Prudent Man Advisors LLC Sells 482 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Prudent Man Advisors LLC lessened its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 27.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,278 shares of the biotechnology company's stock after selling 482 shares during the period. Prudent Man Advisors LLC's holdings in Axon Enterprise were worth $760,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Prestige Wealth Management Group LLC raised its position in Axon Enterprise by 115.8% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company's stock worth $33,000 after purchasing an additional 44 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Axon Enterprise during the fourth quarter worth $40,000. Brooklyn Investment Group bought a new stake in shares of Axon Enterprise during the third quarter worth $41,000. Y.D. More Investments Ltd acquired a new position in shares of Axon Enterprise during the fourth quarter valued at $45,000. Finally, Planning Capital Management Corp boosted its holdings in Axon Enterprise by 83.3% in the third quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company's stock valued at $48,000 after acquiring an additional 55 shares during the last quarter. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Axon Enterprise

In other Axon Enterprise news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total value of $271,831.50. Following the completion of the sale, the director now owns 6,929 shares in the company, valued at $4,185,601.03. This trade represents a 6.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Garnreiter sold 1,000 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $639.69, for a total transaction of $639,690.00. Following the transaction, the director now owns 24,259 shares in the company, valued at $15,518,239.71. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,146 shares of company stock worth $3,262,847. Insiders own 6.10% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on AXON. Northland Securities raised their target price on shares of Axon Enterprise from $365.00 to $550.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Craig Hallum lowered shares of Axon Enterprise from a "buy" rating to a "hold" rating and set a $625.00 target price for the company. in a report on Thursday, February 20th. TD Cowen started coverage on Axon Enterprise in a research note on Wednesday, January 8th. They issued 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 note on Wednesday, February 19th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $600.00 target price on shares of Axon Enterprise in a research note on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $587.38.

Axon Enterprise Stock Up 1.3 %

Shares of Axon Enterprise stock traded up $6.68 on Wednesday, hitting $534.96. The company had a trading volume of 944,885 shares, compared to its average volume of 841,892. The stock has a 50-day moving average of $605.52 and a 200-day moving average of $527.52. 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 twelve month low of $273.52 and a twelve month high of $715.99. The firm has a market capitalization of $40.79 billion, a P/E ratio of 138.23, a P/E/G ratio of 5.17 and a beta of 1.12.

About Axon Enterprise

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.