Trexquant Investment LP reduced its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 57.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,778 shares of the biotechnology company's stock after selling 13,120 shares during the quarter. Trexquant Investment LP's holdings in Axon Enterprise were worth $5,811,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in shares of Axon Enterprise in the third quarter valued at approximately $84,000. Townsquare Capital LLC bought a new position in Axon Enterprise in the 3rd quarter valued at $261,000. Public Sector Pension Investment Board grew its position in shares of Axon Enterprise by 19.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,104 shares of the biotechnology company's stock valued at $1,240,000 after purchasing an additional 500 shares in the last quarter. Benjamin Edwards Inc. bought a new position in shares of Axon Enterprise in the third quarter worth $1,098,000. Finally, Hilltop Holdings Inc. purchased a new stake in shares of Axon Enterprise in the third quarter worth $220,000. 79.08% of the stock is currently owned by hedge funds and other institutional investors.
Axon Enterprise Trading Down 3.6 %
Axon Enterprise stock traded down $19.99 during trading hours on Thursday, reaching $539.85. The company had a trading volume of 158,515 shares, compared to its average volume of 812,376. The firm has a market cap of $41.36 billion, a price-to-earnings ratio of 139.50, a P/E/G ratio of 5.17 and a beta of 1.13. Axon Enterprise, Inc. has a 12-month low of $273.52 and a 12-month 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. The company has a 50-day moving average price of $571.11 and a 200 day moving average price of $558.24.
Wall Street Analyst Weigh In
Several research firms recently commented on AXON. Barclays restated a "hold" rating on shares of Axon Enterprise in a research report on Monday, March 10th. The Goldman Sachs Group raised their target price on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a "buy" rating in a research note on Monday, January 27th. JMP Securities reissued an "outperform" rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. TD Cowen began 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 report on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $604.67.
Check Out Our Latest Analysis on Axon Enterprise
Insider Buying and Selling
In other Axon Enterprise news, Director Jeri Williams sold 307 shares of the 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 completion of the sale, the director now owns 1,627 shares in the company, valued at approximately $899,275.44. This trade represents a 15.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.10% of the stock is owned by insiders.
Axon Enterprise Company Profile
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Free Report)
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.
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