If You Bought 1 Share of Axon Enterprise at Its IPO, Here's How Many Shares You Would Own Now

Axon Enterprise (NASDAQ: AXON), the leading manufacturer of police body cameras and Taser devices, trades at over $550 per share and is a potential candidate for a stock split.

Before considering that possibility, it's worth examining how Axon's long-term investors have benefited from holding their shares since the company first began trading on the Nasdaq stock market.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »

A brief history of Axon Enterprise stock

Axon was founded in 1993 under the name of its flagship product, Air Taser, with a mission of reducing gun deaths. The company went public in 2001, but its share price floundered until the tragic events of September 11.

Shortly after, airlines began entering into contracts with the company for its redesigned Taser product, the nonlethal stun gun designed to immobilize its target, and the business took off from there. With a soaring stock price, the company underwent three separate stock splits in 2004.

It then introduced its now-namesake body cameras, Axon, in 2008. The stock has continued its up-and-to-the-right growth trajectory.

Due to Axon's three stock splits, each share from its initial public offering (IPO) has now become 12 shares. IPO investors have seen the stock jump 500-fold.

Data source: Axon Enterprise. Chart by author.

Will Axon Enterprise split its stock again?

In late 2004, CEO Rick Smith said that Axon's splits were intended to "increase market liquidity and enhance the securities' appeal to both private and institutional investors." Given that the stock now trades at $550, the same rationale could support another split.

However, investing solely in anticipation of a stock split is rarely a sound strategy. A more prudent approach is to evaluate the company's fundamentals, an area where Axon continues to excel. With $2.1 billion in revenue in 2024 and a third consecutive year of 30% annual growth, the company's trajectory remains compelling for long-term investors.

Should you invest $1,000 in Axon Enterprise right now?

Before you buy stock in Axon Enterprise, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Axon Enterprise wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $720,291!*

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of March 18, 2025

Collin Brantmeyer has positions in Axon Enterprise. The Motley Fool has positions in and recommends Axon Enterprise. The Motley Fool has a disclosure policy.