Axon Enterprise, Inc. (NASDAQ:AXON) Shares Purchased by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL raised its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 29.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,736 shares of the biotechnology company’s stock after purchasing an additional 397 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Axon Enterprise were worth $686,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Foundations Investment Advisors LLC purchased a new stake in Axon Enterprise during the 3rd quarter worth approximately $221,000. Sequoia Financial Advisors LLC boosted its position in Axon Enterprise by 4.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,727 shares of the biotechnology company’s stock valued at $690,000 after purchasing an additional 81 shares during the period. Axxcess Wealth Management LLC acquired a new position in Axon Enterprise during the 3rd quarter valued at approximately $814,000. Jag Capital Management LLC boosted its position in Axon Enterprise by 9.7% during the 3rd quarter. Jag Capital Management LLC now owns 56,086 shares of the biotechnology company’s stock valued at $22,412,000 after purchasing an additional 4,954 shares during the period. Finally, Versor Investments LP acquired a new position in Axon Enterprise during the 3rd quarter valued at approximately $651,000. 79.08% of the stock is currently owned by hedge funds and other institutional investors.

Axon Enterprise Stock Performance

Shares of AXON stock opened at $599.35 on Friday. Axon Enterprise, Inc. has a 1-year low of $220.78 and a 1-year high of $624.84. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $45.70 billion, a price-to-earnings ratio of 154.87, a P/E/G ratio of 15.05 and a beta of 0.94. The stock’s fifty day simple moving average is $438.79 and its 200-day simple moving average is $357.57.

Insider Activity

In other Axon Enterprise news, CEO Patrick W. Smith sold 80,300 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $371.78, for a total value of $29,853,934.00. Following the transaction, the chief executive officer now owns 3,015,366 shares in the company, valued at $1,121,052,771.48. The trade was a 2.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $373.03, for a total value of $167,863.50. Following the completion of the transaction, the director now owns 7,379 shares in the company, valued at $2,752,588.37. This trade represents a 5.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 411,006 shares of company stock worth $161,360,618. 6.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AXON has been the subject of a number of analyst reports. Barclays boosted their price objective on Axon Enterprise from $381.00 to $387.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Needham & Company LLC boosted their price target on Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. The Goldman Sachs Group boosted their price target on Axon Enterprise from $385.00 to $441.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Robert W. Baird boosted their price target on Axon Enterprise from $440.00 to $460.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Craig Hallum boosted their price target on Axon Enterprise from $370.00 to $376.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Axon Enterprise has an average rating of “Moderate Buy” and a consensus target price of $427.83.

About Axon Enterprise

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.