Rathbones Group PLC trimmed its stake in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,197 shares of the biotechnology company's stock after selling 3,035 shares during the quarter. Rathbones Group PLC's holdings in Axon Enterprise were worth $14,975,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the stock. Prestige Wealth Management Group LLC grew its holdings in shares of Axon Enterprise by 115.8% during 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 period. New Wave Wealth Advisors LLC purchased a new stake in Axon Enterprise during the fourth quarter worth approximately $40,000. Y.D. More Investments Ltd purchased a new stake in Axon Enterprise during the fourth quarter worth approximately $45,000. Stonebridge Financial Group LLC acquired a new stake in shares of Axon Enterprise in the fourth quarter worth $53,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of Axon Enterprise by 74.1% during the 4th 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. Hedge funds and other institutional investors own 79.08% of the company's stock.
Analyst Upgrades and Downgrades
AXON has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $600.00 price target on shares of Axon Enterprise in a report on Wednesday, February 26th. Craig Hallum lowered shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a research note on Monday, March 10th. The Goldman Sachs Group increased their price objective on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a "buy" rating in a report on Monday, January 27th. TD Cowen started coverage on Axon Enterprise in a research report on Wednesday, January 8th. They set a "buy" rating and a $700.00 price target on the stock. Finally, Northcoast Research lowered Axon Enterprise from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $626.45.
Read Our Latest Report on Axon Enterprise
Axon Enterprise Stock Up 3.0 %
AXON traded up $16.73 on Friday, hitting $567.98. 516,424 shares of the company were exchanged, compared to its average volume of 815,515. The company has a market cap of $43.52 billion, a PE ratio of 146.77, a PEG ratio of 5.17 and a beta of 1.13. Axon Enterprise, Inc. has a 12 month low of $273.52 and a 12 month high of $715.99. The stock's fifty day moving average is $567.07 and its 200-day moving average is $561.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96.
Insider Activity
In other news, Director Jeri Williams sold 307 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $552.72, for a total value of $169,685.04. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.10% of the stock is currently owned by insiders.
About Axon Enterprise
(
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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