Capital CS Group LLC Takes $653,000 Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Capital CS Group LLC bought a new position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,633 shares of the biotechnology company’s stock, valued at approximately $653,000. Axon Enterprise comprises 0.8% of Capital CS Group LLC’s investment portfolio, making the stock its 24th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake 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 acquiring an additional 79 shares in the last quarter. Trivant Custom Portfolio Group LLC acquired a new stake in shares of Axon Enterprise in the 1st quarter valued at about $31,000. First PREMIER Bank purchased a new position in Axon Enterprise during the 1st quarter worth approximately $33,000. Rise Advisors LLC increased its position in Axon Enterprise by 49.0% during the first quarter. Rise Advisors LLC now owns 143 shares of the biotechnology company’s stock worth $45,000 after buying an additional 47 shares during the period. Finally, Asset Dedication LLC purchased a new stake in Axon Enterprise in the second quarter valued at approximately $47,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Axon Enterprise

In other Axon Enterprise news, CEO Patrick W. Smith sold 4,767 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $404.14, for a total transaction of $1,926,535.38. Following the completion of the transaction, the chief executive officer now directly owns 2,925,060 shares in the company, valued at approximately $1,182,133,748.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Brittany Bagley sold 4,338 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $378.95, for a total value of $1,643,885.10. Following the sale, the chief financial officer now directly owns 98,825 shares in the company, valued at $37,449,733.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick W. Smith sold 4,767 shares of Axon Enterprise stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $404.14, for a total value of $1,926,535.38. Following the sale, the chief executive officer now owns 2,925,060 shares of the company’s stock, valued at approximately $1,182,133,748.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 370,172 shares of company stock valued at $136,562,182 in the last 90 days. 6.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AXON has been the topic of a number of recent research reports. Bank of America began coverage on shares of Axon Enterprise in a report on Wednesday, July 17th. They issued a “buy” rating and a $380.00 target price on the stock. Barclays increased their target price on shares of Axon Enterprise from $381.00 to $387.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Robert W. Baird boosted their price target on Axon Enterprise from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group started coverage on Axon Enterprise in a research note on Wednesday, July 17th. They set a “buy” rating and a $385.00 price objective for the company. Finally, JMP Securities lifted their target price on Axon Enterprise from $375.00 to $430.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $365.38.

Axon Enterprise Price Performance

Shares of NASDAQ AXON traded up $6.75 during midday trading on Friday, hitting $421.80. The company had a trading volume of 612,225 shares, compared to its average volume of 536,524. The firm has a market capitalization of $31.83 billion, a price-to-earnings ratio of 123.33, a price-to-earnings-growth ratio of 10.84 and a beta of 0.94. Axon Enterprise, Inc. has a twelve month low of $192.63 and a twelve month high of $422.33. The business has a 50-day simple moving average of $365.66 and a two-hundred day simple moving average of $323.47. The company has a quick ratio of 2.52, a current ratio of 2.88 and a debt-to-equity ratio of 0.35.

Axon Enterprise (NASDAQ:AXON) last announced its quarterly earnings results on Tuesday, August 6th. The biotechnology company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.02 by $0.18. Axon Enterprise had a return on equity of 9.34% and a net margin of 16.06%. The business had revenue of $504.00 million for the quarter, compared to analyst estimates of $478.35 million. During the same quarter in the previous year, the company earned $0.80 EPS. The company’s quarterly revenue was up 34.5% on a year-over-year basis. Equities research analysts anticipate that Axon Enterprise, Inc. will post 1.79 earnings per share for the current year.

Axon Enterprise Company Profile

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.