Centaurus Financial Inc. Invests $269,000 in Axon Enterprise Inc (NASDAQ:AAXN) Stock
Centaurus Financial Inc. acquired a new position in shares of Axon Enterprise Inc (NASDAQ:AAXN) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,252 shares of the industrial products company’s stock, valued at approximately $269,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in AAXN. Fox Run Management L.L.C. bought a new stake in Axon Enterprise during the second quarter worth approximately $401,000. Rhumbline Advisers lifted its position in shares of Axon Enterprise by 7.8% in the 2nd quarter. Rhumbline Advisers now owns 137,090 shares of the industrial products company’s stock valued at $8,661,000 after acquiring an additional 9,951 shares in the last quarter. Zacks Investment Management purchased a new stake in shares of Axon Enterprise in the 2nd quarter valued at approximately $238,000. Strs Ohio purchased a new stake in shares of Axon Enterprise in the 2nd quarter valued at approximately $341,000. Finally, Sei Investments Co. purchased a new stake in shares of Axon Enterprise in the 2nd quarter valued at approximately $1,478,000. Hedge funds and other institutional investors own 82.23% of the company’s stock.
In other news, Director Julie A. Cullivan sold 2,100 shares of the stock in a transaction on Thursday, July 19th. The shares were sold at an average price of $72.79, for a total transaction of $152,859.00. Following the transaction, the director now owns 6,779 shares in the company, valued at approximately $493,443.41. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark W. Kroll sold 3,100 shares of the stock in a transaction on Sunday, December 16th. The stock was sold at an average price of $22.85, for a total transaction of $70,835.00. Following the transaction, the director now owns 55,135 shares in the company, valued at approximately $1,259,834.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,297 shares of company stock worth $2,562,425. 3.50% of the stock is currently owned by company insiders.
Axon Enterprise (NASDAQ:AAXN) last announced its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 anticipate that Axon Enterprise Inc will post 0.51 EPS for the current year.
Several equities research analysts recently commented on the stock. Northcoast Research assumed coverage on shares of Axon Enterprise in a research report on Tuesday, October 2nd. They issued a “neutral” rating for the company. BidaskClub downgraded shares of Axon Enterprise from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 22nd. Raymond James assumed coverage on shares of Axon Enterprise in a research report on Friday, September 14th. They issued an “outperform” rating and a $79.00 price target for the company. TheStreet downgraded shares of Axon Enterprise from a “b-” rating to a “c” rating in a research report on Thursday, August 9th. Finally, Imperial Capital upgraded shares of Axon Enterprise from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $50.00 to $62.00 in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Axon Enterprise has an average rating of “Buy” and an average target price of $62.64.
About Axon Enterprise
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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