Jefferies Financial Group Inc. Invests $1.20 Million in Axon Enterprise, Inc $AXON

Jefferies Financial Group Inc. bought a new stake in Axon Enterprise, Inc (NASDAQ:AXON) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,134 shares of the biotechnology company’s stock, valued at approximately $1,196,000.

Other large investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV acquired a new position in Axon Enterprise during the 4th quarter worth approximately $28,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Axon Enterprise in the 2nd quarter valued at approximately $31,000. AlphaCentric Advisors LLC acquired a new stake in shares of Axon Enterprise in the 4th quarter valued at approximately $34,000. Darwin Wealth Management LLC purchased a new stake in shares of Axon Enterprise in the second quarter valued at approximately $37,000. Finally, Strive Financial Group LLC purchased a new stake in shares of Axon Enterprise in the fourth quarter valued at approximately $41,000. 79.08% of the stock is owned by hedge funds and other institutional investors.

Axon Enterprise Stock Performance

NASDAQ AXON opened at $600.73 on Monday. Axon Enterprise, Inc has a fifty-two week low of $339.01 and a fifty-two week high of $792.16. The stock has a market cap of $48.80 billion, a price-to-earnings ratio of 249.27, a price-to-earnings-growth ratio of 9.75 and a beta of 1.39. The business has a fifty day moving average of $560.75 and a 200-day moving average of $483.34. 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 posted its quarterly earnings data on Tuesday, August 4th. The biotechnology company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.04. The business had revenue of $904.39 million for the quarter, compared to analyst estimates of $876.42 million. Axon Enterprise had a return on equity of 2.84% and a net margin of 6.19%.The business’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.12 earnings per share. As a group, analysts predict that Axon Enterprise, Inc will post 2.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AXON. Needham & Company LLC reissued a “buy” rating on shares of Axon Enterprise in a report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target on Axon Enterprise from $750.00 to $755.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Royal Bank Of Canada restated an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, July 21st. UBS Group lifted their price objective on Axon Enterprise from $440.00 to $600.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $715.00 target price on shares of Axon Enterprise in a research report on Thursday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $730.92.

Insider Buying and Selling

In other news, insider Elizabeth Reid Coughlin sold 1,554 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $485.00, for a total value of $753,690.00. Following the completion of the transaction, the insider owned 34,024 shares of the company’s stock, valued at $16,501,640. The trade was a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Joshua Isner sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $488.45, for a total transaction of $6,349,850.00. Following the transaction, the president directly owned 169,125 shares in the company, valued at $82,609,106.25. The trade was a 7.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 75,401 shares of company stock worth $40,670,843 in the last 90 days. 4.20% of the stock is currently owned by corporate insiders.

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.