Dimensional Fund Advisors LP Cuts Stake in Axon Enterprise, Inc $AXON

Dimensional Fund Advisors LP reduced its stake in Axon Enterprise, Inc. by 10.1% in Q3, now holding 166,529 shares valued at $119.5 million. Despite this, Axon reported strong quarterly earnings, beating analyst expectations with $2.15 EPS and $796.7 million in revenue, an increase of 38.5% year-over-year. The company maintains a “Moderate Buy” consensus rating from analysts, though its high P/E ratio of 340.51 indicates a rich valuation, and recent insider selling has been noted.

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