Petros Family Wealth LLC acquired a new position in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 617 shares of the biotechnology company's stock, valued at approximately $367,000.
Several other large investors also recently added to or reduced their stakes in the stock. Andrew Hill Investment Advisors Inc. raised its holdings in Axon Enterprise by 6.3% during the 4th quarter. Andrew Hill Investment Advisors Inc. now owns 4,269 shares of the biotechnology company's stock valued at $2,537,000 after buying an additional 254 shares during the period. Kennedy Capital Management LLC bought a new position in Axon Enterprise during the 4th quarter valued at about $212,000. Treasurer of the State of North Carolina lifted its stake in Axon Enterprise by 2.2% in the fourth quarter. Treasurer of the State of North Carolina now owns 32,991 shares of the biotechnology company's stock worth $19,607,000 after purchasing an additional 714 shares during the last quarter. Capital Fund Management S.A. boosted its position in shares of Axon Enterprise by 126.5% during the fourth quarter. Capital Fund Management S.A. now owns 107,133 shares of the biotechnology company's stock valued at $63,671,000 after buying an additional 59,824 shares during the period. Finally, Scotia Capital Inc. purchased a new stake in shares of Axon Enterprise in the fourth quarter worth approximately $281,000. 79.08% of the stock is owned by institutional investors.
Insider Activity
In other news, Director Jeri Williams sold 307 shares of the firm's stock in a transaction 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 completion of the transaction, the director now directly owns 1,627 shares in the company, valued at $899,275.44. This trade represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 6.10% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. TD Cowen assumed coverage on Axon Enterprise in a research note on Wednesday, January 8th. They set a "buy" rating and a $700.00 price target on the stock. Northcoast Research cut Axon Enterprise from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Needham & Company LLC reissued a "buy" rating and issued a $600.00 price target on shares of Axon Enterprise in a research report on Wednesday, February 26th. Barclays reiterated a "hold" rating on shares of Axon Enterprise in a research note on Monday, March 10th. Finally, JMP Securities restated an "outperform" rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $626.45.
Check Out Our Latest Analysis on AXON
Axon Enterprise Stock Performance
Shares of AXON traded down $6.57 during trading hours on Wednesday, hitting $571.85. The stock had a trading volume of 368,291 shares, compared to its average volume of 800,455. The firm has a 50-day moving average price of $562.98 and a 200 day moving average price of $563.07. Axon Enterprise, Inc. has a fifty-two week low of $273.52 and a fifty-two week high of $715.99. The firm has a market capitalization of $43.82 billion, a price-to-earnings ratio of 147.77, a PEG ratio of 5.17 and a beta of 1.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96.
Axon Enterprise Company Profile
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Free Report)
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.
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