Optimize Financial Inc bought a new stake in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 581 shares of the biotechnology company's stock, valued at approximately $345,000.
Other large investors also recently made changes to their positions in the company. Townsquare Capital LLC grew its position in shares of Axon Enterprise by 40.0% during the fourth quarter. Townsquare Capital LLC now owns 913 shares of the biotechnology company's stock worth $542,000 after acquiring an additional 261 shares during the last quarter. Next Century Growth Investors LLC acquired a new position in Axon Enterprise during the 4th quarter worth $1,316,000. Oder Investment Management LLC bought a new position in shares of Axon Enterprise during the 4th quarter worth about $229,000. Petros Family Wealth LLC bought a new position in shares of Axon Enterprise during the 4th quarter worth approximately $367,000. Finally, Andrew Hill Investment Advisors Inc. grew its position in Axon Enterprise by 6.3% during the 4th quarter. Andrew Hill Investment Advisors Inc. now owns 4,269 shares of the biotechnology company's stock worth $2,537,000 after acquiring an additional 254 shares during the last quarter. Hedge funds and other institutional investors own 79.08% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the stock. The Goldman Sachs Group upped 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. TD Cowen began coverage on Axon Enterprise in a report on Wednesday, January 8th. They issued a "buy" rating and a $700.00 target price on the stock. JMP Securities restated an "outperform" rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Needham & Company LLC reiterated a "buy" rating and set a $600.00 price objective on shares of Axon Enterprise in a report on Wednesday, February 26th. Finally, Northcoast Research lowered shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $626.45.
Check Out Our Latest Stock Report on AXON
Insider Transactions at Axon Enterprise
In other Axon Enterprise news, Director Jeri Williams sold 307 shares of Axon Enterprise stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $552.72, for a total transaction of $169,685.04. Following the completion of the transaction, the director now owns 1,627 shares in the company, valued at approximately $899,275.44. This trade represents a 15.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.10% of the company's stock.
Axon Enterprise Stock Down 2.2 %
Shares of Axon Enterprise stock traded down $12.32 during trading on Friday, hitting $559.53. 519,604 shares of the stock traded hands, compared to its average volume of 796,658. The firm has a market cap of $42.87 billion, a P/E ratio of 144.58, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13. The stock's fifty day simple moving average is $558.46 and its 200 day simple moving average is $564.23. Axon Enterprise, Inc. has a 52-week low of $273.52 and a 52-week 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.
About Axon Enterprise
(
Free Report)
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.
See Also
Before you consider Axon Enterprise, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Axon Enterprise wasn't on the list.
While Axon Enterprise currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
