Pine Valley Investments Ltd Liability Co Increases Stock Holdings in Axon Enterprise, Inc $AXON

Pine Valley Investments Ltd Liability Co raised its position in shares of Axon Enterprise, Inc (NASDAQ:AXON) by 26.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,184 shares of the biotechnology company’s stock after purchasing an additional 1,283 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Axon Enterprise were worth $3,467,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AXON. Barrett & Company Inc. bought a new stake in Axon Enterprise during the second quarter valued at approximately $157,000. Avidian Wealth Enterprises LLC boosted its stake in shares of Axon Enterprise by 7.6% during the 2nd quarter. Avidian Wealth Enterprises LLC now owns 1,670 shares of the biotechnology company’s stock worth $936,000 after acquiring an additional 118 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Axon Enterprise by 58.5% during the 2nd quarter. D.A. Davidson & CO. now owns 16,144 shares of the biotechnology company’s stock worth $9,050,000 after acquiring an additional 5,958 shares during the last quarter. Conestoga Capital Advisors LLC bought a new stake in shares of Axon Enterprise during the 2nd quarter valued at $221,000. Finally, Martin Capital Advisors LLP bought a new position in Axon Enterprise in the 2nd quarter worth $365,000. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Insider Activity at Axon Enterprise

In other Axon Enterprise news, CRO Cameron Brooks sold 1,242 shares of Axon Enterprise stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $500.00, for a total value of $621,000.00. Following the sale, the executive owned 49,710 shares of the company’s stock, valued at $24,855,000. The trade was a 2.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Isaiah Fields sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $400.00, for a total value of $800,000.00. Following the sale, the insider directly owned 52,813 shares in the company, valued at $21,125,200. This trade represents a 3.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 68,989 shares of company stock valued at $36,016,932 in the last 90 days. 4.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays boosted their price target on Axon Enterprise from $523.00 to $688.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Axon Enterprise in a research note on Wednesday, August 5th. Piper Sandler lifted their price objective on Axon Enterprise from $724.00 to $732.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, July 21st. Finally, UBS Group increased their target price on shares of Axon Enterprise from $440.00 to $600.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Axon Enterprise presently has an average rating of “Moderate Buy” and an average target price of $730.92.

Axon Enterprise Stock Down 0.4%

AXON opened at $612.83 on Friday. The firm has a 50-day simple moving average of $526.06 and a two-hundred day simple moving average of $474.40. Axon Enterprise, Inc has a 52 week low of $339.01 and a 52 week high of $794.29. The company has a market capitalization of $49.78 billion, a PE ratio of 254.29, a price-to-earnings-growth ratio of 12.56 and a beta of 1.39. The company has a quick ratio of 1.80, a current ratio of 2.15 and a debt-to-equity ratio of 0.47.

Axon Enterprise (NASDAQ:AXON) last issued its quarterly earnings data on Tuesday, August 4th. The biotechnology company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.04. Axon Enterprise had a return on equity of 2.84% and a net margin of 6.19%.The firm had revenue of $904.39 million during the quarter, compared to analyst estimates of $876.42 million. During the same quarter last year, the business posted $2.12 earnings per share. The business’s quarterly revenue was up 35.3% compared to the same quarter last year. Analysts forecast that Axon Enterprise, Inc will post 1.63 earnings per share for the current fiscal year.

Axon Enterprise Company Profile

Axon Enterprise, Inc develops technology and weapons systems for public safety and law enforcement agencies, combining hardware, software and cloud services. The company’s hardware portfolio includes conducted energy weapons (commonly known as TASER devices), body-worn cameras and in-car camera systems. Axon pairs these devices with a suite of connected products and accessories designed to capture, store and manage field evidence.

Beyond hardware, Axon operates a subscription-based software platform for digital evidence management, evidence review and records management.