Advisors Asset Management Inc. Cuts Stake in Axon Enterprise, Inc. (NASDAQ:AXON)

Advisors Asset Management Inc. trimmed its position in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,313 shares of the biotechnology company's stock after selling 1,129 shares during the period. Advisors Asset Management Inc.'s holdings in Axon Enterprise were worth $17,421,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of AXON. Prestige Wealth Management Group LLC lifted its stake in shares of Axon Enterprise by 115.8% during the third 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. New Wave Wealth Advisors LLC acquired a new stake in shares of Axon Enterprise during the fourth quarter worth $40,000. Brooklyn Investment Group acquired a new stake in shares of Axon Enterprise during the third quarter worth $41,000. Y.D. More Investments Ltd acquired a new stake in shares of Axon Enterprise during the fourth quarter worth $45,000. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Axon Enterprise during the fourth quarter worth $53,000. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Axon Enterprise

In related news, Director Jeri Williams sold 307 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 1,627 shares of the company's stock, valued at $899,275.44. This represents a 15.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey C. Kunins sold 1,035 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $624.47, for a total transaction of $646,326.45. Following the sale, the insider now directly owns 124,243 shares in the company, valued at approximately $77,586,026.21. The trade was a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,792 shares of company stock worth $1,087,843 in the last ninety days. 5.70% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

AXON has been the subject of several research reports. The Goldman Sachs Group lifted their price objective on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. TD Cowen initiated coverage on shares of Axon Enterprise in a research report on Wednesday, January 8th. They set a "buy" rating and a $700.00 target price for the company. Morgan Stanley upgraded shares of Axon Enterprise from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $500.00 to $700.00 in a research report on Tuesday, December 3rd. Robert W. Baird boosted their target price on shares of Axon Enterprise from $600.00 to $800.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Finally, Needham & Company LLC restated a "buy" rating and set a $600.00 target price on shares of Axon Enterprise in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $604.67.

Axon Enterprise Price Performance

Shares of AXON stock traded up $1.59 on Friday, reaching $560.00. 802,214 shares of the company were exchanged, compared to its average volume of 845,276. The company has a market cap of $42.91 billion, a price-to-earnings ratio of 144.70, a P/E/G ratio of 5.17 and a beta of 1.12. Axon Enterprise, Inc. has a 1 year low of $273.52 and a 1 year high of $715.99. The business has a 50-day moving average price of $591.90 and a 200 day moving average price of $540.96. 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 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.