Axon Enterprise, Inc. (NASDAQ:AXON) Insider Jeffrey C. Kunins Sells 1,370 Shares

Axon Enterprise, Inc. (NASDAQ:AXON - Get Free Report) insider Jeffrey C. Kunins sold 1,370 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $639.14, for a total value of $875,621.80. Following the transaction, the insider now owns 125,950 shares in the company, valued at $80,499,683. This represents a 1.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Axon Enterprise Trading Down 2.1 %

Shares of AXON traded down $13.54 during midday trading on Tuesday, hitting $635.76. 1,496,467 shares of the stock were exchanged, compared to its average volume of 581,323. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. The firm has a market cap of $48.48 billion, a P/E ratio of 164.28, a P/E/G ratio of 14.19 and a beta of 1.01. Axon Enterprise, Inc. has a 52-week low of $241.72 and a 52-week high of $698.67. The stock has a fifty day simple moving average of $548.26 and a 200 day simple moving average of $411.38.

Hedge Funds Weigh In On Axon Enterprise

Several institutional investors have recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its holdings in Axon Enterprise by 19.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,104 shares of the biotechnology company's stock worth $1,240,000 after buying an additional 500 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Axon Enterprise by 9.2% in the third quarter. CIBC Asset Management Inc now owns 10,578 shares of the biotechnology company's stock valued at $4,227,000 after acquiring an additional 895 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in Axon Enterprise in the third quarter valued at $221,000. Sequoia Financial Advisors LLC grew its stake in Axon Enterprise by 4.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,727 shares of the biotechnology company's stock worth $690,000 after purchasing an additional 81 shares in the last quarter. Finally, Axxcess Wealth Management LLC acquired a new position in Axon Enterprise during the 3rd quarter worth $814,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AXON has been the topic of several research analyst reports. Northland Securities lifted their target price on shares of Axon Enterprise from $365.00 to $550.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. JMP Securities boosted their price target on shares of Axon Enterprise from $430.00 to $500.00 and gave the stock a "market outperform" rating in a research report on Thursday, October 31st. Needham & Company LLC raised their target price on shares of Axon Enterprise from $525.00 to $600.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Robert W. Baird upped their price target 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, The Goldman Sachs Group boosted their price objective on Axon Enterprise from $385.00 to $441.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Axon Enterprise currently has an average rating of "Moderate Buy" and an average price target of $488.67.

About Axon Enterprise

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.

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