Here's Insiders Fund's View on Axon Enterprises (AXON)

Alpha Wealth Funds, LLC, an investment management company, released its Q3 2025 letter for the “Insiders Fund”. A copy of the letter can be downloaded here. The fund returned 4.96% in September, bringing the YTD returns to 21.37%. This compares to the benchmark, S&P 500 September return of 3.65% and the year-to-date return through September 30, 2025, of 14.83%. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Alpha Wealth Insiders Fund highlighted stocks such as Axon Enterprise, Inc. (NASDAQ:AXON). Axon Enterprise, Inc. (NASDAQ:AXON) manufactures conducted energy devices (CEDs) under the TASER brand. The one-month return for Axon Enterprise, Inc. (NASDAQ:AXON) was 3.15%, and its shares lost 4.79% over the last 52 weeks. On December 31, 2025, Axon Enterprise, Inc. (NASDAQ:AXON) stock closed at $567.93 per share, with a market capitalization of $45.115 billion.

Alpha Wealth Insiders Fund stated the following regarding Axon Enterprise, Inc. (NASDAQ:AXON) in its third quarter 2025 investor letter:

"Business: Axon Enterprise, Inc. (NASDAQ:AXON), formerly TASER International, makes conducted-energy devices, body cameras, and cloud software for law enforcement and public safety. Its ecosystem—devices, sensors, Evidence.com, and AI tools—drives strong recurring revenue. Strengths include brand leadership and integrated platforms, while risks involve ethics, regulation, and reliance on government budgets. Expanding into retail, healthcare, and smart-city surveillance, Axon projects $2.55–2.65B revenue for 2025.

Insider Buying: there has been some insider buying in Axon. In August 2025, Director Hadi Partovi purchased 1,358 shares (~US$1.0 million) at ~$740 per share. However, insider activity is overwhelmingly dominated by selling, with only 1 insider buy vs ~49 insider sells over the past year…”(Click here to read the full text)

Axon Enterprise, Inc. (NASDAQ:AXON) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 61 hedge fund portfolios held Axon Enterprise, Inc. (NASDAQ:AXON) at the end of the third quarter, which was 62 in the previous quarter. In the third quarter, Axon Enterprise, Inc. (NASDAQ:AXON) generated $711 million in revenue, representing a 31% increase year-over-year. While we acknowledge the potential of Axon Enterprise, Inc. (NASDAQ:AXON) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Axon Enterprise, Inc. (NASDAQ:AXON) and shared the list of high growth large cap stocks to buy. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.