Headlands Technologies LLC Invests $3.93 Million in Axon Enterprise, Inc. (NASDAQ:AXON)

Headlands Technologies LLC acquired a new stake in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,615 shares of the biotechnology company's stock, valued at approximately $3,931,000.

Other hedge funds have also recently modified their holdings of the company. Prestige Wealth Management Group LLC grew its position in Axon Enterprise by 115.8% during the third 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 period. New Wave Wealth Advisors LLC purchased a new position in Axon Enterprise in the fourth quarter valued at about $40,000. Y.D. More Investments Ltd bought a new position in shares of Axon Enterprise during the 4th quarter valued at approximately $45,000. Stonebridge Financial Group LLC purchased a new stake in shares of Axon Enterprise during the 4th quarter worth approximately $53,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in shares of Axon Enterprise by 74.1% in the 4th 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 period. Institutional investors own 79.08% of the company's stock.

Insider Buying and Selling

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 1,627 shares of the company's stock, valued at $899,275.44. The trade was a 15.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.10% of the stock is owned by company insiders.

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Axon Enterprise Price Performance

Shares of Axon Enterprise stock traded down $42.56 during trading on Friday, hitting $497.13. The stock had a trading volume of 968,906 shares, compared to its average volume of 807,540. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a 12 month low of $273.52 and a 12 month high of $715.99. The firm has a market cap of $38.09 billion, a price-to-earnings ratio of 128.46, a P/E/G ratio of 5.17 and a beta of 1.13. The business's 50-day moving average is $584.52 and its 200 day moving average is $552.70.

Analyst Ratings Changes

Several brokerages have weighed in on AXON. Northcoast Research lowered Axon Enterprise from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Needham & Company LLC reissued a "buy" rating and issued a $600.00 price objective on shares of Axon Enterprise in a report on Wednesday, February 26th. JMP Securities reaffirmed an "outperform" rating on shares of Axon Enterprise in a report on Tuesday, February 4th. The Goldman Sachs Group lifted their target price on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Robert W. Baird boosted their price target on shares of Axon Enterprise from $600.00 to $800.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.