Axon Enterprise Inc (AAXN) Shares Sold by Laurel Wealth Advisors Inc.
Laurel Wealth Advisors Inc. reduced its position in Axon Enterprise Inc (NASDAQ:AAXN) by 27.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,257 shares of the industrial products company’s stock after selling 3,056 shares during the period. Laurel Wealth Advisors Inc.’s holdings in Axon Enterprise were worth $521,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Castleark Management LLC increased its stake in Axon Enterprise by 67.4% in the 2nd quarter. Castleark Management LLC now owns 193,356 shares of the industrial products company’s stock valued at $12,216,000 after purchasing an additional 77,866 shares in the last quarter. Millennium Management LLC increased its stake in Axon Enterprise by 253.6% in the 2nd quarter. Millennium Management LLC now owns 183,517 shares of the industrial products company’s stock valued at $11,595,000 after purchasing an additional 131,614 shares in the last quarter. Sandler Capital Management purchased a new position in Axon Enterprise in the 2nd quarter valued at approximately $6,064,000. Centaurus Financial Inc. purchased a new position in Axon Enterprise in the 2nd quarter valued at approximately $269,000. Finally, MetLife Investment Advisors LLC purchased a new position in Axon Enterprise in the 2nd quarter valued at approximately $1,481,000. 82.24% of the stock is owned by hedge funds and other institutional investors.
In other Axon Enterprise news, Director Mark W. Kroll sold 3,100 shares of the stock in a transaction on Sunday, December 16th. The stock was sold at an average price of $22.85, for a total transaction of $70,835.00. Following the sale, the director now owns 55,135 shares in the company, valued at approximately $1,259,834.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Julie A. Cullivan sold 2,100 shares of the stock in a transaction on Thursday, July 19th. The shares were sold at an average price of $72.79, for a total value of $152,859.00. Following the sale, the director now owns 6,779 shares in the company, valued at approximately $493,443.41. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,297 shares of company stock worth $2,493,815. 3.50% of the stock is owned by insiders.
Axon Enterprise (NASDAQ:AAXN) last announced its earnings results on Tuesday, August 7th. The industrial products company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. The firm had revenue of $99.23 million for the quarter, compared to analysts’ expectations of $95.74 million. Axon Enterprise had a return on equity of 11.80% and a net margin of 5.35%. equities research analysts forecast that Axon Enterprise Inc will post 0.52 earnings per share for the current year.
Several equities analysts recently weighed in on the company. LADENBURG THALM/SH SH reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Axon Enterprise in a research note on Wednesday, August 8th. Robert W. Baird reaffirmed a “hold” rating and issued a $69.00 price objective on shares of Axon Enterprise in a research note on Wednesday, August 8th. JPMorgan Chase & Co. cut Axon Enterprise from an “overweight” rating to a “neutral” rating and set a $66.00 target price on the stock. in a report on Thursday, June 7th. Craig Hallum cut Axon Enterprise from a “buy” rating to a “hold” rating and increased their target price for the company from $55.00 to $62.00 in a report on Wednesday, August 8th. They noted that the move was a valuation call. Finally, Imperial Capital upgraded Axon Enterprise from an “in-line” rating to an “outperform” rating and increased their target price for the company from $50.00 to $62.00 in a report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $62.64.
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.
Further Reading: Book Value Per Share – BVPS
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