over year, and returned to net income. Adjusted EBITDA rose 33% to $236 million. Axon Q3 results
• Positive Sentiment: Growth in newer offerings was strong: Drone as First Responder software and services revenue grew 43%, Platform Solutions revenue climbed 106%, and AI annual recurring revenue exceeded $100 million. Axon Q3 results
• Positive Sentiment: Axon invested an additional $1.2 billion in Skydio, raising its stake to 37% and making it Skydio’s exclusive public-safety distributor in the U.S. and Canada. The deal could strengthen Axon’s drone-response offering, though it requires substantial capital. Axon Skydio investment
• Negative Sentiment: Q3 adjusted earnings of $1.72 per share and revenue of about $909 million both missed analyst estimates, despite solid year-over-year growth. Q3 earnings and revenue miss
• Negative Sentiment: Axon’s Q4 revenue outlook of $990 million–$1.0 billion was below the roughly $1.1 billion consensus, while its full-year 2026 revenue outlook of $3.6 billion also trailed expectations of about $3.7 billion. Revenue outlook and Skydio investment
• Negative Sentiment: Zacks Research downgraded Axon from “strong buy” to “hold.” A lawsuit over the company’s AI-powered license-plate-reader network also presents potential legal uncertainty. License plate reader lawsuit

Axon Enterprise Trading Down 9.8%

Axon Enterprise stock opened at $382.56 on Friday. Axon Enterprise, Inc has a 52 week low of $339.01 and a 52 week high of $665.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.80 and a current ratio of 2.15. The stock has a market capitalization of $31.08 billion, a P/E ratio of 158.74, a PEG ratio of 8.06 and a beta of 1.48. The stock has a 50-day simple moving average of $447.49 and a 200 day simple moving average of $476.73.

Axon Enterprise (NASDAQ:AXON) last announced its quarterly earnings results on Thursday, November 5th. The biotechnology company reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.17). The business had revenue of $908.55 million for the quarter, compared to analyst estimates of $934.33 million. Axon Enterprise had a return on equity of 2.84% and a net margin of 6.19%. Axon Enterprise’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period last year, the firm earned $1.17 EPS. Analysts expect that Axon Enterprise, Inc will post 2.10 earnings per share for the current year.

Analyst Ratings Changes

AXON has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Axon Enterprise in a research report on Tuesday. Royal Bank Of Canada reissued an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, July 21st. TD Cowen decreased their target price on shares of Axon Enterprise from $825.00 to $800.00 and set a “buy” rating for the company in a research note on Monday, October 26th. Citigroup reissued a “market outperform” rating on shares of Axon Enterprise in a research note on Monday. Finally, Needham & Company LLC restated a “buy” rating on shares of Axon Enterprise in a report on Tuesday, October 27th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $688.38.

Insiders Place Their Bets

In related news, President Joshua Isner sold 16,775 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $574.43, for a total value of $9,636,063.25. Following the sale, the president owned 296,974 shares in the company, valued at approximately $170,590,774.82. This represents a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Patrick W. Smith sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $508.99, for a total value of $5,089,900.00. Following the sale, the chief executive officer directly owned 3,118,012 shares of the company’s stock, valued at $1,587,036,927.88. This represents a 0.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 37,397 shares of company stock valued at $21,234,034. 4.20% of the stock is owned by 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.