Sagespring Wealth Partners LLC Acquires New Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Sagespring Wealth Partners LLC bought a new stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 761 shares of the biotechnology company's stock, valued at approximately $452,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. New Wave Wealth Advisors LLC bought a new position in Axon Enterprise in the 4th quarter valued at $40,000. Y.D. More Investments Ltd bought a new position in shares of Axon Enterprise in the fourth quarter worth $45,000. Stonebridge Financial Group LLC purchased a new position in Axon Enterprise during the 4th quarter valued at about $53,000. GPS Wealth Strategies Group LLC boosted 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 valued at $56,000 after purchasing an additional 40 shares during the period. Finally, Versant Capital Management Inc grew its position in Axon Enterprise by 4,750.0% during the fourth quarter. Versant Capital Management Inc now owns 97 shares of the biotechnology company's stock worth $58,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 79.08% of the company's stock.

Insider Activity

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of the business'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 transaction, the director now owns 1,627 shares of the company's stock, valued at approximately $899,275.44. The trade was a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 6.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Craig Hallum downgraded Axon Enterprise from a "buy" rating to a "cautious" rating in a research report on Monday, March 10th. Northcoast Research cut Axon Enterprise from a "buy" rating to a "neutral" rating in a report on Wednesday, February 19th. JMP Securities reiterated an "outperform" rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. Barclays reissued a "hold" rating on shares of Axon Enterprise in a research report on Monday, March 10th. Finally, The Goldman Sachs Group boosted their price target on Axon Enterprise from $500.00 to $700.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $626.45.

Axon Enterprise Stock Performance

NASDAQ AXON traded down $12.32 on Friday, reaching $559.53. 519,604 shares of the company's stock traded hands, compared to its average volume of 796,658. Axon Enterprise, Inc. has a fifty-two week low of $273.52 and a fifty-two week high of $715.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. The firm has a market cap of $42.87 billion, a price-to-earnings ratio of 144.58, a P/E/G ratio of 5.17 and a beta of 1.13. The stock has a 50 day moving average price of $556.27 and a 200-day moving average price of $565.34.

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.