Axon Enterprise Inc (NASDAQ:AAXN) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 8,780,000 shares, a growth of 12.6% from the September 30th total of 7,800,000 shares. Approximately 15.2% of the shares of the company are short sold. Based on an average daily trading volume, of 726,600 shares, the days-to-cover ratio is presently 12.1 days.

AAXN has been the topic of a number of analyst reports. Needham & Company LLC raised shares of Axon Enterprise from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Friday, November 8th. Imperial Capital raised their price objective on shares of Axon Enterprise from $68.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday. They noted that the move was a valuation call. BidaskClub cut shares of Axon Enterprise from a “hold” rating to a “sell” rating in a research note on Saturday, November 2nd. ValuEngine cut shares of Axon Enterprise from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Zacks Investment Research raised shares of Axon Enterprise from a “sell” rating to a “hold” rating in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Axon Enterprise currently has an average rating of “Buy” and a consensus target price of $71.13.

In other Axon Enterprise news, Director Mark W. Kroll sold 4,168 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $64.30, for a total transaction of $268,002.40. Following the completion of the transaction, the director now directly owns 19,493 shares of the company’s stock, valued at approximately $1,253,399.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. grew its stake in Axon Enterprise by 788.1% in the 2nd quarter. Baillie Gifford & Co. now owns 4,348,159 shares of the industrial products company’s stock valued at $279,195,000 after acquiring an additional 3,858,554 shares during the period. JPMorgan Chase & Co. grew its stake in Axon Enterprise by 54.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 74,590 shares of the industrial products company’s stock valued at $4,989,000 after acquiring an additional 26,359 shares during the period. Cutter & CO Brokerage Inc. acquired a new stake in Axon Enterprise in the 2nd quarter valued at $472,000. BBT Capital Management LLC acquired a new stake in Axon Enterprise in the 2nd quarter valued at $317,000. Finally, State Treasurer State of Michigan acquired a new stake in Axon Enterprise in the 2nd quarter valued at $1,117,000. 84.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ AAXN opened at $66.69 on Friday. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 133.38, a PEG ratio of 8.62 and a beta of 0.62. Axon Enterprise has a 12 month low of $39.43 and a 12 month high of $74.93. The firm’s 50 day simple moving average is $55.20 and its 200-day simple moving average is $62.66.

Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. Axon Enterprise had a net margin of 3.24% and a return on equity of 3.20%. The business had revenue of $130.84 million for the quarter, compared to analysts’ expectations of $122.72 million. During the same quarter last year, the company earned $0.20 EPS. The business’s revenue was up 24.8% on a year-over-year basis. On average, equities analysts forecast that Axon Enterprise will post 0.45 EPS for the current year.

Axon Enterprise Company Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted energy weapons (CEWs) worldwide. The company operates through two segments, TASER and Software and Sensors. It offers TASER X26P, TASER X2, TASER 7, and TASER Pulse and Bolt CEWs; and related cartridges. The company also provides on-officer body cameras and Axon Fleet in-car video systems; and Axon Evidence connected software network; Axon Records cloud-based records management system; Axon Signal enabled devices; and computer-aided dispatch software, as well as Axon docks, cartridges, and batteries.

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