Wealth Enhancement Advisory Services Adds $1M in Axon Enterprise, Inc. ($AXON)
The advisory firm boosted its Axon Enterprise holdings by 8.57%, adding 2,002 shares.
Key Points
- Wealth Enhancement Advisory Services added 2,002 shares of Axon Enterprise, increasing its stake by 8.57% to 25,367 shares, valued at $12.95 million.
- Axon Enterprise, trading at $510.60 on Tuesday, has a market cap of $37.47 billion and a P/E ratio of 188.96.
- Recent insider sales include Axon's CEO selling 20,000 shares at $500 each, with analysts maintaining buy ratings and targets up to $825.
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Wealth Enhancement Advisory Services has increased its stake in Axon Enterprise, Inc. (NasdaqGS: AXON) according to its latest 13F filing with the SEC. The firm added 2,002 shares, boosting its holdings by 8.57% to a total of 25,367 shares. This stake is valued at approximately $12.95 million as of the reporting period.
What Changed in Wealth Enhancement Advisory Services' Axon Enterprise Position
Wealth Enhancement Advisory Services raised its position in Axon Enterprise by 2,002 shares, marking an 8.57% increase. The firm now holds 25,367 shares, up from 23,365 shares previously, with the total value of the position recorded at $12.95 million.
Other Institutional Activity in Axon Enterprise
Several other institutional investors have also adjusted their positions in Axon Enterprise. BlackRock, Inc. reduced its holdings by 251,151 shares, bringing its total to 7,989,186 shares worth about $3.39 billion, a 3% decrease. Vanguard Capital Management LLC opened a new position with 5,043,125 shares valued at $2.14 billion. State Street Corp increased its stake by 131,605 shares, a 3.7% rise, to hold 3,681,962 shares valued at $1.56 billion. Baillie Gifford & Co added 817,149 shares, boosting its holdings by 49.7% to a total of 2,459,727 shares worth $1.04 billion.
Axon Enterprise, Inc. Stock Down 6.7%
Shares of Axon Enterprise traded near $510.60 on Tuesday. The company has a market capitalization of $37.47 billion and a P/E ratio of 188.96. Axon's stock has seen a 52-week low of $339.01 and a high of $885.92. Its 50-day moving average is $420.37, and the 200-day moving average is $537.25. The company maintains a current ratio of 2.27 and a quick ratio of 1.70, with a debt-to-equity ratio of 52.07.
$AXON stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Axon Enterprise reported revenue of approximately $2.98 billion, with a revenue growth of 33.7%. The company's net margin stands at 6.91%, and it has a return on equity of 6.77%. Axon's next earnings report is scheduled for August 3, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
4 target cuts vs 1 raises.
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EPS & revenue
EPS missed estimates by 1.3%. Revenue beat estimates by 1.7%.
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Profit surprise
EBITDA missed by 65 percent. Operating income missed by 69 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 target raise, 4 target cuts.
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Earnings quality
Gross margin down 1.5 points. Operating margin up 5.7 points. Positive free cash flow.
Earnings Call Summary
The quarter was the strongest ever for first quarter results, with revenue up 34 percent year over year to 807 million dollars. AI Era Plan bookings jumped 140 percent and Dedrone counter-drone business exploded up 500 percent, driven by demand across law enforcement, enterprise, and international markets. Management says they are at an inflection point where AI and connected devices are becoming essential infrastructure that customers want to deploy immediately, with nearly all large police agencies now including AI in their technology plans.
Guidance Axon expects full year revenue growth of 30 to 32 percent and raised that guidance from prior expectations. The company plans to spend about 450 million dollars on free cash flow this year and maintain 25.5 percent adjusted EBITDA margins. Management says AI adoption and counter-drone demand are accelerating faster than planned.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Insider Buying and Selling at Axon Enterprise, Inc.
Recent insider transactions at Axon Enterprise include CEO Patrick Smith selling 20,000 shares at $500 each on June 4, 2026, under a planned 10b5-1 trading plan. President Joshua Isner sold 13,000 shares at $488.45 on June 5, 2026, and 32,796 shares at $476.88 on June 1, 2026, in non-planned transactions. Other notable sales include COO & CFO Brittany Bagley selling 5,969 shares at $485 on June 2, 2026.
Analysts Set New Price Targets
On June 25, 2026, Citizens reiterated its buy rating for Axon Enterprise and set a price target of $700. Barclays maintained its buy rating with a target of $523 on May 8, 2026. JP Morgan also maintained a buy rating, setting a high target of $755 on May 7, 2026. Overall, analysts have a buy consensus with a mean target price of $662.04 across 18 opinions.
About Axon Enterprise
Axon Enterprise, Inc., headquartered in Scottsdale, Arizona, is a leader in public safety technology solutions. The company operates through two main segments: Software and Services, and Connected Devices. Its Software and Services segment offers cloud-based solutions for evidence management, while the Connected Devices segment includes TASER brand energy devices, body cameras, and other hardware. Axon serves a range of clients, including international, federal, state, and local governments, as well as commercial enterprises.
Bottom Line
Wealth Enhancement Advisory Services' increase in Axon Enterprise holdings reflects a positive outlook on the company's prospects. Investors track such filings for insights into institutional confidence, though it's important to remember that these 13F filings are historical and may not represent current holdings. Axon's stock performance and analyst ratings suggest continued interest in its growth potential.
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