Axon Enterprise, Inc $AXON Stock Acquired by First Command Advisory Services Inc.

First Command Advisory Services Inc. increased its position in Axon Enterprise, Inc (NASDAQ:AXON) by 10,431.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 7,793 shares of the biotechnology company’s stock after buying an additional 7,719 shares during the quarter. First Command Advisory Services Inc.’s holdings in Axon Enterprise were worth $3,293,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp grew its holdings in Axon Enterprise by 5,700.2% during the 2nd quarter. State Street Corp now owns 213,561,844 shares of the biotechnology company’s stock valued at $119,724,905,000 after purchasing an additional 209,879,882 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Axon Enterprise by 18,050.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,200,075 shares of the biotechnology company’s stock worth $7,400,094,000 after buying an additional 13,127,348 shares in the last quarter. BlackRock Inc. lifted its holdings in Axon Enterprise by 4.3% in the 2nd quarter. BlackRock Inc. now owns 8,334,551 shares of the biotechnology company’s stock worth $4,672,432,000 after buying an additional 345,365 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Axon Enterprise by 391,214.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 6,988,884 shares of the biotechnology company’s stock valued at $2,952,943,000 after buying an additional 6,987,098 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Axon Enterprise by 8,432.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,537,957 shares of the biotechnology company’s stock valued at $1,983,414,000 after buying an additional 3,496,493 shares during the last quarter. 79.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Axon Enterprise

In related news, insider Isaiah Fields sold 1,017 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $480.45, for a total transaction of $488,617.65. Following the sale, the insider directly owned 56,264 shares of the company’s stock, valued at approximately $27,032,038.80. This represents a 1.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Patrick Smith sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $508.99, for a total value of $5,089,900.00. Following the sale, the chief executive officer directly owned 3,118,012 shares in the company, valued at approximately $1,587,036,927.88. This represents a 0.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 37,397 shares of company stock valued at $21,234,034 over the last 90 days. Insiders own 4.20% of the company’s stock.

Key Stories Impacting Axon Enterprise

Here are a few of the latest stories about AXON:

• Positive Sentiment: Northland maintained a $540 price target despite Axon’s steep decline from its August high, signaling that at least one analyst sees meaningful potential upside. A price target is an estimate, not a guarantee. Axon Is Down 52% From Its August High. Northland Still Sees $540
• Neutral Sentiment: Axon is investing $1.2 billion for a 37% stake in drone maker Skydio and will distribute its products to U.S. public-safety customers. The deal could broaden Axon’s offering, but its sizeable cost makes the investment a factor for investors to weigh. Axon invests $1.2B into Skydio and becomes its U.S. public safety distributor
• Negative Sentiment: Axon’s third-quarter adjusted EPS missed Wall Street expectations, and cautious guidance contributed to a sharp share decline. The company also said federal contract delays shifted $130 million of revenue out of 2026, weighing on near-term expectations. Axon vs. Motorola: Which Public Safety Stock Has More Upside After Q3 Earnings?

Axon Enterprise Stock Performance

Shares of Axon Enterprise stock opened at $315.42 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.60 and a current ratio of 3.00. Axon Enterprise, Inc has a 1 year low of $291.45 and a 1 year high of $665.07. The firm’s 50-day simple moving average is $426.24 and its 200-day simple moving average is $470.65. The firm has a market cap of $25.68 billion, a PE ratio of 101.10, a price-to-earnings-growth ratio of 5.75 and a beta of 1.48.

Axon Enterprise (NASDAQ:AXON) last posted its quarterly earnings results on Thursday, November 5th. The biotechnology company reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.17). The firm had revenue of $908.55 million during the quarter, compared to analyst estimates of $934.33 million. Axon Enterprise had a return on equity of 3.87% and a net margin of 7.56%. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter last year, the business posted $1.17 earnings per share. Equities analysts forecast that Axon Enterprise, Inc will post 2.10 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AXON has been the subject of several recent analyst reports. Northcoast Research raised their target price on Axon Enterprise from $650.00 to $680.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Craig Hallum downgraded Axon Enterprise from a “buy” rating to a “hold” rating and set a $390.00 price target for the company. in a report on Friday, November 6th. UBS Group raised their price objective on Axon Enterprise from $440.00 to $600.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Axon Enterprise in a report on Tuesday, November 3rd. Finally, Raymond James Financial set a $675.00 target price on Axon Enterprise in a research report on Thursday, October 15th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $612.18.

About Axon Enterprise

Axon Enterprise develops technology and services for public safety agencies. Its products include TASER conducted-energy weapons, body-worn and in-car cameras, and related hardware designed to support law enforcement and other safety professionals. The company also provides cloud-based software for managing digital evidence, records and operational workflows. Its Axon Evidence platform helps agencies store, organize and share video and other evidence, while its broader software offerings include tools for dispatch and records management.