First Financial Corp IN Acquires New Shares in Axon Enterprise, Inc $AXON

First Financial Corp IN bought a new position in Axon Enterprise, Inc (NASDAQ:AXON) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,058 shares of the biotechnology company’s stock, valued at approximately $2,982,000. Axon Enterprise makes up about 1.1% of First Financial Corp IN’s holdings, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AXON. Rockefeller Capital Management L.P. boosted its stake in Axon Enterprise by 53.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 11,518 shares of the biotechnology company’s stock valued at $6,542,000 after buying an additional 4,002 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Axon Enterprise by 122,993.6% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 461,601 shares of the biotechnology company’s stock valued at $195,036,000 after buying an additional 461,226 shares in the last quarter. B. Metzler seel. Sohn & Co. AG purchased a new position in Axon Enterprise during the 2nd quarter valued at approximately $3,854,000. Arrowstreet Capital Limited Partnership bought a new stake in Axon Enterprise in the 1st quarter worth approximately $15,067,000. Finally, Brown Lisle Cummings Inc. increased its stake in Axon Enterprise by 97,231.4% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 34,066 shares of the biotechnology company’s stock worth $19,098,000 after acquiring an additional 34,031 shares during the last quarter. Institutional investors own 79.08% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AXON. Citizens Jmp reaffirmed a “market outperform” rating and set a $700.00 price objective on shares of Axon Enterprise in a report on Thursday, June 25th. Argus raised their target price on shares of Axon Enterprise from $460.00 to $600.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Citigroup restated a “market outperform” rating on shares of Axon Enterprise in a research report on Thursday, September 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, July 21st. Finally, Piper Sandler increased their price objective on shares of Axon Enterprise from $724.00 to $732.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Axon Enterprise currently has an average rating of “Moderate Buy” and an average price target of $721.57.

Axon Enterprise Trading Down 0.3%

AXON traded down $1.08 on Tuesday, hitting $413.35. The company had a trading volume of 724,261 shares, compared to its average volume of 1,050,738. The company has a market cap of $33.58 billion, a PE ratio of 171.52, a PEG ratio of 7.96 and a beta of 1.44. Axon Enterprise, Inc has a 12-month low of $339.01 and a 12-month high of $764.02. The company has a quick ratio of 1.80, a current ratio of 2.15 and a debt-to-equity ratio of 0.47. The business’s fifty day simple moving average is $515.21 and its 200 day simple moving average is $475.74.

Axon Enterprise (NASDAQ:AXON) last issued its quarterly earnings data on Wednesday, August 5th. The biotechnology company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.04. Axon Enterprise had a return on equity of 2.84% and a net margin of 6.19%. The company had revenue of $904.39 million for the quarter, compared to analysts’ expectations of $876.42 million. During the same period in the previous year, the firm posted $2.12 earnings per share. The firm’s revenue for the quarter was up 35.3% on a year-over-year basis. Equities research analysts expect that Axon Enterprise, Inc will post 2.12 EPS for the current year.

Insider Buying and Selling

In related news, insider Jeffrey C. Kunins sold 9,605 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $626.70, for a total value of $6,019,453.50. Following the completion of the sale, the insider directly owned 97,761 shares in the company, valued at $61,266,818.70. This trade represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Patrick W. Smith sold 10,000 shares of Axon Enterprise stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $508.99, for a total transaction of $5,089,900.00. Following the transaction, the chief executive officer directly owned 3,118,012 shares of the company’s stock, valued at $1,587,036,927.88. The trade was a 0.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 47,397 shares of company stock worth $26,722,984. 4.20% of the stock is owned by company insiders.

Axon Enterprise Company Profile

Axon Enterprise, Inc develops technology and connected systems for public safety and law enforcement agencies. Its product portfolio includes TASER conducted energy weapons, body-worn cameras, in-car cameras and other recording devices designed to support safer interactions, improve accountability and document incidents.

The company also provides cloud-based software for managing digital evidence, reports, records and agency operations. Its Axon platform connects hardware with services such as evidence management, real-time operations, computer-aided dispatch and other workflow tools, enabling agencies to store, organize and share information across their organizations.

Founded in 1993 as AIR TASER by Rick Smith and Tom Smith, the company later operated as TASER International before adopting the name Axon Enterprise in 2017.