28,774 Axon Enterprise, Inc $AXON Shares Acquired by RDA Financial Network

RDA Financial Network grew its holdings in shares of Axon Enterprise, Inc (NASDAQ:AXON) by 807.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 32,339 shares of the biotechnology company’s stock after purchasing an additional 28,774 shares during the period. Axon Enterprise makes up approximately 2.9% of RDA Financial Network’s holdings, making the stock its 8th largest position. RDA Financial Network’s holdings in Axon Enterprise were worth $13,664,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AXON. Keating Financial Advisory Services Inc. bought a new stake in shares of Axon Enterprise in the 2nd quarter worth approximately $31,000. Washington Trust Advisors Inc. grew its stake in shares of Axon Enterprise by 1,300.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 70 shares of the biotechnology company’s stock worth $39,000 after buying an additional 65 shares during the last quarter. Wealth Enhancement Trust Services Inc. bought a new position in Axon Enterprise during the 3rd quarter valued at approximately $33,000. Delos Wealth Advisors LLC bought a new position in Axon Enterprise during the 2nd quarter valued at approximately $45,000. Finally, Owl Creek Wealth Partners LLC increased its position in Axon Enterprise by 84.8% during the 2nd quarter. Owl Creek Wealth Partners LLC now owns 85 shares of the biotechnology company’s stock valued at $48,000 after buying an additional 39 shares in the last quarter. 79.08% of the stock is owned by institutional investors.

Axon Enterprise Stock Up 0.3%

AXON stock traded up $1.20 during midday trading on Thursday, hitting $409.62. The company’s stock had a trading volume of 408,595 shares, compared to its average volume of 1,047,204. The firm’s 50-day moving average is $507.31 and its 200-day moving average is $475.11. The company has a current ratio of 2.15, a quick ratio of 1.80 and a debt-to-equity ratio of 0.47. Axon Enterprise, Inc has a 12 month low of $339.01 and a 12 month high of $764.02. The company has a market cap of $33.28 billion, a PE ratio of 169.35, a P/E/G ratio of 7.78 and a beta of 1.44.

Axon Enterprise (NASDAQ:AXON) last issued its earnings results on Wednesday, August 5th. The biotechnology company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.84 by $0.04. The business had revenue of $904.39 million for the quarter, compared to the consensus estimate of $876.42 million. Axon Enterprise had a return on equity of 2.84% and a net margin of 6.19%. The company’s revenue was up 35.3% compared to the same quarter last year. During the same period last year, the business posted $2.12 EPS. On average, equities research analysts forecast that Axon Enterprise, Inc will post 2.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AXON shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, July 21st. Needham & Company LLC reissued a “buy” rating on shares of Axon Enterprise in a research note on Wednesday, September 2nd. TD Cowen restated a “buy” rating on shares of Axon Enterprise in a report on Tuesday. Barclays raised their price target on Axon Enterprise from $523.00 to $688.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $715.00 price target on shares of Axon Enterprise in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Axon Enterprise currently has a consensus rating of “Moderate Buy” and a consensus price target of $718.47.

Insiders Place Their Bets

In related news, President Joshua Isner sold 16,775 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $574.43, for a total transaction of $9,636,063.25. Following the sale, the president directly owned 296,974 shares of the company’s stock, valued at $170,590,774.82. This trade represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 dated Tuesday, September 8th. The stock was sold at an average price of $508.99, for a total value of $5,089,900.00. Following the completion of the sale, the chief executive officer 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 47,397 shares of company stock valued at $26,722,984. Company insiders own 4.20% of the company’s stock.

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.