Axon Enterprise, Inc. (NASDAQ:AXON) Shares Sold by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC lowered its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 38.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 695 shares of the biotechnology company’s stock after selling 438 shares during the period. Thoroughbred Financial Services LLC’s holdings in Axon Enterprise were worth $413,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AXON. Prestige Wealth Management Group LLC grew its holdings in Axon Enterprise by 115.8% in 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 purchased a new position in shares of Axon Enterprise during the 4th quarter worth approximately $40,000. Y.D. More Investments Ltd acquired a new position in shares of Axon Enterprise during the 4th quarter worth approximately $45,000. Stonebridge Financial Group LLC purchased a new stake in Axon Enterprise in the 4th quarter valued at approximately $53,000. Finally, GPS Wealth Strategies Group LLC grew its holdings in Axon Enterprise by 74.1% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company’s stock valued at $56,000 after buying an additional 40 shares during the last quarter. 79.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AXON has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $600.00 price target on shares of Axon Enterprise in a report on Wednesday, February 26th. Craig Hallum downgraded shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a research note on Monday, March 10th. The Goldman Sachs Group raised their price target on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Northcoast Research lowered shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. Finally, Barclays reissued a “hold” rating on shares of Axon Enterprise in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $604.67.

Insiders Place Their Bets

In other news, Director Jeri Williams sold 307 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $552.72, for a total value of $169,685.04. Following the completion of the sale, the director now owns 1,627 shares of the company’s stock, valued at $899,275.44. This represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.10% of the stock is owned by insiders.

Axon Enterprise Stock Down 7.9 %

Shares of NASDAQ:AXON opened at $497.13 on Monday. The stock has a 50-day simple moving average of $582.26 and a 200-day simple moving average of $555.87. The stock has a market capitalization of $38.09 billion, a P/E ratio of 128.46, a PEG ratio of 5.17 and a beta of 1.13. Axon Enterprise, Inc. has a 1 year low of $273.52 and a 1 year high of $715.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96.

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.