Bessemer Group Inc. cut its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 272,435 shares of the biotechnology company's stock after selling 72,363 shares during the quarter. Bessemer Group Inc. owned approximately 0.36% of Axon Enterprise worth $161,913,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Prestige Wealth Management Group LLC increased its holdings in Axon Enterprise by 115.8% during the 3rd 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 during the period. New Wave Wealth Advisors LLC purchased a new position in shares of Axon Enterprise during the fourth quarter valued at $40,000. Y.D. More Investments Ltd bought a new stake in shares of Axon Enterprise in the fourth quarter valued at about $45,000. Stonebridge Financial Group LLC purchased a new stake in Axon Enterprise in the fourth quarter worth about $53,000. Finally, GPS Wealth Strategies Group LLC grew its holdings 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 acquiring an additional 40 shares in the last quarter. Institutional investors own 79.08% of the company's stock.
Axon Enterprise Stock Performance
AXON stock traded up $10.80 during trading on Monday, reaching $578.78. The company had a trading volume of 266,744 shares, compared to its average volume of 807,547. 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 $44.35 billion, a price-to-earnings ratio of 149.56, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13. The firm has a 50-day simple moving average of $567.07 and a 200-day simple moving average of $561.71.
Analyst Ratings Changes
Several research firms have recently commented on AXON. Barclays restated a "hold" rating on shares of Axon Enterprise in a report on Monday, March 10th. Northcoast Research downgraded shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 19th. JMP Securities reaffirmed an "outperform" rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. Craig Hallum lowered Axon Enterprise from a "buy" rating to a "cautious" rating in a research report on Monday, March 10th. Finally, TD Cowen assumed coverage on Axon Enterprise in a research report on Wednesday, January 8th. They set a "buy" rating and a $700.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $626.45.
Read Our Latest Stock Report on Axon Enterprise
Insider Transactions at Axon Enterprise
In related news, Director Jeri Williams sold 307 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $552.72, for a total value of $169,685.04. Following the completion of the transaction, the director now owns 1,627 shares in the company, valued at $899,275.44. This trade represents a 15.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.10% of the company's stock.
Axon Enterprise Profile
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Free Report)
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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