Atala Financial Inc Buys Shares of 1,220 Axon Enterprise, Inc. (NASDAQ:AXON)

Atala Financial Inc purchased a new position in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,220 shares of the biotechnology company's stock, valued at approximately $725,000.

A number of other large investors also recently modified their holdings of AXON. Prestige Wealth Management Group LLC lifted its position 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 worth $33,000 after purchasing an additional 44 shares during the period. New Wave Wealth Advisors LLC bought a new stake in shares of Axon Enterprise in the 4th quarter worth $40,000. Brooklyn Investment Group bought a new stake in shares of Axon Enterprise in the 3rd quarter worth $41,000. Y.D. More Investments Ltd acquired a new stake in shares of Axon Enterprise in the fourth quarter valued at $45,000. Finally, Planning Capital Management Corp boosted its stake in Axon Enterprise by 83.3% during the third quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company's stock valued at $48,000 after buying an additional 55 shares in the last quarter. 79.08% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Axon Enterprise

In other Axon Enterprise news, insider Jeffrey C. Kunins sold 1,035 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $624.47, for a total value of $646,326.45. Following the completion of the sale, the insider now owns 124,243 shares in the company, valued at $77,586,026.21. This represents a 0.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total transaction of $271,831.50. Following the transaction, the director now owns 6,929 shares in the company, valued at approximately $4,185,601.03. This represents a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.

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Axon Enterprise Stock Down 2.7 %

Axon Enterprise stock traded down $14.83 during mid-day trading on Tuesday, hitting $539.99. The company's stock had a trading volume of 558,304 shares, compared to its average volume of 857,660. 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 52-week low of $273.52 and a 52-week high of $715.99. The firm's 50 day moving average is $593.10 and its 200 day moving average is $538.04. The company has a market cap of $41.38 billion, a PE ratio of 139.53, a price-to-earnings-growth ratio of 5.17 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AXON shares. 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 target on the stock. Craig Hallum cut shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a report on Monday, March 10th. Barclays reaffirmed a "hold" rating on shares of Axon Enterprise in a report on Monday, March 10th. JMP Securities reiterated an "outperform" rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. Finally, Morgan Stanley upgraded Axon Enterprise from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $500.00 to $700.00 in a report on Tuesday, December 3rd. One equities research 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. According to data from MarketBeat, Axon Enterprise has a consensus rating of "Moderate Buy" and an average target price of $604.67.

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.