Institutional investors, including Tobam, increased stakes in Axon Enterprise following strong Q3 earnings.

Tobam increased its stake in Axon Enterprise (NASDAQ: AXON) by 160.6%, joining other institutional investors who also raised their holdings. Axon reported Q3 earnings of $1.20 per share, exceeding estimates, with revenues of $504 million. Analysts have raised price targets, with an average target of $365.38. Despite insider stock sales, institutional ownership remains high at 79.08%. The company's stock reflects solid performance and growing investor interest.