5 Best Gun Stocks to Buy In 2022

3. Axon Enterprise, Inc. (NASDAQ:AXON)

Number of Hedge Fund Holders: 26

Axon Enterprise, Inc. (NASDAQ:AXON) is an American company that sells taser guns. These include several types of taser guns with different features and users such as law enforcement and general citizens. The company is headquartered in Scottsdale, Arizona.

Axon Enterprise, Inc. (NASDAQ:AXON) became one of the few gun companies to post growth in its second fiscal quarter. Its earnings revealed that the firm’s Q2 revenues had grown by 31%, building on the 32% growth in the previous quarter. At the same time, it posted a record high operating margin of 7%.

Axon Enterprise, Inc. (NASDAQ:AXON)’s shares have also beaten major stock indexes, as year to date, they are down by 17%, nearly half of the 30% drops in major stock indexes. As this year’s second quarter ended, 26 out of the 895 hedge funds polled by Insider Monkey had invested in Axon Enterprise, Inc. (NASDAQ:AXON).

Axon Enterprise, Inc. (NASDAQ:AXON)’s largest investor is Neal C. Bradsher’s Broadwood Capital which owns 760,062 shares that are worth $70 million.