BlackRock Inc. Has $1.21 Billion Stock Position in Axon Enterprise, Inc. (NASDAQ:AXON)

BlackRock Inc. lifted its stake in Axon Enterprise, Inc. (NASDAQ:AXON) by 0.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,939,799 shares of the biotechnology company’s stock after purchasing an additional 38,407 shares during the quarter. BlackRock Inc. owned 0.11% of Axon Enterprise worth $1,214,604,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC acquired a new position in shares of Axon Enterprise in the 3rd quarter valued at $26,000. Berman Capital Advisors LLC boosted its position in shares of Axon Enterprise by 73.9% in the 3rd quarter. Berman Capital Advisors LLC now owns 240 shares of the biotechnology company’s stock valued at $41,000 after purchasing an additional 102 shares during the period. IFP Advisors Inc acquired a new position in shares of Axon Enterprise in the 3rd quarter valued at $43,000. Financial Insights Inc. acquired a new position in shares of Axon Enterprise in the 2nd quarter valued at $44,000. Finally, Tobam acquired a new position in shares of Axon Enterprise in the 2nd quarter valued at $47,000. Institutional investors and hedge funds own 73.15% of the company’s stock.

AXON opened at $137.17 on Friday. Axon Enterprise, Inc. has a fifty-two week low of $121.09 and a fifty-two week high of $212.37. The business has a 50-day moving average of $159.22 and a 200-day moving average of $172.93.

Axon Enterprise (NASDAQ:AXON) last posted its quarterly earnings results on Monday, November 15th. The biotechnology company reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.91. Axon Enterprise had a negative return on equity of 2.26% and a negative net margin of 2.37%. The company had revenue of $231.99 million during the quarter, compared to the consensus estimate of $201.11 million. During the same period last year, the business earned ($0.01) EPS. The business’s quarterly revenue was up 39.4% on a year-over-year basis. On average, research analysts forecast that Axon Enterprise, Inc. will post -0.85 EPS for the current fiscal year.

A number of equities analysts recently weighed in on AXON shares. Morgan Stanley decreased their price target on Axon Enterprise from $200.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, December 15th. JMP Securities started coverage on Axon Enterprise in a research note on Tuesday, December 14th. They issued an “outperform” rating and a $195.00 price objective for the company. Zacks Investment Research raised Axon Enterprise from a “strong sell” rating to a “hold” rating in a research note on Monday, October 11th. William Blair reissued an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, November 16th. Finally, Craig Hallum raised Axon Enterprise from a “hold” rating to a “buy” rating and set a $232.00 price objective for the company in a research note on Tuesday, November 16th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $206.13.

In other news, CEO Patrick W. Smith sold 329,952 shares of the stock in a transaction dated Tuesday, November 16th. The stock was sold at an average price of $186.25, for a total transaction of $61,453,560.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Patrick W. Smith sold 21,553 shares of the stock in a transaction dated Wednesday, October 20th. The shares were sold at an average price of $182.72, for a total value of $3,938,164.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 72,775 shares of company stock valued at $10,362,476 and have sold 654,140 shares valued at $120,058,152. 2.30% of the stock is owned by company insiders.

Axon Enterprise Profile

Axon Enterprise, Inc engages in the development, manufacturing, and sale of conducted electrical weapons for personal defense. It operates through the TASER Weapons and Software and Sensors segments. The TASER Weapons segment sells conducted electrical weapons, accessories, and other related products and services.

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Institutional Ownership by Quarter for Axon Enterprise (NASDAQ:AXON)

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