Axon Enterprise Inc (AXON)

Axon's stock has experienced significant growth, with a 65.47% increase from October 28, 2024, to October 24, 2025, and was up 155% since June 26, 2023. In August 2025, Axon reported strong Q2 Fiscal Year 2025 earnings, leading to broad demand across its offerings. In September 2025, the stock experienced a roughly 10% decline due to profit-taking and concerns over near-term costs associated with Axon's acquisition of Prepared. Also in September 2025, CFO Brittany Bagley sold 5,000 shares of AXON stock for over $3.5 million. In October 2025, various institutional investors either increased their positions or purchased new stakes in Axon Enterprise, Inc., while some institutions reduced their stock positions.

Axon Enterprise, Inc. experiences some demand seasonality for its products and services, with a normal first quarter bookings seasonality that can lead to a decrease in total company future contracted revenue from the fourth quarter to the first quarter. The company's growth is significantly influenced by rising demand for its cloud solutions and TASER products.

Axon Enterprise, Inc. specializes in public safety solutions for military, law enforcement, and civilians, integrating hardware devices with cloud software. Its major products and services include TASER Energy Devices, cameras and sensors, digital evidence management software, drone and robotic security, training solutions, and mobile applications.

Axon Enterprise, Inc. is headquartered in Scottsdale, Arizona, and has a global presence, operating across the United States, Europe, and Asia Pacific. The U.S. market remains the most significant, and its products and services are utilized by over 18,000 law enforcement agencies in more than 100 countries.

Axon has cultivated a strong brand reputation, particularly within the public safety sector, and was recognized on Fortune's Future 50™ list in 2023. However, Axon's reputation faced scrutiny in May 2024 due to a proposed $175 million equity grant for its CEO, raising questions among investors.

Axon Enterprise, Inc. is predominantly owned by institutional shareholders, who collectively hold approximately 80% to 81.38% of the company's stock. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. The largest individual shareholder is Patrick W. Smith, the CEO, who owns 3.03 million shares, representing 3.86% of the company.