Lafayette Investments Inc. Invests $297,000 in Axon Enterprise, Inc. (NASDAQ:AXON)

Lafayette Investments Inc. acquired a new stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 500 shares of the biotechnology company's stock, valued at approximately $297,000.

Other hedge funds have also bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new stake in Axon Enterprise in the fourth quarter worth $40,000. Y.D. More Investments Ltd bought a new stake in Axon Enterprise during the 4th quarter valued at about $45,000. Stonebridge Financial Group LLC bought a new position in Axon Enterprise in the 4th quarter worth about $53,000. GPS Wealth Strategies Group LLC raised its stake in shares of Axon Enterprise by 74.1% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company's stock valued at $56,000 after acquiring an additional 40 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in Axon Enterprise by 4,750.0% in the fourth quarter. Versant Capital Management Inc now owns 97 shares of the biotechnology company's stock worth $58,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 79.08% of the company's stock.

Insider Activity at Axon Enterprise

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 stock was 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 directly owns 1,627 shares of the company's stock, valued at approximately $899,275.44. The trade was a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.10% of the stock is currently owned by insiders.

Axon Enterprise Stock Performance

Axon Enterprise stock traded down $12.32 during mid-day trading on Friday, reaching $559.53. 519,604 shares of the company traded hands, compared to its average volume of 796,658. Axon Enterprise, Inc. has a fifty-two week low of $273.52 and a fifty-two week high of $715.99. The firm's fifty day moving average is $556.27 and its two-hundred day moving average is $565.34. 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 company has a market capitalization of $42.87 billion, a price-to-earnings ratio of 144.58, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13.

Analysts Set New Price Targets

AXON has been the topic of a number of recent research reports. Needham & Company LLC reissued a "buy" rating and set a $600.00 price target on shares of Axon Enterprise in a research report on Wednesday, February 26th. 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. The Goldman Sachs Group boosted their price objective 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. Barclays reiterated a "hold" rating on shares of Axon Enterprise in a report on Monday, March 10th. Finally, JMP Securities reiterated an "outperform" rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $626.45.

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.