Bosman Wealth Management LLC Has $1.03 Million Stock Holdings in Axon Enterprise, Inc $AXON

Bosman Wealth Management LLC cut its holdings in Axon Enterprise, Inc (NASDAQ:AXON) by 56.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,809 shares of the biotechnology company’s stock after selling 2,315 shares during the quarter. Bosman Wealth Management LLC’s holdings in Axon Enterprise were worth $1,027,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Stone House Investment Management LLC acquired a new position in shares of Axon Enterprise in the 3rd quarter valued at approximately $29,000. New Millennium Group LLC acquired a new position in shares of Axon Enterprise in the 3rd quarter valued at approximately $29,000. Darwin Wealth Management LLC acquired a new position in shares of Axon Enterprise in the 2nd quarter valued at approximately $37,000. Root Financial Partners LLC acquired a new position in shares of Axon Enterprise in the 3rd quarter valued at approximately $34,000. Finally, Sound Income Strategies LLC grew its position in shares of Axon Enterprise by 550.0% in the 4th quarter. Sound Income Strategies LLC now owns 52 shares of the biotechnology company’s stock valued at $30,000 after purchasing an additional 44 shares during the period. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Piper Sandler cut their target price on Axon Enterprise from $753.00 to $690.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. TD Cowen cut their target price on Axon Enterprise from $950.00 to $825.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. The Goldman Sachs Group cut their target price on Axon Enterprise from $720.00 to $625.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Barclays cut their target price on Axon Enterprise from $702.00 to $682.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Finally, Weiss Ratings cut Axon Enterprise from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 10th. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $749.63.

Insider Buying and Selling at Axon Enterprise

In related news, CEO Patrick W. Smith sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $500.24, for a total transaction of $5,002,400.00. Following the transaction, the chief executive officer directly owned 3,090,997 shares in the company, valued at approximately $1,546,240,339.28. The trade was a 0.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jennifer H. Mak sold 1,500 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $573.45, for a total transaction of $860,175.00. Following the transaction, the chief accounting officer owned 12,240 shares in the company, valued at approximately $7,019,028. The trade was a 10.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,855 shares of company stock valued at $7,109,828 in the last 90 days. Company insiders own 4.40% of the company’s stock.

Axon Enterprise Trading Up 2.5%

NASDAQ AXON opened at $402.85 on Friday. The stock has a market capitalization of $32.39 billion, a price-to-earnings ratio of 265.03, a PEG ratio of 8.39 and a beta of 1.61. The stock’s 50 day moving average price is $460.07 and its two-hundred day moving average price is $554.07. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.29 and a current ratio of 2.53. Axon Enterprise, Inc has a 52 week low of $339.01 and a 52 week high of $885.91.

Axon Enterprise (NASDAQ:AXON) last released its earnings results on Tuesday, February 24th. The biotechnology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.60 by $0.55. The firm had revenue of $796.72 million for the quarter, compared to analysts’ expectations of $755.29 million. Axon Enterprise had a return on equity of 2.82% and a net margin of 4.48%.The business’s quarterly revenue was up 38.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.08 EPS. As a group, analysts anticipate that Axon Enterprise, Inc will post 5.8 earnings per share for the current fiscal year.

Axon Enterprise 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.