Jones Financial Companies Lllp Has $4.92 Million Stock Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Jones Financial Companies Lllp raised its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 21.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,280 shares of the biotechnology company’s stock after buying an additional 1,483 shares during the quarter. Jones Financial Companies Lllp’s holdings in Axon Enterprise were worth $4,921,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AXON. Prestige Wealth Management Group LLC grew its stake in shares of Axon Enterprise by 115.8% in the third quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock worth $33,000 after acquiring an additional 44 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in Axon Enterprise in the 4th quarter valued at $40,000. Brooklyn Investment Group acquired a new stake in Axon Enterprise in the 3rd quarter worth $41,000. Y.D. More Investments Ltd bought a new position in shares of Axon Enterprise during the 4th quarter worth about $45,000. Finally, Planning Capital Management Corp raised its position in shares of Axon Enterprise by 83.3% during the third quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock valued at $48,000 after buying an additional 55 shares during the last quarter. 79.08% of the stock is owned by institutional investors.

Axon Enterprise Price Performance

NASDAQ:AXON opened at $528.28 on Wednesday. The firm has a market cap of $40.28 billion, a PE ratio of 136.51, a price-to-earnings-growth ratio of 5.17 and a beta of 1.12. The company’s 50-day moving average price is $607.58 and its two-hundred day moving average price is $526.43. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a 12 month low of $273.52 and a 12 month high of $715.99.

Insider Transactions at Axon Enterprise

In related news, Director Caitlin Elizabeth Kalinowski sold 450 shares of Axon Enterprise stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total value of $271,831.50. Following the completion of the transaction, the director now directly owns 6,929 shares of the company’s stock, valued at $4,185,601.03. The trade was a 6.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Garnreiter sold 1,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $639.69, for a total transaction of $639,690.00. Following the sale, the director now directly owns 24,259 shares in the company, valued at approximately $15,518,239.71. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,146 shares of company stock valued at $3,262,847 in the last three months. 6.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AXON. Robert W. Baird lifted their target price on Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Northland Securities raised their target price on Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. JMP Securities reiterated an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. The Goldman Sachs Group increased their price objective on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Craig Hallum lowered shares of Axon Enterprise from a “buy” rating to a “hold” rating and set a $625.00 target price on the stock. in a research report on Thursday, February 20th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $587.38.

Axon Enterprise Company Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.