JSF Financial LLC Increases Stake in Axon Enterprise, Inc. (NASDAQ:AXON)

JSF Financial LLC lifted its stake in Axon Enterprise, Inc. (NASDAQ:AXON) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,899 shares of the biotechnology company’s stock after purchasing an additional 41 shares during the quarter. JSF Financial LLC’s holdings in Axon Enterprise were worth $1,723,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prestige Wealth Management Group LLC increased its holdings in Axon Enterprise by 115.8% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock worth $33,000 after buying an additional 44 shares during the period. New Wave Wealth Advisors LLC acquired a new stake in shares of Axon Enterprise during the 4th quarter worth approximately $40,000. Brooklyn Investment Group acquired a new stake in shares of Axon Enterprise during the 3rd quarter worth approximately $41,000. Y.D. More Investments Ltd acquired a new stake in shares of Axon Enterprise during the 4th quarter worth approximately $45,000. Finally, Planning Capital Management Corp grew its stake in shares of Axon Enterprise by 83.3% during the 3rd quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock worth $48,000 after purchasing an additional 55 shares during the period. 79.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Axon Enterprise

In other Axon Enterprise 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey C. Kunins sold 2,304 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $654.79, for a total value of $1,508,636.16. Following the transaction, the insider now directly owns 128,542 shares of the company’s stock, valued at approximately $84,168,016.18. This represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,711 shares of company stock worth $5,631,561. Company insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AXON. Morgan Stanley raised shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $500.00 to $700.00 in a research note on Tuesday, December 3rd. Northland Securities lifted their price target on shares of Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Needham & Company LLC lifted their price target on shares of Axon Enterprise from $525.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, November 8th. JMP Securities lifted their price target on shares of Axon Enterprise from $610.00 to $725.00 and gave the company a “market outperform” rating in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group lifted their price target 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. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $542.15.

Axon Enterprise Stock Down 0.2 %

Shares of AXON opened at $677.85 on Tuesday. The firm has a market cap of $51.69 billion, a P/E ratio of 175.16, a price-to-earnings-growth ratio of 6.79 and a beta of 1.05. Axon Enterprise, Inc. has a 12-month low of $255.68 and a 12-month high of $698.67. The company’s 50-day moving average price is $624.26 and its 200 day moving average price is $498.90. 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 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.