Axon Enterprise Inc (NASDAQ:AAXN) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. lowered its position in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 5.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,898 shares of the industrial products company’s stock after selling 1,389 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Axon Enterprise were worth $1,599,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Bridge City Capital LLC increased its holdings in shares of Axon Enterprise by 0.5% in the second quarter. Bridge City Capital LLC now owns 33,117 shares of the industrial products company’s stock valued at $2,126,000 after purchasing an additional 163 shares during the last quarter. Freestone Capital Holdings LLC acquired a new stake in shares of Axon Enterprise in the first quarter valued at approximately $5,446,000. AGF Investments LLC increased its holdings in shares of Axon Enterprise by 5.1% in the second quarter. AGF Investments LLC now owns 4,610 shares of the industrial products company’s stock valued at $296,000 after purchasing an additional 222 shares during the last quarter. LS Investment Advisors LLC increased its holdings in shares of Axon Enterprise by 6.8% in the first quarter. LS Investment Advisors LLC now owns 4,088 shares of the industrial products company’s stock valued at $222,000 after purchasing an additional 259 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Axon Enterprise by 1.4% in the first quarter. State of Alaska Department of Revenue now owns 19,825 shares of the industrial products company’s stock valued at $1,078,000 after purchasing an additional 280 shares during the last quarter. 77.56% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Julie A. Cullivan sold 1,360 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $57.86, for a total transaction of $78,689.60. Following the completion of the transaction, the director now directly owns 7,815 shares in the company, valued at $452,175.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Luke Larson sold 15,383 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $67.11, for a total value of $1,032,353.13. Following the transaction, the president now owns 56,774 shares of the company’s stock, valued at $3,810,103.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,743 shares of company stock valued at $4,681,693. Company insiders own 2.30% of the company’s stock.

Several research firms recently commented on AAXN. Morgan Stanley increased their price target on Axon Enterprise from $65.00 to $71.00 and gave the company an “overweight” rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $81.00 price target (up previously from $73.00) on shares of Axon Enterprise in a report on Thursday, June 20th. BidaskClub raised Axon Enterprise from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. Zacks Investment Research lowered Axon Enterprise from a “buy” rating to a “sell” rating in a research report on Wednesday. Finally, Imperial Capital upgraded Axon Enterprise from an “in-line” rating to an “outperform” rating and set a $68.00 price objective for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $72.22.

Axon Enterprise stock traded up $1.86 during mid-day trading on Friday, hitting $59.22. The company’s stock had a trading volume of 711,300 shares, compared to its average volume of 841,968. The firm has a market capitalization of $3.40 billion, a PE ratio of 118.44, a price-to-earnings-growth ratio of 4.42 and a beta of 0.76. Axon Enterprise Inc has a 1 year low of $39.43 and a 1 year high of $74.93. The stock’s fifty day moving average is $64.85 and its two-hundred day moving average is $61.25.

Axon Enterprise (NASDAQ:AAXN) last issued its quarterly earnings data on Thursday, August 8th. The industrial products company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.05). The business had revenue of $112.36 million during the quarter, compared to analysts’ expectations of $115.41 million. Axon Enterprise had a return on equity of 3.19% and a net margin of 3.34%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 earnings per share. As a group, analysts predict that Axon Enterprise Inc will post 0.52 earnings per share for the current fiscal year.

Axon Enterprise Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted energy weapons (CEWs) worldwide. The company operates through two segments, TASER and Software and Sensors. It offers TASER X26P, TASER X2, TASER 7, and TASER Pulse and Bolt CEWs; and related cartridges. The company also provides on-officer body cameras and Axon Fleet in-car video systems; and Axon Evidence connected software network; Axon Records cloud-based records management system; Axon Signal enabled devices; and computer-aided dispatch software, as well as Axon docks, cartridges, and batteries.

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Institutional Ownership by Quarter for Axon Enterprise (NASDAQ:AAXN)

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