Axon Enterprise (AXON) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Axon Enterprise (NASDAQ: AXON):

• 11/11/2024 – Axon Enterprise had its price target raised by analysts at Northland Securities from $365.00 to $550.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Axon Enterprise had its price target raised by analysts at Needham & Company LLC from $525.00 to $600.00. They now have a “buy” rating on the stock.
• 11/4/2024 – Axon Enterprise had its price target raised by analysts at Robert W. Baird from $440.00 to $460.00. They now have an “outperform” rating on the stock.
• 10/31/2024 – Axon Enterprise had its price target raised by analysts at JMP Securities from $430.00 to $500.00. They now have a “market outperform” rating on the stock.
• 10/23/2024 – Axon Enterprise had its price target raised by analysts at The Goldman Sachs Group, Inc. from $385.00 to $441.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Axon Enterprise had its price target raised by analysts at Needham & Company LLC from $400.00 to $525.00. They now have a “buy” rating on the stock.

Axon Enterprise Trading Up 0.5 %

AXON stock opened at $604.56 on Friday. Axon Enterprise, Inc. has a 1-year low of $220.77 and a 1-year high of $624.84. The firm has a market cap of $46.10 billion, a P/E ratio of 156.22, a P/E/G ratio of 15.10 and a beta of 0.94. The business’s 50 day moving average is $433.89 and its 200-day moving average is $355.28. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32.

Insider Activity

In related news, Director Jeri Williams sold 110 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $400.00, for a total transaction of $44,000.00. Following the sale, the director now directly owns 1,934 shares in the company, valued at $773,600. This represents a 5.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick W. Smith sold 80,300 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $371.78, for a total value of $29,853,934.00. Following the sale, the chief executive officer now owns 3,015,366 shares in the company, valued at approximately $1,121,052,771.48. This trade represents a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 411,006 shares of company stock worth $161,360,618. Company insiders own 6.10% of the company’s stock.

Institutional Investors Weigh In On Axon Enterprise

A number of large investors have recently bought and sold shares of AXON. Blue Trust Inc. lifted its holdings in Axon Enterprise by 987.5% during the 2nd quarter. Blue Trust Inc. now owns 87 shares of the biotechnology company’s stock worth $27,000 after buying an additional 79 shares in the last quarter. Quent Capital LLC lifted its holdings in Axon Enterprise by 1,875.0% during the 3rd quarter. Quent Capital LLC now owns 79 shares of the biotechnology company’s stock worth $32,000 after buying an additional 75 shares in the last quarter. Brooklyn Investment Group acquired a new position in Axon Enterprise during the 3rd quarter worth $41,000. Asset Dedication LLC acquired a new position in Axon Enterprise during the 2nd quarter worth $47,000. Finally, Planning Capital Management Corp lifted its holdings in Axon Enterprise by 83.3% during the 3rd quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock worth $48,000 after buying an additional 55 shares in the last quarter. 79.08% of the stock is currently owned by institutional investors.

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, Software and Sensors, and TASER. 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.