Axon Enterprise, Inc. (NASDAQ:AXON) Stock Holdings Trimmed by Mariner LLC

Mariner LLC lowered its stake in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,589 shares of the biotechnology company's stock after selling 707 shares during the period. Mariner LLC's holdings in Axon Enterprise were worth $9,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new stake in Axon Enterprise during the fourth quarter worth approximately $40,000. Y.D. More Investments Ltd purchased a new stake in shares of Axon Enterprise in the 4th quarter valued at about $45,000. Stonebridge Financial Group LLC acquired a new stake in shares of Axon Enterprise in the 4th quarter valued at about $53,000. GPS Wealth Strategies Group LLC grew its stake in Axon Enterprise by 74.1% during 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 last quarter. Finally, Versant Capital Management Inc increased its position in Axon Enterprise by 4,750.0% during the fourth quarter. Versant Capital Management Inc now owns 97 shares of the biotechnology company's stock worth $58,000 after buying an additional 95 shares during the period. 79.08% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of the stock in a transaction 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 directly owns 1,627 shares in the company, valued at $899,275.44. This represents a 15.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Patrick W. Smith sold 10,000 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $540.99, for a total value of $5,409,900.00. Following the completion of the sale, the chief executive officer now directly owns 3,063,982 shares of the company's stock, valued at approximately $1,657,583,622.18. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AXON. JMP Securities reiterated an "outperform" rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. The Goldman Sachs Group upped their price target on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a "buy" rating in a report on Monday, January 27th. Needham & Company LLC restated a "buy" rating and set a $600.00 price objective on shares of Axon Enterprise in a research report on Wednesday. TD Cowen began coverage on Axon Enterprise in a report on Wednesday, January 8th. They set a "buy" rating and a $700.00 target price on the stock. Finally, Craig Hallum cut Axon Enterprise from a "buy" rating to a "cautious" rating in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $626.45.

Axon Enterprise Stock Up 1.8 %

Shares of NASDAQ:AXON traded up $10.66 during midday trading on Thursday, hitting $587.56. 171,386 shares of the company's stock traded hands, compared to its average volume of 775,279. 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, Inc. has a twelve month low of $273.52 and a twelve month high of $715.99. The company has a market cap of $45.74 billion, a PE ratio of 151.82, a P/E/G ratio of 5.17 and a beta of 1.13. The firm's fifty day moving average price is $549.49 and its two-hundred day moving average price is $568.33.

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.