Renaissance Technologies LLC Buys 50,000 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Renaissance Technologies LLC lifted its stake in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 84.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,252 shares of the biotechnology company's stock after purchasing an additional 50,000 shares during the quarter. Renaissance Technologies LLC owned about 0.14% of Axon Enterprise worth $64,931,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Prestige Wealth Management Group LLC boosted its stake 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 in the last quarter. New Wave Wealth Advisors LLC purchased a new position in Axon Enterprise in the fourth quarter worth about $40,000. Y.D. More Investments Ltd bought a new position in shares of Axon Enterprise in the fourth quarter worth approximately $45,000. Stonebridge Financial Group LLC purchased a new stake in shares of Axon Enterprise during the fourth quarter valued at approximately $53,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in Axon Enterprise by 74.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company's stock worth $56,000 after acquiring an additional 40 shares during the last quarter. 79.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Axon Enterprise

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of Axon Enterprise stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $552.72, for a total value of $169,685.04. Following the sale, the director now owns 1,627 shares of the company's stock, valued at $899,275.44. The trade was a 15.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 6.10% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have commented on the company. Barclays reissued a "hold" rating on shares of Axon Enterprise in a report on Monday, March 10th. JMP Securities reiterated an "outperform" rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. Needham & Company LLC restated a "buy" rating and issued a $600.00 price target on shares of Axon Enterprise in a research note on Wednesday, February 26th. Northcoast Research cut Axon Enterprise from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Finally, Craig Hallum downgraded Axon Enterprise from a "buy" rating to a "cautious" rating in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $626.45.

Axon Enterprise Price Performance

Shares of NASDAQ AXON traded up $4.29 during mid-day trading on Tuesday, reaching $579.12. The company's stock had a trading volume of 126,826 shares, compared to its average volume of 803,651. The stock has a fifty day moving average of $564.96 and a two-hundred day moving average of $562.96. The firm has a market capitalization of $44.37 billion, a PE ratio of 149.64, a P/E/G ratio of 5.17 and a beta of 1.13. Axon Enterprise, Inc. has a 52 week low of $273.52 and a 52 week high of $715.99. 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 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.