HBK Sorce Advisory LLC Takes Position in Axon Enterprise, Inc. (NASDAQ:AXON)

HBK Sorce Advisory LLC purchased a new stake in Axon Enterprise, Inc. (NASDAQ:AXON) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 431 shares of the biotechnology company’s stock, valued at approximately $256,000.

Other large investors have also modified their holdings of the company. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Axon Enterprise by 6.1% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 16,615 shares of the biotechnology company’s stock valued at $10,040,000 after buying an additional 958 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Axon Enterprise in the 4th quarter valued at $41,025,000. Rakuten Securities Inc. raised its holdings in shares of Axon Enterprise by 1,332.1% in the 4th quarter. Rakuten Securities Inc. now owns 401 shares of the biotechnology company’s stock valued at $238,000 after buying an additional 373 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in shares of Axon Enterprise in the 4th quarter valued at $1,050,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Axon Enterprise by 66.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the biotechnology company’s stock valued at $865,000 after buying an additional 581 shares during the period. Institutional investors and hedge funds own 79.08% of the company’s stock.

Analyst Ratings Changes

AXON has been the topic of several research analyst reports. Robert W. Baird boosted their price objective on Axon Enterprise from $600.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Barclays reiterated a “hold” rating on shares of Axon Enterprise in a report on Monday, March 10th. Needham & Company LLC reiterated a “buy” rating and issued a $600.00 price objective on shares of Axon Enterprise in a report on Wednesday, February 26th. Northcoast Research downgraded Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. Finally, TD Cowen began coverage on Axon Enterprise in a report on Wednesday, January 8th. They set a “buy” rating and a $700.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Axon Enterprise has an average rating of “Moderate Buy” and a consensus target price of $604.67.

Axon Enterprise Trading Up 4.1 %

AXON opened at $556.26 on Friday. Axon Enterprise, Inc. has a one year low of $273.52 and a one year high of $715.99. The company has a market cap of $42.62 billion, a P/E ratio of 143.74, a PEG ratio of 5.17 and a beta of 1.12. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. The business’s 50-day simple moving average is $593.42 and its 200-day simple moving average is $535.46.

Insider Activity

In related news, President Joshua Isner sold 1,291 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $642.43, for a total value of $829,377.13. Following the completion of the sale, the president now directly owns 181,892 shares of the company’s stock, valued at $116,852,877.56. This represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total value of $271,831.50. Following the completion of the sale, the director now directly owns 6,929 shares of the company’s stock, valued at approximately $4,185,601.03. This trade represents a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,146 shares of company stock worth $3,262,847. 6.10% of the stock is currently owned by insiders.

About Axon Enterprise

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.