10,614 Shares in Axon Enterprise, Inc. (NASDAQ:AXON) Purchased by CenterBook Partners LP

CenterBook Partners LP bought a new position in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,614 shares of the biotechnology company's stock, valued at approximately $6,308,000.

A number of other institutional investors have also 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 bought a new position in shares of Axon Enterprise during the 4th quarter worth $40,000. Y.D. More Investments Ltd purchased a new position in shares of Axon Enterprise during the fourth quarter valued at $45,000. Stonebridge Financial Group LLC bought a new stake in shares of Axon Enterprise in the fourth quarter valued at about $53,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in Axon Enterprise by 74.1% in the fourth 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 during the period. 79.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AXON shares. TD Cowen assumed coverage on shares of Axon Enterprise in a report on Wednesday, January 8th. They issued a "buy" rating and a $700.00 price target for the company. Craig Hallum lowered Axon Enterprise from a "buy" rating to a "cautious" rating in a report on Monday, March 10th. JMP Securities reiterated an "outperform" rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Northcoast Research cut Axon Enterprise from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 19th. Finally, 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 report on Monday, January 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $626.45.

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Insider Activity

In related news, Director Jeri Williams sold 307 shares of the firm's 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 6.10% of the company's stock.

Axon Enterprise Stock Performance

AXON stock traded up $10.80 during midday trading on Monday, reaching $578.78. The stock had a trading volume of 266,744 shares, compared to its average volume of 807,547. The firm has a fifty day simple moving average of $567.07 and a two-hundred day simple moving average of $561.71. Axon Enterprise, Inc. has a 52-week low of $273.52 and a 52-week high of $715.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. The stock has a market cap of $44.35 billion, a PE ratio of 149.56, a P/E/G ratio of 5.17 and a beta of 1.13.

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.