Axon Enterprise (AXON)

• Market cap: $44.2B
• 1 day: 1.96%
• 5 days: 2.62%
• 1 month: -10.70%
• 3 months: 32.38%
• 6 months: 87.86%
• Year to date: -2.80%
• 1 year: 132.41%
• 5 years: 712.39%
• 10 years: 2,216.42%
• Sector: Industrials
• Industry: Ordnance & Accessories, Except Vehicles & Guided Missiles

About: Axon Enterprise Inc develops, manufactures, and sells conducted energy devices and cloud-based digital evidence management software designed for use by law enforcement, corrections, military forces, private security personnel, and private individuals for personal defense. The company operates in two segments: Taser and software & sensors. Taser develops and sells CEDs used for protecting users and virtual reality training. Software and sensors manufacture fully integrated hardware and cloud-based software solutions such as body cameras, automated license plate reading, and digital evidence management systems. Axon delivers its products worldwide and derives the majority of its revenue from the software & sensors segment and geographically from the United States.

Employees: 4,260

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

230% more first-time investments, than exits

New positions opened: 152 | Existing positions closed: 46

69% more funds holding in top 10

Funds holding in top 10: 13 [Q2] → 22 (+9) [Q3]

66% more capital invested

Capital invested by funds: $18B [Q2] → $29.9B (+$11.8B) [Q3]

21% more repeat investments, than reductions

Existing positions increased: 312 | Existing positions reduced: 258

13% more funds holding

Funds holding: 743 [Q2] → 839 (+96) [Q3]

5% less call options, than puts

Call options by funds: $528M | Put options by funds: $554M

1.41% less ownership

Funds ownership: 81.23% [Q2] → 79.82% (-1.41%) [Q3]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $441 24% downside
• Avg. target: $613 6% upside
• High target: $800 38% upside

7 analyst ratings

• positive: 7 100%
• neutral: 0 0%
• negative: 0 0%

TD Cowen Andrew Sherman 70% 1-year accuracy 7 / 10 met price target	21% upside $700	Buy Initiated	8 Jan 2025
Baird William Power 63% 1-year accuracy 15 / 24 met price target	38% upside $800	Outperform Maintained	6 Dec 2024
Morgan Stanley Meta Marshall 68% 1-year accuracy 17 / 25 met price target	21% upside $700	Overweight Upgraded	3 Dec 2024
Northland Capital Markets Michael Latimore 37% 1-year accuracy 10 / 27 met price target	5% downside $550	Outperform Maintained	11 Nov 2024
Needham Joshua Reilly 63% 1-year accuracy 55 / 87 met price target	3% upside $600	Buy Maintained	8 Nov 2024