Axon Enterprise, Inc $AXON Stock: Cornerstone Wealth Management LLC Raises Holdings

Cornerstone Wealth Management LLC raised its position in shares of Axon Enterprise, Inc (NASDAQ:AXON) by 7,632.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,454 shares of the biotechnology company’s stock after acquiring an additional 56,711 shares during the period. Axon Enterprise makes up approximately 1.0% of Cornerstone Wealth Management LLC’s investment portfolio, making the stock its 13th largest position. Cornerstone Wealth Management LLC owned about 0.07% of Axon Enterprise worth $24,275,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Csenge Advisory Group grew its holdings in Axon Enterprise by 10,535.0% in the 3rd quarter. Csenge Advisory Group now owns 122,515 shares of the biotechnology company’s stock valued at $51,765,000 after buying an additional 121,363 shares in the last quarter. New York Life Investment Management LLC increased its position in Axon Enterprise by 4,560.7% during the 3rd quarter. New York Life Investment Management LLC now owns 633,710 shares of the biotechnology company’s stock worth $267,755,000 after buying an additional 620,113 shares during the period. 71 West Capital Partners increased its position in Axon Enterprise by 1,266.0% during the 3rd quarter. 71 West Capital Partners now owns 19,042 shares of the biotechnology company’s stock worth $8,046,000 after buying an additional 17,648 shares during the period. Pinion Investment Advisors LLC lifted its holdings in shares of Axon Enterprise by 991.3% during the third quarter. Pinion Investment Advisors LLC now owns 6,548 shares of the biotechnology company’s stock worth $2,767,000 after buying an additional 5,948 shares in the last quarter. Finally, Fairscale Capital LLC acquired a new stake in shares of Axon Enterprise during the third quarter worth $3,116,000. Institutional investors own 79.08% of the company’s stock.

Insider Activity

In other Axon Enterprise news, President Joshua Isner sold 16,775 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $574.43, for a total value of $9,636,063.25. Following the transaction, the president directly owned 296,974 shares of the company’s stock, valued at $170,590,774.82. This trade represents a 5.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Isaiah Fields sold 1,017 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $480.45, for a total transaction of $488,617.65. Following the completion of the transaction, the insider owned 56,264 shares of the company’s stock, valued at $27,032,038.80. The trade was a 1.78% decrease in their ownership of the stock. 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 three months, insiders sold 37,397 shares of company stock worth $21,234,034. 4.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AXON shares. Needham & Company LLC reduced their target price on shares of Axon Enterprise from $750.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, November 6th. The Goldman Sachs Group lowered their price target on shares of Axon Enterprise from $715.00 to $675.00 and set a “buy” rating on the stock in a research report on Monday, September 21st. Royal Bank Of Canada dropped their price objective on shares of Axon Enterprise from $735.00 to $615.00 and set an “outperform” rating for the company in a research note on Friday. Raymond James Financial set a $675.00 price objective on shares of Axon Enterprise in a research note on Thursday, October 15th. Finally, Piper Sandler reissued an “overweight” rating and issued a $540.00 price objective (down from $561.00) on shares of Axon Enterprise in a report on Friday, November 6th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $612.18.

Axon Enterprise Price Performance

Shares of NASDAQ AXON opened at $302.54 on Wednesday. The stock has a market capitalization of $24.64 billion, a PE ratio of 96.97, a P/E/G ratio of 5.76 and a beta of 1.48. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.00 and a quick ratio of 2.60. The business has a fifty day moving average price of $430.30 and a two-hundred day moving average price of $472.14. Axon Enterprise, Inc has a fifty-two week low of $291.45 and a fifty-two week high of $665.07.

Axon Enterprise (NASDAQ:AXON) last released its earnings results on Thursday, November 5th. The biotechnology company reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.17). Axon Enterprise had a return on equity of 3.87% and a net margin of 7.56%. The company had revenue of $908.55 million for the quarter, compared to analyst estimates of $934.33 million. During the same period last year, the company posted $1.17 earnings per share. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. As a group, equities analysts predict that Axon Enterprise, Inc will post 2.10 earnings per share for the current fiscal year.

More Axon Enterprise News

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

• Positive Sentiment: Axon is investing $1.2 billion for a 37% stake in drone maker Skydio and will become its U.S. public-safety distributor. The deal could broaden Axon’s public-safety technology offering, though its scale also brings investment and execution risks. Axon invests in Skydio
• Positive Sentiment: West Fargo police plan to replace Flock technology with Axon’s system, including new AI features—an example of continued adoption by public-safety customers. West Fargo police adoption
• Positive Sentiment: Despite lowering its price target, Barclays retained an “overweight” rating at $507; Northland reportedly still sees a $540 target after the stock’s steep fall from its August high. These views suggest some analysts see substantial recovery potential, though targets are not guarantees. Northland target outlook
• Neutral Sentiment: A short-interest report lists 0 shares short, despite describing a large increase. The figure appears inconsistent and does not provide a reliable indication of short-selling pressure.
• Negative Sentiment: Axon’s third-quarter adjusted EPS of $1.72 and revenue of about $909 million fell short of estimates. Cautious guidance and roughly $130 million in federal-contract revenue shifting out of 2026 have weighed on the outlook; shares have fallen sharply since the results, while Motorola rose after its earnings beat. Axon versus Motorola after earnings
• Negative Sentiment: Law firms announced investigations into potential securities-law violations. These are allegations under investigation, not findings of wrongdoing, but may add legal and reputational uncertainty for investors. Axon securities investigation notice

About Axon Enterprise

Axon Enterprise develops technology and services for public safety agencies. Its products include TASER conducted-energy weapons, body-worn and in-car cameras, and related hardware designed to support law enforcement and other safety professionals. The company also provides cloud-based software for managing digital evidence, records and operational workflows. Its Axon Evidence platform helps agencies store, organize and share video and other evidence, while its broader software offerings include tools for dispatch and records management.