OneDigital Investment Advisors LLC Buys 541 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

OneDigital Investment Advisors LLC grew its stake in Axon Enterprise, Inc. (NASDAQ:AXON) by 35.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,053 shares of the biotechnology company’s stock after purchasing an additional 541 shares during the period. OneDigital Investment Advisors LLC’s holdings in Axon Enterprise were worth $820,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. 1832 Asset Management L.P. bought a new position in Axon Enterprise in the first quarter worth $81,630,000. International Assets Investment Management LLC acquired a new stake in shares of Axon Enterprise during the 3rd quarter valued at about $871,860,000. Swedbank AB acquired a new stake in shares of Axon Enterprise during the 1st quarter valued at about $39,923,000. Vaughan Nelson Investment Management L.P. increased its stake in Axon Enterprise by 53.2% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 157,094 shares of the biotechnology company’s stock valued at $46,223,000 after acquiring an additional 54,526 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Axon Enterprise by 13.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 368,732 shares of the biotechnology company’s stock worth $108,496,000 after purchasing an additional 45,049 shares in the last quarter. Institutional investors own 79.08% of the company’s stock.

Insider Activity

In other news, CEO Patrick W. Smith sold 70,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $362.21, for a total transaction of $25,354,700.00. Following the sale, the chief executive officer now directly owns 2,945,366 shares in the company, valued at approximately $1,066,841,018.86. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Joshua Isner sold 25,811 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $359.84, for a total transaction of $9,287,830.24. Following the sale, the president now directly owns 228,166 shares in the company, valued at $82,103,253.44. The trade was a 10.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 410,556 shares of company stock worth $161,192,754. Corporate insiders own 5.70% of the company’s stock.

Axon Enterprise Stock Performance

Shares of Axon Enterprise stock opened at $610.20 on Wednesday. The company has a 50 day moving average of $448.52 and a 200-day moving average of $361.95. The company has a market cap of $46.53 billion, a PE ratio of 157.67, a price-to-earnings-growth ratio of 15.05 and a beta of 0.94. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a 1-year low of $224.16 and a 1-year high of $624.84.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AXON shares. The Goldman Sachs Group raised their target price on Axon Enterprise from $385.00 to $441.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Needham & Company LLC lifted their price objective on Axon Enterprise from $525.00 to $600.00 and gave the company a “buy” rating in a report on Friday, November 8th. Northland Securities upped their target price on shares of Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Craig Hallum lifted their price target on shares of Axon Enterprise from $370.00 to $376.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, JMP Securities boosted their price target on shares of Axon Enterprise from $430.00 to $500.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $427.83.

Axon Enterprise 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.