Soros Capital Management LLC Buys 8,043 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Soros Capital Management LLC boosted its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 510.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,619 shares of the biotechnology company's stock after acquiring an additional 8,043 shares during the period. Soros Capital Management LLC's holdings in Axon Enterprise were worth $5,717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. New Wave Wealth Advisors LLC acquired a new position in shares of Axon Enterprise in the fourth quarter valued at approximately $40,000. Y.D. More Investments Ltd bought a new position in shares of Axon Enterprise during the fourth quarter worth about $45,000. Stonebridge Financial Group LLC bought a new stake in Axon Enterprise in the 4th quarter valued at approximately $53,000. GPS Wealth Strategies Group LLC boosted its position in Axon Enterprise by 74.1% during 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. Finally, Versant Capital Management Inc raised its holdings in shares of Axon Enterprise by 4,750.0% in the fourth quarter. Versant Capital Management Inc now owns 97 shares of the biotechnology company's stock valued at $58,000 after purchasing an additional 95 shares during the last quarter. 79.08% of the stock is owned by institutional investors and hedge funds.

Axon Enterprise Stock Performance

Shares of Axon Enterprise stock traded up $13.77 during trading on Thursday, hitting $590.67. 493,169 shares of the company's stock traded hands, compared to its average volume of 780,024. The business has a 50-day simple moving average of $547.64 and a 200-day simple moving average of $569.50. Axon Enterprise, Inc. has a 1 year low of $273.52 and a 1 year high of $715.99. The stock has a market capitalization of $45.98 billion, a P/E ratio of 152.63, a PEG ratio of 5.17 and a beta of 1.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63.

Wall Street Analyst Weigh In

AXON has been the topic of several analyst reports. The Goldman Sachs Group upped their target price on Axon Enterprise from $500.00 to $700.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Craig Hallum downgraded shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a research note on Monday, March 10th. JMP Securities reissued an "outperform" rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Barclays reiterated a "hold" rating on shares of Axon Enterprise in a report on Monday, March 10th. Finally, Needham & Company LLC restated a "buy" rating and issued a $600.00 price target on shares of Axon Enterprise in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $626.45.

Insider Activity at Axon Enterprise

In other news, Director Jeri Williams sold 307 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 1,627 shares of the company's stock, valued at $899,275.44. This represents a 15.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick W. Smith sold 10,000 shares of the stock in a transaction on Monday, April 21st. The shares were sold at an average price of $540.99, for a total transaction of $5,409,900.00. Following the transaction, the chief executive officer now owns 3,063,982 shares of the company's stock, valued at $1,657,583,622.18. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by company insiders.

Axon Enterprise 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.