Axon Shares Edge Up as Volume Plummets to 337th Rank Amid Institutional Sells and Analysts Raise Targets

On August 20, 2025, Axon Enterprise (AXON) closed with a 0.34% gain, while its trading volume dropped 38.03% to $0.31 billion, ranking it 337th in market activity. Institutional investors adjusted positions in the stock, with Pinnacle Wealth Management LLC reducing its stake by 11.8% to 4,586 shares valued at $2.41 million. Meanwhile, TCTC Holdings LLC increased its holdings by 75%, and Bartlett & CO. Wealth Management LLC boosted its position by 132% in the first quarter. Analysts revised price targets, with Bank of America raising its target to $1,000 and Raymond James Financial increasing its estimate to $855, reflecting renewed confidence in the company’s growth trajectory.

Recent earnings highlighted Axon’s strong performance, reporting $2.12 per share, exceeding estimates by $0.58 and achieving a 32.6% year-over-year revenue increase. However, insider sales drew attention, as President Joshua Isner and other executives collectively sold 53,695 shares worth $40.96 million within 90 days, signaling potential shifts in internal sentiment. Despite these sales, institutional ownership remains robust at 79.08%, underscoring long-term investor commitment.

The strategy of buying the top 500 stocks by daily trading volume and holding for one day from 2022 to present yielded a total profit of $2,385.14 as of the latest data. Performance remained stable with minor fluctuations, indicating moderate returns for the approach.