Azimuth Capital Investment Management LLC Sells 36,575 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Azimuth Capital Investment Management LLC decreased its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 50.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,649 shares of the biotechnology company's stock after selling 36,575 shares during the period. Azimuth Capital Investment Management LLC's holdings in Axon Enterprise were worth $21,187,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Prestige Wealth Management Group LLC grew its position 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. New Wave Wealth Advisors LLC bought a new stake in Axon Enterprise during the fourth quarter worth about $40,000. Y.D. More Investments Ltd purchased a new stake in Axon Enterprise in the fourth quarter worth about $45,000. Stonebridge Financial Group LLC bought a new position in shares of Axon Enterprise during the fourth quarter valued at approximately $53,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of 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 purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 79.08% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AXON. TD Cowen started coverage on Axon Enterprise in a research report on Wednesday, January 8th. They set a "buy" rating and a $700.00 price objective for the company. The Goldman Sachs Group raised their price target on Axon Enterprise from $500.00 to $700.00 and gave the company a "buy" rating in a report on Monday, January 27th. JMP Securities reiterated an "outperform" rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. Barclays restated a "hold" rating on shares of Axon Enterprise in a research note on Monday, March 10th. Finally, Northcoast Research downgraded shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $626.45.

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Insider Buying and Selling at Axon Enterprise

In related news, Director Jeri Williams sold 307 shares of the business'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 completion of the sale, the director now directly owns 1,627 shares in the company, valued at approximately $899,275.44. The trade was a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.10% of the company's stock.

Axon Enterprise Stock Performance

Axon Enterprise stock traded up $8.15 during mid-day trading on Monday, reaching $576.13. 226,376 shares of the stock traded hands, compared to its average volume of 806,805. The stock has a market capitalization of $44.14 billion, a PE ratio of 148.87, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. The business's 50-day moving average is $567.07 and its 200-day moving average is $561.71. Axon Enterprise, Inc. has a 12-month low of $273.52 and a 12-month high of $715.99.

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.