IFG Advisory LLC bought a new stake in shares of Axon Enterprise Inc (NASDAQ:AAXN) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 8,789 shares of the industrial products company’s stock, valued at approximately $601,000.
A number of other large investors also recently added to or reduced their stakes in the stock. Meridian Investment Counsel Inc. bought a new stake in shares of Axon Enterprise in the 3rd quarter worth about $205,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Axon Enterprise in the 3rd quarter worth about $787,000. Stratos Wealth Partners LTD. bought a new stake in shares of Axon Enterprise in the 3rd quarter worth about $204,000. Private Advisor Group LLC bought a new stake in shares of Axon Enterprise in the 3rd quarter worth about $352,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Axon Enterprise in the 3rd quarter worth about $25,229,000. Hedge funds and other institutional investors own 81.80% of the company’s stock.
In other Axon Enterprise news, insider Douglas E. Klint sold 25,000 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $69.82, for a total transaction of $1,745,500.00. Following the sale, the insider now owns 104,341 shares of the company’s stock, valued at approximately $7,285,088.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Garnreiter sold 1,000 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $68.00, for a total transaction of $68,000.00. Following the sale, the director now directly owns 38,261 shares in the company, valued at approximately $2,601,748. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,197 shares of company stock worth $2,471,656. Insiders own 3.90% of the company’s stock.
Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Axon Enterprise had a net margin of 6.26% and a return on equity of 10.74%. The firm had revenue of $104.84 million for the quarter, compared to analyst estimates of $103.06 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The company’s revenue was up 16.1% on a year-over-year basis. On average, equities analysts forecast that Axon Enterprise Inc will post 0.51 earnings per share for the current year.
Several equities research analysts have recently weighed in on AAXN shares. Needham & Company LLC started coverage on shares of Axon Enterprise in a report on Friday, July 20th. They issued a “buy” rating and a $80.00 target price on the stock. Zacks Investment Research lowered shares of Axon Enterprise from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. BidaskClub lowered shares of Axon Enterprise from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. Dougherty & Co lowered shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Monday, August 6th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $69.00 target price on shares of Axon Enterprise in a report on Wednesday, August 8th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $64.82.
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Axon Enterprise Company Profile
Axon Enterprise, Inc develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. The company operates through two segments, TASER Weapons, and Software and Sensors. It offers TASER X26P and TASER X2 smart weapons for law enforcement; consumer CEWs; and replacement cartridges and consumables, as well as performance power magazines.
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