Lombard Odier Asset Management Switzerland SA Invests $529,000 in Axon Enterprise, Inc $AXON

Lombard Odier Asset Management Switzerland SA purchased a new position in shares of Axon Enterprise, Inc (NASDAQ:AXON) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 1,245 shares of the biotechnology company’s stock, valued at approximately $529,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV acquired a new stake in Axon Enterprise in the 4th quarter worth about $28,000. Sound Income Strategies LLC increased its stake in Axon Enterprise by 550.0% during the 4th quarter. Sound Income Strategies LLC now owns 52 shares of the biotechnology company’s stock worth $30,000 after buying an additional 44 shares in the last quarter. Camelot Portfolios LLC acquired a new position in shares of Axon Enterprise during the fourth quarter valued at approximately $30,000. AlphaCentric Advisors LLC acquired a new position in shares of Axon Enterprise during the fourth quarter valued at approximately $34,000. Finally, Lodestone Wealth Management LLC purchased a new position in shares of Axon Enterprise in the fourth quarter valued at approximately $35,000. 79.08% of the stock is owned by hedge funds and other institutional investors.

Axon Enterprise Price Performance

NASDAQ:AXON opened at $547.65 on Wednesday. Axon Enterprise, Inc has a one year low of $339.01 and a one year high of $885.91. The stock has a market cap of $44.14 billion, a PE ratio of 219.94, a P/E/G ratio of 10.72 and a beta of 1.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.93 and a current ratio of 2.27. The stock has a 50 day moving average price of $488.89 and a 200 day moving average price of $477.58.

Axon Enterprise (NASDAQ:AXON) last released its quarterly earnings data on Wednesday, May 6th. The biotechnology company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.01. The company had revenue of $807.35 million for the quarter, compared to analyst estimates of $778.90 million. Axon Enterprise had a return on equity of 3.78% and a net margin of 6.90%.The firm’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.47 earnings per share. Equities research analysts expect that Axon Enterprise, Inc will post 1.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AXON. The Goldman Sachs Group set a $535.00 price target on Axon Enterprise in a research note on Thursday, May 7th. TD Cowen reissued a “buy” rating on shares of Axon Enterprise in a research note on Wednesday, July 22nd. Barclays decreased their price objective on Axon Enterprise from $682.00 to $523.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Morgan Stanley set a $600.00 target price on shares of Axon Enterprise in a report on Thursday, May 7th. Finally, Zacks Research downgraded shares of Axon Enterprise from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Axon Enterprise presently has a consensus rating of “Moderate Buy” and an average price target of $725.25.

Insiders Place Their Bets

In other news, CEO Patrick W. Smith sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $643.79, for a total transaction of $6,437,900.00. Following the transaction, the chief executive officer owned 3,040,997 shares of the company’s stock, valued at approximately $1,957,763,458.63. The trade was a 0.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Caitlin Elizabeth Kalinowski sold 564 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $478.97, for a total transaction of $270,139.08. Following the completion of the sale, the director directly owned 3,632 shares of the company’s stock, valued at $1,739,619.04. This represents a 13.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 58,989 shares of company stock worth $30,527,983. 4.20% of the stock is currently owned by company insiders.

Axon Enterprise Company Profile

Axon Enterprise, Inc develops technology and weapons systems for public safety and law enforcement agencies, combining hardware, software and cloud services. The company’s hardware portfolio includes conducted energy weapons (commonly known as TASER devices), body-worn cameras and in-car camera systems. Axon pairs these devices with a suite of connected products and accessories designed to capture, store and manage field evidence.

Beyond hardware, Axon operates a subscription-based software platform for digital evidence management, evidence review and records management.