Avantax Advisory Services Inc. Decreases Stock Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Avantax Advisory Services Inc. lessened its holdings in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 8.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,774 shares of the biotechnology company's stock after selling 511 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Axon Enterprise were worth $3,432,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. New Wave Wealth Advisors LLC purchased a new stake in shares of Axon Enterprise in the 4th quarter worth $40,000. Y.D. More Investments Ltd purchased a new stake in shares of Axon Enterprise in the 4th quarter worth $45,000. Prestige Wealth Management Group LLC lifted its holdings in shares of 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 purchased a new stake in shares of Axon Enterprise in the 4th quarter worth $53,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of Axon Enterprise by 74.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company's stock worth $56,000 after buying an additional 40 shares during the period. 79.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AXON. Northcoast Research cut Axon Enterprise from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. The Goldman Sachs Group upped their price objective on Axon Enterprise from $500.00 to $700.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Craig Hallum cut Axon Enterprise from a "buy" rating to a "cautious" rating in a research note on Monday, March 10th. Robert W. Baird upped their target price on Axon Enterprise from $600.00 to $800.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Finally, TD Cowen started coverage on Axon Enterprise in a research report on Wednesday, January 8th. They set a "buy" rating and a $700.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $604.67.

Remove Ads

Axon Enterprise Stock Performance

Axon Enterprise stock traded up $28.12 during midday trading on Wednesday, hitting $568.11. 574,947 shares of the company were exchanged, compared to its average volume of 852,229. The firm has a market capitalization of $43.53 billion, a PE ratio of 146.80, a price-to-earnings-growth ratio of 5.17 and a beta of 1.12. Axon Enterprise, Inc. has a fifty-two week low of $273.52 and a fifty-two week high of $715.99. The business has a fifty day simple moving average of $592.66 and a two-hundred day simple moving average of $539.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96.

Insiders Place Their Bets

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of the stock in a transaction that occurred 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 transaction, the director now owns 1,627 shares in the company, valued at approximately $899,275.44. This represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey C. Kunins sold 1,035 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $624.47, for a total value of $646,326.45. Following the transaction, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,792 shares of company stock worth $1,087,843. 5.70% of the stock is owned by corporate 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.