Fielder Capital Group LLC grew its position in Axon Enterprise, Inc. (NASDAQ:AXON – Free Report) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,176 shares of the biotechnology company’s stock after acquiring an additional 25 shares during the quarter. Fielder Capital Group LLC’s holdings in Axon Enterprise were worth $699,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Prestige Wealth Management Group LLC increased its stake in Axon Enterprise by 115.8% during the third quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after purchasing an additional 44 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Axon Enterprise in the 4th quarter valued at about $40,000. Brooklyn Investment Group bought a new stake in shares of Axon Enterprise during the 3rd quarter valued at about $41,000. Y.D. More Investments Ltd acquired a new stake in Axon Enterprise during the fourth quarter worth about $45,000. Finally, Planning Capital Management Corp lifted its holdings in Axon Enterprise by 83.3% in the third quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock worth $48,000 after acquiring an additional 55 shares during the last quarter. 79.08% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
AXON has been the subject of several recent research reports. Craig Hallum lowered Axon Enterprise from a “buy” rating to a “hold” rating and set a $625.00 target price for the company. in a report on Thursday, February 20th. Northland Securities upped their price objective on Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. JMP Securities reiterated an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. TD Cowen began coverage on shares of Axon Enterprise in a research report on Wednesday, January 8th. They set a “buy” rating and a $700.00 price target for the company. Finally, The Goldman Sachs Group lifted their price objective on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Axon Enterprise presently has a consensus rating of “Moderate Buy” and a consensus price target of $587.38.
Insiders Place Their Bets
In other news, President Joshua Isner sold 1,291 shares of Axon Enterprise stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $642.43, for a total value of $829,377.13. Following the transaction, the president now owns 181,892 shares of the company’s stock, valued at $116,852,877.56. The trade was a 0.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total transaction of $271,831.50. Following the sale, the director now directly owns 6,929 shares of the company’s stock, valued at approximately $4,185,601.03. This represents a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,711 shares of company stock worth $5,631,561 over the last ninety days. Company insiders own 5.70% of the company’s stock.
Axon Enterprise Trading Down 8.2 %
Shares of NASDAQ:AXON opened at $525.63 on Friday. Axon Enterprise, Inc. has a twelve month low of $273.52 and a twelve month high of $715.99. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. The firm has a market cap of $40.08 billion, a P/E ratio of 135.82, a P/E/G ratio of 5.17 and a beta of 1.05. The company has a 50 day moving average of $611.62 and a 200-day moving average of $522.09.
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.
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