Edmond DE Rothschild Holding S.A. Sells 209,878 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Edmond DE Rothschild Holding S.A. lessened its stake in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 99.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122 shares of the biotechnology company's stock after selling 209,878 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Axon Enterprise were worth $73,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Prestige Wealth Management Group LLC raised 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 buying an additional 44 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in Axon Enterprise in the 4th quarter worth approximately $40,000. Y.D. More Investments Ltd bought a new position in Axon Enterprise in the 4th quarter valued at approximately $45,000. Stonebridge Financial Group LLC purchased a new stake in Axon Enterprise during the 4th quarter valued at $53,000. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of 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 purchasing an additional 40 shares during the last quarter. Institutional investors own 79.08% of the company's stock.

Insider Buying and Selling at Axon Enterprise

In other 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 value of $169,685.04. Following the completion of the sale, the director now directly owns 1,627 shares of the company's stock, valued at $899,275.44. This 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. Insiders own 6.10% of the company's stock.

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Axon Enterprise Stock Performance

Shares of AXON stock traded up $5.42 during trading hours on Monday, reaching $502.55. 1,003,223 shares of the company traded hands, compared to its average volume of 815,503. The firm has a 50-day moving average price of $580.21 and a 200 day moving average price of $556.67. The company has a market cap of $38.51 billion, a P/E ratio of 129.86, a P/E/G ratio of 5.17 and a beta of 1.13. Axon Enterprise, Inc. has a 12-month low of $273.52 and a 12-month high of $715.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63.

Analyst Ratings Changes

Several research firms recently commented on AXON. JMP Securities reaffirmed an "outperform" rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. Craig Hallum cut shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a report on Monday, March 10th. TD Cowen began coverage on shares of Axon Enterprise in a research report on Wednesday, January 8th. They set a "buy" rating and a $700.00 price objective on the stock. The Goldman Sachs Group boosted their target price on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, Needham & Company LLC restated a "buy" rating and issued a $600.00 price target on shares of Axon Enterprise in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $604.67.

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.