Aquatic Capital Management LLC Boosts Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Aquatic Capital Management LLC grew its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 309.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,458 shares of the biotechnology company's stock after buying an additional 23,018 shares during the period. Aquatic Capital Management LLC's holdings in Axon Enterprise were worth $18,102,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AXON. Wilmington Savings Fund Society FSB bought a new stake in shares of Axon Enterprise during the third quarter valued at about $759,000. Tidal Investments LLC increased its position in shares of Axon Enterprise by 13.8% during the third quarter. Tidal Investments LLC now owns 3,250 shares of the biotechnology company's stock valued at $1,299,000 after buying an additional 394 shares during the period. Denver PWM LLC increased its position in shares of Axon Enterprise by 69.7% during the third quarter. Denver PWM LLC now owns 414 shares of the biotechnology company's stock valued at $165,000 after buying an additional 170 shares during the period. Oddo BHF Asset Management Sas bought a new stake in shares of Axon Enterprise during the third quarter valued at about $1,522,000. Finally, Brass Tax Wealth Management Inc. bought a new stake in shares of Axon Enterprise during the third quarter valued at about $240,000. 79.08% of the stock is currently owned by institutional investors.

Insider Activity at Axon Enterprise

In related news, Director Jeri Williams sold 307 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $552.72, for a total transaction of $169,685.04. Following the transaction, the director now owns 1,627 shares of the company's stock, valued at approximately $899,275.44. This trade represents a 15.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick W. Smith sold 10,000 shares of the firm's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $540.99, for a total transaction of $5,409,900.00. Following the completion of the sale, the chief executive officer now directly owns 3,063,982 shares in the company, valued at approximately $1,657,583,622.18. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.

Axon Enterprise Trading Up 1.4 %

Shares of AXON stock traded up $8.67 on Tuesday, hitting $611.13. 399,519 shares of the company's stock traded hands, compared to its average volume of 768,425. 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, Inc. has a one year low of $273.52 and a one year high of $715.99. The company's fifty day simple moving average is $547.11 and its 200 day simple moving average is $574.11. The stock has a market capitalization of $47.58 billion, a price-to-earnings ratio of 157.92, a P/E/G ratio of 5.17 and a beta of 1.13.

Analysts Set New Price Targets

AXON has been the topic of several research analyst reports. TD Cowen initiated coverage on shares of Axon Enterprise in a research report on Wednesday, January 8th. They issued a "buy" rating and a $700.00 price objective on the stock. Barclays reissued a "hold" rating on shares of Axon Enterprise in a report on Monday, March 10th. The Goldman Sachs Group increased their price target on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a "buy" rating in a report on Monday, January 27th. JMP Securities reissued an "outperform" rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Finally, Northcoast Research lowered shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Axon Enterprise has a consensus rating of "Moderate Buy" and a consensus target price of $626.45.

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.