Arete Wealth Advisors LLC Makes New $583,000 Investment in Axon Enterprise, Inc. (NASDAQ:AXON)

Arete Wealth Advisors LLC bought a new position in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 981 shares of the biotechnology company's stock, valued at approximately $583,000.

Several other institutional investors have also made changes to their positions in the company. New Wave Wealth Advisors LLC purchased a new stake in shares of Axon Enterprise during the 4th quarter worth about $40,000. Y.D. More Investments Ltd acquired a new stake in shares of Axon Enterprise in the fourth quarter valued at about $45,000. Prestige Wealth Management Group LLC increased its position in Axon Enterprise by 115.8% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company's stock worth $33,000 after buying an additional 44 shares during the period. Stonebridge Financial Group LLC bought a new stake in Axon Enterprise in the 4th quarter valued at $53,000. Finally, GPS Wealth Strategies Group LLC increased its stake in Axon Enterprise by 74.1% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company's stock valued at $56,000 after acquiring an additional 40 shares during the period. 79.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on AXON shares. Needham & Company LLC reissued a "buy" rating and issued a $600.00 target price on shares of Axon Enterprise in a research note on Wednesday, February 26th. The Goldman Sachs Group increased their target price on Axon Enterprise from $500.00 to $700.00 and gave the stock a "buy" rating in a report on Monday, January 27th. TD Cowen initiated coverage on Axon Enterprise in a report on Wednesday, January 8th. They set a "buy" rating and a $700.00 price objective for the company. Barclays reaffirmed a "hold" rating on shares of Axon Enterprise in a report on Monday, March 10th. Finally, Northcoast Research downgraded shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Axon Enterprise currently has a consensus rating of "Moderate Buy" and a consensus price target of $604.67.

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Axon Enterprise Price Performance

AXON traded down $19.99 on Thursday, hitting $539.85. 158,515 shares of the stock were exchanged, compared to its average volume of 812,376. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. Axon Enterprise, Inc. has a 12 month low of $273.52 and a 12 month high of $715.99. The firm has a market capitalization of $41.36 billion, a price-to-earnings ratio of 139.50, a PEG ratio of 5.17 and a beta of 1.13. The business has a 50-day moving average of $571.11 and a two-hundred day moving average of $558.24.

Insider Transactions at Axon Enterprise

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of the company's stock in a transaction on 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 sale, the director now directly owns 1,627 shares in the company, valued at $899,275.44. This represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.10% of the stock is currently owned by insiders.

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.