Farther Finance Advisors LLC Has $865,000 Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Farther Finance Advisors LLC grew its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 66.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,456 shares of the biotechnology company's stock after buying an additional 581 shares during the quarter. Farther Finance Advisors LLC's holdings in Axon Enterprise were worth $865,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AXON. Groupama Asset Managment purchased a new stake in Axon Enterprise during the third quarter worth approximately $200,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Axon Enterprise during the third quarter worth $120,553,000. Proficio Capital Partners LLC acquired a new position in shares of Axon Enterprise during the fourth quarter worth $78,414,000. Westfield Capital Management Co. LP lifted its position in shares of Axon Enterprise by 12.2% during the third quarter. Westfield Capital Management Co. LP now owns 1,175,328 shares of the biotechnology company's stock worth $469,661,000 after purchasing an additional 127,769 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Axon Enterprise by 328.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 145,299 shares of the biotechnology company's stock worth $86,354,000 after purchasing an additional 111,405 shares in the last quarter. 79.08% of the stock is currently owned by hedge funds and other institutional investors.

Axon Enterprise Price Performance

Axon Enterprise stock traded up $28.12 during trading hours on Wednesday, hitting $568.11. 574,947 shares of the company traded hands, compared to its average volume of 852,229. The firm has a market cap of $43.53 billion, a P/E ratio of 146.80, a P/E/G ratio of 5.17 and a beta of 1.12. 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 firm's 50-day simple moving average is $592.66 and its two-hundred day simple moving average is $539.27. Axon Enterprise, Inc. has a 1-year low of $273.52 and a 1-year high of $715.99.

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Analyst Upgrades and Downgrades

A number of research firms have recently commented on AXON. The Goldman Sachs Group boosted their target price 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. Needham & Company LLC reiterated a "buy" rating and set a $600.00 price objective on shares of Axon Enterprise in a research note on Wednesday, February 26th. Morgan Stanley upgraded shares of Axon Enterprise from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $500.00 to $700.00 in a research note on Tuesday, December 3rd. Craig Hallum downgraded shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a research report on Monday, March 10th. Finally, Robert W. Baird raised their price target on shares of Axon Enterprise from $600.00 to $800.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Axon Enterprise currently has an average rating of "Moderate Buy" and an average price target of $604.67.

Insider Transactions at Axon Enterprise

In other Axon Enterprise news, insider Jeffrey C. Kunins sold 1,035 shares of the firm's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $624.47, for a total value of $646,326.45. Following the completion of the transaction, the insider now directly owns 124,243 shares in the company, valued at $77,586,026.21. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total transaction of $271,831.50. Following the completion of the transaction, the director now owns 6,929 shares of the company's stock, valued at approximately $4,185,601.03. The trade was a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,792 shares of company stock valued at $1,087,843 in the last quarter. Insiders own 5.70% of the company's stock.

Axon Enterprise 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.