Ostrum Asset Management Sells 660 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Ostrum Asset Management lowered its stake in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 20.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,495 shares of the biotechnology company's stock after selling 660 shares during the quarter. Ostrum Asset Management's holdings in Axon Enterprise were worth $1,483,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in Axon Enterprise during the third quarter worth approximately $759,000. Tidal Investments LLC raised its stake in shares of Axon Enterprise by 13.8% in the 3rd quarter. Tidal Investments LLC now owns 3,250 shares of the biotechnology company's stock worth $1,299,000 after buying an additional 394 shares in the last quarter. Denver PWM LLC boosted its stake in Axon Enterprise by 69.7% during the third quarter. Denver PWM LLC now owns 414 shares of the biotechnology company's stock valued at $165,000 after buying an additional 170 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in Axon Enterprise in the third quarter worth about $1,522,000. Finally, Brass Tax Wealth Management Inc. acquired a new stake in Axon Enterprise in the 3rd quarter valued at about $240,000. Institutional investors and hedge funds own 79.08% of the company's stock.

Insider Transactions at Axon Enterprise

In related news, Director Jeri Williams sold 307 shares of the company's stock in a transaction on Monday, March 17th. The shares were 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 of the company's stock, valued at approximately $899,275.44. This represents a 15.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick W. Smith sold 10,000 shares of Axon Enterprise stock in a transaction on Monday, April 21st. The stock was sold at an average price of $540.99, for a total transaction of $5,409,900.00. Following the completion of the transaction, the chief executive officer now owns 3,063,982 shares in the company, valued at $1,657,583,622.18. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Craig Hallum lowered shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a research note on Monday, March 10th. Barclays reaffirmed a "hold" rating on shares of Axon Enterprise in a report on Monday, March 10th. Needham & Company LLC reaffirmed a "buy" rating and set a $600.00 price objective on shares of Axon Enterprise in a research note on Wednesday. Northcoast Research lowered shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. Finally, TD Cowen assumed coverage on shares of Axon Enterprise in a research note on Wednesday, January 8th. They issued a "buy" rating and a $700.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $626.45.

Axon Enterprise Stock Up 2.2 %

AXON stock traded up $13.11 during trading hours on Friday, hitting $603.78. The company's stock had a trading volume of 553,902 shares, compared to its average volume of 777,104. The company has a market capitalization of $47.00 billion, a PE ratio of 156.02, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13. The stock has a 50 day moving average price of $547.64 and a two-hundred day moving average price of $569.50. The company has a quick ratio of 2.63, a current ratio of 2.96 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.

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.