Axon Enterprise, Inc. (NASDAQ:AXON) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 70.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,396 shares of the biotechnology company's stock after acquiring an additional 2,226 shares during the period. Tower Research Capital LLC TRC's holdings in Axon Enterprise were worth $3,207,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of the firm's stock in a transaction 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 completion of the sale, the director now directly owns 1,627 shares of the company's stock, valued at $899,275.44. This trade represents a 15.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick W. Smith sold 10,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 3,063,982 shares in the company, valued at $1,657,583,622.18. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AXON. Needham & Company LLC reissued a "buy" rating and set a $600.00 target price on shares of Axon Enterprise in a report on Wednesday. TD Cowen started coverage on Axon Enterprise in a report on Wednesday, January 8th. They issued a "buy" rating and a $700.00 price objective for the company. Barclays reaffirmed a "hold" rating on shares of Axon Enterprise in a report on Monday, March 10th. Craig Hallum downgraded Axon Enterprise from a "buy" rating to a "cautious" rating in a report on Monday, March 10th. Finally, JMP Securities restated an "outperform" rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. One research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $626.45.

Axon Enterprise Price Performance

Shares of NASDAQ AXON traded up $13.77 during trading on Thursday, hitting $590.67. The company had a trading volume of 493,169 shares, compared to its average volume of 780,024. The firm has a market capitalization of $45.98 billion, a price-to-earnings ratio of 152.63, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13. The stock has a fifty day simple moving average of $547.64 and a two-hundred day simple moving average of $569.50. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a fifty-two week low of $273.52 and a fifty-two week 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.