5 Best Gun Stocks To Buy in 2023

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

Number of Hedge Fund Holders: 36

Axon Enterprise, Inc. (NASDAQ:AXON) sells energy products under its TASER brand. It has recently introduced a national database in the US to offer public information regarding all shooting fatalities from 2021 through June 2023 in all US jurisdictions. In Q2, it reported EPS of $1.11 which was higher than analysts’ expectations of $0.62. For the full-year 2023, the company expects to report $1.51 billion to $1.53 billion in revenue. The company also said during its Q2 earnings call that customers are switching to its new products including TASER 10.

Out of 910 hedge funds profiled by Insider Monkey for Q2 2023 investments, 36 had a stake in Axon Enterprise, Inc. (NASDAQ:AXON). The biggest stakeholder was Broadwood Capital which owned 760,000 stakes of Axon Enterprise, Inc. (NASDAQ:AXON) for roughly $148.3 million.