Axon Enterprise, Inc $AXON Holdings Increased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. boosted its position in Axon Enterprise, Inc (NASDAQ:AXON) by 11.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,325 shares of the biotechnology company’s stock after purchasing an additional 2,148 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Axon Enterprise were worth $8,948,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Provenance Wealth Advisors LLC acquired a new stake in shares of Axon Enterprise in the third quarter valued at about $236,000. Putney Financial Group LLC purchased a new position in shares of Axon Enterprise in the third quarter worth about $36,000. Integrity Alliance LLC. purchased a new position in shares of Axon Enterprise in the third quarter worth about $568,000. Oregon Public Employees Retirement Fund boosted its position in Axon Enterprise by 0.5% during the third quarter. Oregon Public Employees Retirement Fund now owns 9,987 shares of the biotechnology company’s stock worth $4,220,000 after acquiring an additional 48 shares during the last quarter. Finally, Signature Equity Partners LLC boosted its position in Axon Enterprise by 3,266.7% during the third quarter. Signature Equity Partners LLC now owns 101 shares of the biotechnology company’s stock worth $43,000 after acquiring an additional 98 shares during the last quarter. 79.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on AXON. Northcoast Research upped their price objective on shares of Axon Enterprise from $650.00 to $680.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Argus raised their target price on shares of Axon Enterprise from $460.00 to $600.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. TD Cowen lowered their target price on Axon Enterprise from $825.00 to $800.00 and set a “buy” rating on the stock in a report on Monday, October 26th. The Goldman Sachs Group lowered their target price on Axon Enterprise from $715.00 to $675.00 and set a “buy” rating on the stock in a report on Monday, September 21st. Finally, Morgan Stanley upped their price target on Axon Enterprise from $600.00 to $640.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $688.38.

Insider Activity

In other Axon Enterprise news, insider Isaiah Fields sold 1,017 shares of the business’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 directly owned 56,264 shares in the company, valued at $27,032,038.80. The trade was a 1.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Patrick Smith sold 10,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 3,118,012 shares in the company, valued at $1,587,036,927.88. The trade was a 0.32% 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 sold 37,397 shares of company stock valued at $21,234,034 over the last three months. 4.20% of the stock is currently owned by company insiders.

Axon Enterprise Stock Down 9.8%

NASDAQ AXON 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 quick ratio of 1.80, a current ratio of 2.15 and a debt-to-equity ratio of 0.47. The business’s fifty day simple moving average is $447.49 and its 200-day simple moving average is $476.73. The firm has a market cap of $31.08 billion, a PE ratio of 158.74, a P/E/G ratio of 8.06 and a beta of 1.48.

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 the consensus estimate of $1.89 by ($0.17). Axon Enterprise had a net margin of 6.19% and a return on equity of 2.84%. The firm had revenue of $908.55 million for the quarter, compared to analyst estimates of $934.33 million. During the same period in the previous year, the firm posted $1.17 EPS. The company’s revenue was up 27.8% compared to the same quarter last year. As a group, equities analysts anticipate that Axon Enterprise, Inc will post 2.10 earnings per share for the current year.

Key Stories 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

About Axon Enterprise

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.