Qube Research & Technologies Ltd increased its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON – Get Rating) by 25.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,682 shares of the biotechnology company's stock after purchasing an additional 2,608 shares during the period. Qube Research & Technologies Ltd's holdings in Axon Enterprise were worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in AXON. Prospera Financial Services Inc purchased a new stake in Axon Enterprise during the 1st quarter worth $27,000. Retirement Planning Co of New England Inc. acquired a new position in Axon Enterprise in the 4th quarter worth $31,000. Tyler Stone Wealth Management acquired a new position in Axon Enterprise in the 4th quarter worth $32,000. Sageworth Trust Co of South Dakota acquired a new position in Axon Enterprise in the 4th quarter worth $37,000. Finally, Bivin & Associates Inc. acquired a new position in Axon Enterprise in the 4th quarter worth $42,000. 72.06% of the stock is owned by hedge funds and other institutional investors.
Get Axon Enterprise alerts:Axon Enterprise Stock Up 4.3 %
AXON stock opened at $129.49 on Friday. Axon Enterprise, Inc. has a 12 month low of $82.49 and a 12 month high of $209.00. The firm has a market cap of $9.20 billion, a PE ratio of 66.41 and a beta of 0.66. The firm has a 50 day simple moving average of $98.96 and a 200 day simple moving average of $112.48. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.70 and a quick ratio of 2.18.
Axon Enterprise (NASDAQ:AXON – Get Rating) last released its earnings results on Tuesday, August 9th. The biotechnology company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. Axon Enterprise had a net margin of 14.20% and a return on equity of 12.57%. The business had revenue of $285.61 million during the quarter, compared to analyst estimates of $258.96 million. During the same period in the prior year, the business earned ($0.72) earnings per share. The business's quarterly revenue was up 30.5% on a year-over-year basis. Equities research analysts forecast that Axon Enterprise, Inc. will post 1.46 earnings per share for the current fiscal year.Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. JMP Securities reiterated a "buy" rating and issued a $195.00 price objective on shares of Axon Enterprise in a report on Wednesday, June 1st. Robert W. Baird cut their target price on shares of Axon Enterprise from $145.00 to $125.00 in a research note on Wednesday, May 11th. Morgan Stanley lowered shares of Axon Enterprise from an "overweight" rating to an "equal weight" rating and set a $120.00 price objective on the stock. in a research note on Monday, May 23rd. Credit Suisse Group increased their price objective on shares of Axon Enterprise from $134.00 to $142.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Northland Securities dropped their price objective on shares of Axon Enterprise from $180.00 to $130.00 in a research note on Thursday, May 12th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $163.25.
Insider Activity at Axon Enterprise
In related news, Director Mark W. Kroll sold 3,159 shares of the company's stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $102.82, for a total value of $324,808.38. Following the completion of the sale, the director now owns 13,691 shares in the company, valued at approximately $1,407,708.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.90% of the stock is owned by insiders.
About Axon Enterprise
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Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, TASER, and Software and Sensors. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.
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