Harvest Fund Management Co. Ltd Acquires 6,175 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Harvest Fund Management Co. Ltd raised its stake in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 311.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,160 shares of the biotechnology company's stock after buying an additional 6,175 shares during the period. Harvest Fund Management Co. Ltd's holdings in Axon Enterprise were worth $4,814,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AXON. New Wave Wealth Advisors LLC acquired a new stake in shares of Axon Enterprise during the 4th quarter valued at $40,000. Y.D. More Investments Ltd acquired a new stake in shares of Axon Enterprise during the fourth quarter valued at about $45,000. Prestige Wealth Management Group LLC raised its holdings in Axon Enterprise by 115.8% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company's stock valued at $33,000 after buying an additional 44 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Axon Enterprise in the fourth quarter worth $53,000. Finally, GPS Wealth Strategies Group LLC increased its holdings 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 valued at $56,000 after purchasing an additional 40 shares during the period. Institutional investors own 79.08% of the company's stock.

Axon Enterprise Stock Performance

Shares of Axon Enterprise stock traded up $1.59 during trading hours on Friday, hitting $560.00. 802,214 shares of the company's stock traded hands, compared to its average volume of 845,276. The company has a fifty day simple moving average of $591.90 and a 200-day simple moving average of $542.26. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. The stock has a market capitalization of $42.91 billion, a price-to-earnings ratio of 144.70, a PEG ratio of 5.17 and a beta of 1.12. Axon Enterprise, Inc. has a 12-month low of $273.52 and a 12-month high of $715.99.

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Analyst Ratings Changes

A number of equities research analysts have commented on the company. Robert W. Baird upped their price target on Axon Enterprise from $600.00 to $800.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Barclays reiterated a "hold" rating on shares of Axon Enterprise in a research report on Monday, March 10th. The Goldman Sachs Group upped their price objective 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. Morgan Stanley upgraded Axon Enterprise from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $500.00 to $700.00 in a research note on Tuesday, December 3rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set 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 issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $604.67.

Insider Transactions at Axon Enterprise

In related news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the 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 sale, the director now owns 6,929 shares of the company's stock, valued at approximately $4,185,601.03. This represents a 6.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeri Williams sold 307 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $552.72, for a total transaction of $169,685.04. Following the completion of the sale, the director now directly owns 1,627 shares in the company, valued at approximately $899,275.44. The trade was a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,792 shares of company stock worth $1,087,843. 5.70% of the stock is owned by company insiders.

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.