Stocks

Citizens Financial Group Acquires Shares in Axon Enterprise

Published March 14, 2025

Citizens Financial Group Inc. RI has recently acquired a new stake in Axon Enterprise, Inc. (NASDAQ:AXON), according to its latest filing with the Securities and Exchange Commission. In the fourth quarter, this institutional investor purchased 478 shares of Axon, a company specializing in biotechnology, valued at approximately $284,000.

Axon Enterprise updates:

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Other institutional investors have also adjusted their positions in Axon. Asset Dedication LLC raised its stake by 11.3% during the fourth quarter, now holding 178 shares valued at $106,000 after acquiring an additional 18 shares. Meanwhile, Bleakley Financial Group LLC increased its ownership by 1.3%, bringing its total to 1,527 shares worth $908,000 after purchasing 20 more shares. Venturi Wealth Management LLC improved its position by 2.7%, now owning 802 shares valued at $477,000 after obtaining 21 additional shares during the same period. Insigneo Advisory Services LLC raised its position by 1.4% in the preceding quarter, owning 1,568 shares valued at $627,000 following an acquisition of 22 shares. Menard Financial Group LLC also slightly expanded its stake by 0.8%, with a total of 3,014 shares now valued at $1,204,000 after buying 24 more shares. Currently, institutional investors own approximately 79.08% of Axon’s stock.

Analysts Anticipate Growth

Several research analysts have provided insights on AXON shares. Robert W. Baird has increased their price target for Axon shares from $600.00 to $800.00, assigning the company an “outperform” rating. Similarly, The Goldman Sachs Group raised its price objective from $500.00 to $700.00, endorsing a “buy” rating. JMP Securities reiterated its “outperform” rating in a recent report. However, Craig Hallum has downgraded its recommendation from “buy” to a “cautious” rating. Additionally, Needham & Company LLC maintained a “buy” rating and established a price target of $600.00 for the company’s shares. Currently, one analyst has rated the stock as a sell, three have given it a hold rating, while eleven analysts endorse a buy rating. According to data from MarketBeat.com, the overall consensus for Axon’s rating is “Moderate Buy”, with an average price target set at $604.67.

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Discover Our Latest Stock Analysis on Axon Enterprise

Axon Enterprise Shares Experience Decline

AXON shares opened at $534.56 recently. The company boasts a market capitalization of $40.96 billion, with a price-to-earnings ratio of 138.13 and a P/E/G ratio of 5.17. Over the past twelve months, Axon’s stock has reached a low of $273.52 and a high of $715.99. The stock has a moving average price of $595.56 over the past 50 days and a 200-day average of $532.90. Additionally, the company shows a quick ratio of 2.63, a current ratio of 2.96, and a debt-to-equity ratio of 0.32.

Insider Transactions

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In related news, Axon’s director Michael Garnreiter sold 1,000 shares of the company on December 16th for an average price of $639.69, totaling $639,690. Following this transaction, the director retains ownership of 24,259 shares, valued at approximately $15.5 million. This sale represents a 3.96% reduction in his stake. Additionally, insider Jeffrey C. Kunins sold 1,370 shares on December 17th at an average price of $639.14, amounting to about $875,622. After this sale, Kunins holds 125,950 shares worth about $80.5 million, reflecting a 1.08% decrease in ownership. In the last three months alone, insiders have sold 5,146 shares totaling around $3.3 million, with insiders now holding about 6.10% of the company’s stock.

About Axon Enterprise

Axon Enterprise, Inc. develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand, serving both domestic and international markets. The company operates through two primary segments: Software and Sensors, and TASER. It provides both hardware and cloud-based software solutions that assist law enforcement in capturing, securely storing, managing, sharing, and analyzing video and various forms of digital evidence.

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