1,246,744 Shares in Axon Enterprise, Inc $AXON Bought by Nykredit A S

Nykredit A S recently acquired 1.25 million shares of Axon Enterprise, Inc. (NASDAQ:AXON) worth approximately $699 million, representing 2.2% of its portfolio and 1.53% of Axon's outstanding shares. Despite strong Q2 revenue growth of 35.3% and adjusted earnings beating expectations, Axon's stock faces high valuation concerns with a P/E ratio of 188. Insider selling and the issuance of convertible notes due to dilute shareholders have also impacted investor sentiment.