Stifel Financial Corp Trims Stock Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Stifel Financial Corp lowered its position in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 14.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,456 shares of the biotechnology company's stock after selling 3,489 shares during the period. Stifel Financial Corp's holdings in Axon Enterprise were worth $12,157,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AXON. Wilmington Savings Fund Society FSB bought a new position in Axon Enterprise during the third quarter valued at about $759,000. Tidal Investments LLC increased its holdings in Axon Enterprise by 13.8% during the 3rd quarter. Tidal Investments LLC now owns 3,250 shares of the biotechnology company's stock worth $1,299,000 after acquiring an additional 394 shares during the period. Denver PWM LLC grew its holdings in shares of Axon Enterprise by 69.7% during the third quarter. Denver PWM LLC now owns 414 shares of the biotechnology company's stock worth $165,000 after purchasing an additional 170 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in Axon Enterprise in the third quarter valued at $1,522,000. Finally, Brass Tax Wealth Management Inc. bought a new stake in Axon Enterprise in the 3rd quarter worth approximately $240,000. Institutional investors and hedge funds own 79.08% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AXON shares. Needham & Company LLC reissued a "buy" rating and set a $600.00 price target on shares of Axon Enterprise in a research report on Wednesday. Northcoast Research lowered Axon Enterprise from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. The Goldman Sachs Group raised their price target on Axon Enterprise from $500.00 to $700.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. TD Cowen assumed coverage on shares of Axon Enterprise in a research report on Wednesday, January 8th. They set a "buy" rating and a $700.00 price objective on the stock. Finally, Craig Hallum lowered shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a research note on Monday, March 10th. 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $626.45.

Insider Buying and Selling

In other Axon Enterprise 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 completion of the transaction, the director now owns 1,627 shares in the company, valued at approximately $899,275.44. This represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Patrick W. Smith sold 10,000 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $540.99, for a total value of $5,409,900.00. Following the transaction, the chief executive officer now owns 3,063,982 shares in the company, valued at $1,657,583,622.18. This 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 corporate insiders.

Axon Enterprise Stock Up 2.4 %

Shares of AXON traded up $14.13 during mid-day trading on Thursday, hitting $591.03. 268,976 shares of the company traded hands, compared to its average volume of 776,968. The company has a market capitalization of $46.01 billion, a PE ratio of 152.72, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average of $549.49 and a 200 day moving average of $568.33. Axon Enterprise, Inc. has a 1-year low of $273.52 and a 1-year high of $715.99.

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.