From Yahoo Finance: 2025-04-01 08:49:00

Sands Capital Management released its Q4 2024 investor letter for the Select Growth Fund. The fund returned 8.8% in Q4, compared to 7.1% for the benchmark. Over one year, the fund returned 24.3%, while the benchmark returned 33.4%. Check out the top 5 holdings for 2024 picks.

In its Q4 2024 letter, Sands Capital highlighted Axon Enterprise, Inc. (NASDAQ: AXON). The stock saw a one-month return of -0.44% and a 70.01% gain over 52 weeks. On March 31, 2025, the stock closed at $525.95 per share with a market cap of $40.846 billion.

Axon Enterprise, Inc. (NASDAQ: AXON) is a leading public-safety technology provider with a focus on body cameras and TASER devices. The company benefits from a secular shift towards safer policing and has a bundling strategy for hardware, software, and training services. Expectations are for software revenue to drive growth in the future.

64 hedge fund portfolios held Axon Enterprise, Inc. (NASDAQ: AXON) at the end of Q4 2024, up from 46 in Q3. The company’s revenue grew 34% YoY to $575 million. While Axon shows promise, AI stocks are seen as having higher return potential within a shorter timeframe. Check out the report on the cheapest AI stock for more information.



Read more at Yahoo Finance: What Makes Axon Enterprise (AXON) an Attractive Bet?