Axon Enterprise, Inc. (NASDAQ:AXON) Stake Boosted by Scalar Gauge Management LLC

Scalar Gauge Management LLC lifted its holdings in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 44.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,400 shares of the biotechnology company's stock after acquiring an additional 8,400 shares during the period. Axon Enterprise makes up approximately 7.5% of Scalar Gauge Management LLC's portfolio, making the stock its 3rd biggest position. Scalar Gauge Management LLC's holdings in Axon Enterprise were worth $16,284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AXON. Prestige Wealth Management Group LLC increased its holdings 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 in the last quarter. New Wave Wealth Advisors LLC acquired a new stake in shares of Axon Enterprise during the 4th quarter worth approximately $40,000. Y.D. More Investments Ltd bought a new stake in shares of Axon Enterprise in the 4th quarter valued at $45,000. Stonebridge Financial Group LLC acquired a new position in shares of Axon Enterprise during the 4th quarter valued at $53,000. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of Axon Enterprise by 74.1% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company's stock valued at $56,000 after acquiring an additional 40 shares during the period. 79.08% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research firms have weighed in on AXON. Needham & Company LLC reaffirmed a "buy" rating and issued a $600.00 price target on shares of Axon Enterprise in a research note on Wednesday, February 26th. Barclays restated a "hold" rating on shares of Axon Enterprise in a research note on Monday, March 10th. Craig Hallum downgraded Axon Enterprise from a "buy" rating to a "cautious" rating in a research note on Monday, March 10th. JMP Securities reiterated an "outperform" rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Finally, Northcoast Research downgraded Axon Enterprise from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $604.67.

Insider Activity at Axon Enterprise

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of Axon Enterprise 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 transaction, the director now owns 1,627 shares of the company's stock, valued at $899,275.44. This trade represents a 15.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.10% of the stock is owned by insiders.

Axon Enterprise Stock Down 7.4 %

NASDAQ:AXON traded down $40.04 during trading hours on Friday, hitting $499.65. 426,245 shares of the company traded hands, compared to its average volume of 803,526. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. The company has a market cap of $38.28 billion, a PE ratio of 129.11, a PEG ratio of 5.17 and a beta of 1.13. The firm's 50-day simple moving average is $584.52 and its 200-day simple moving average is $552.70. Axon Enterprise, Inc. has a one year low of $273.52 and a one year high of $715.99.

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.