LPL Financial LLC Increases Stake in Axon Enterprise, Inc. (NASDAQ:AXON)

LPL Financial LLC raised its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 13.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,431 shares of the biotechnology company's stock after buying an additional 12,052 shares during the period. LPL Financial LLC owned about 0.13% of Axon Enterprise worth $60,282,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Prestige Wealth Management Group LLC increased its position in shares of Axon Enterprise by 115.8% during the third quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company's stock worth $33,000 after acquiring an additional 44 shares during the period. New Wave Wealth Advisors LLC purchased a new stake in shares of Axon Enterprise in the 4th quarter worth $40,000. Brooklyn Investment Group bought a new position in shares of Axon Enterprise during the 3rd quarter worth $41,000. Y.D. More Investments Ltd purchased a new position in shares of Axon Enterprise during the fourth quarter valued at $45,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Axon Enterprise in the fourth quarter valued at about $53,000. Institutional investors own 79.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AXON. Robert W. Baird raised their target price 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. Barclays reissued a "hold" rating on shares of Axon Enterprise in a report on Monday, March 10th. Northcoast Research lowered Axon Enterprise from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Morgan Stanley upgraded Axon Enterprise from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $500.00 to $700.00 in a report on Tuesday, December 3rd. Finally, Craig Hallum cut Axon Enterprise from a "buy" rating to a "cautious" rating in a research note on Monday, March 10th. 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $604.67.

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Axon Enterprise Stock Performance

NASDAQ:AXON traded down $9.00 during trading hours on Monday, hitting $525.95. 779,068 shares of the company were exchanged, compared to its average volume of 818,566. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. Axon Enterprise, Inc. has a 52-week low of $273.52 and a 52-week high of $715.99. The stock has a market capitalization of $40.30 billion, a price-to-earnings ratio of 135.90, a PEG ratio of 5.17 and a beta of 1.12. The company's 50 day moving average price is $588.26 and its 200-day moving average price is $551.61.

Insider Transactions at Axon Enterprise

In related news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total value of $271,831.50. Following the sale, the director now owns 6,929 shares in the company, valued at $4,185,601.03. This represents a 6.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeri Williams sold 307 shares of the firm'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 transaction of $169,685.04. Following the transaction, 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 disclosure for this sale can be found here. Insiders own 6.10% of the company's stock.

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.