Ashford Capital Management Inc. trimmed its stake in Axon Enterprise Inc (NASDAQ:AAXN) by 12.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 477,898 shares of the industrial products company’s stock after selling 70,310 shares during the quarter. Axon Enterprise comprises about 4.0% of Ashford Capital Management Inc.’s holdings, making the stock its 6th biggest position. Ashford Capital Management Inc. owned 0.82% of Axon Enterprise worth $30,194,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. BerganKDV Wealth Management LLC acquired a new position in shares of Axon Enterprise during the second quarter valued at about $126,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Axon Enterprise during the second quarter valued at about $147,000. Advisors Preferred LLC acquired a new position in shares of Axon Enterprise during the second quarter valued at about $175,000. Brighton Jones LLC acquired a new position in shares of Axon Enterprise during the second quarter valued at about $202,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Axon Enterprise during the first quarter valued at about $216,000. Institutional investors and hedge funds own 82.24% of the company’s stock.
AAXN opened at $73.41 on Monday. Axon Enterprise Inc has a fifty-two week low of $20.57 and a fifty-two week high of $76.45. The stock has a market cap of $4.10 billion, a P/E ratio of 271.89, a PEG ratio of 5.45 and a beta of 1.10.
Axon Enterprise (NASDAQ:AAXN) last released its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. Axon Enterprise had a net margin of 5.35% and a return on equity of 11.80%. The company had revenue of $99.23 million for the quarter, compared to analyst estimates of $95.74 million. research analysts predict that Axon Enterprise Inc will post 0.52 EPS for the current fiscal year.
In related news, insider Douglas E. Klint sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $69.82, for a total transaction of $1,745,500.00. Following the transaction, the insider now directly owns 104,341 shares of the company’s stock, valued at $7,285,088.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark W. Kroll sold 3,100 shares of the firm’s stock in a transaction dated Sunday, December 16th. The shares were sold at an average price of $22.85, for a total transaction of $70,835.00. Following the transaction, the director now directly owns 55,135 shares in the company, valued at $1,259,834.75. The disclosure for this sale can be found here. Insiders have sold 38,297 shares of company stock worth $2,493,815 over the last three months. 3.90% of the stock is owned by insiders.
A number of research analysts have recently issued reports on AAXN shares. JPMorgan Chase & Co. set a $66.00 price objective on shares of Axon Enterprise and gave the company a “buy” rating in a report on Monday, May 21st. William Blair started coverage on shares of Axon Enterprise in a report on Tuesday, May 29th. They set an “outperform” rating for the company. BidaskClub cut shares of Axon Enterprise from a “strong-buy” rating to a “buy” rating in a report on Monday, June 18th. Zacks Investment Research cut shares of Axon Enterprise from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 27th. Finally, Robert W. Baird started coverage on shares of Axon Enterprise in a report on Friday, June 29th. They set a “neutral” rating and a $68.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $62.64.
Axon Enterprise Company Profile
Axon Enterprise, Inc develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. The company operates through two segments, TASER Weapons, and Software and Sensors. It offers TASER X26P and TASER X2 smart weapons for law enforcement; consumer CEWs; and replacement cartridges and consumables, as well as performance power magazines.
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