D.A. Davidson & CO. Buys 44 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

D.A. Davidson & CO. increased its stake in Axon Enterprise, Inc. (NASDAQ:AXON) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,622 shares of the biotechnology company’s stock after purchasing an additional 44 shares during the quarter. D.A. Davidson & CO.’s holdings in Axon Enterprise were worth $5,044,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. PFG Investments LLC grew its holdings in Axon Enterprise by 0.6% during the 3rd quarter. PFG Investments LLC now owns 3,872 shares of the biotechnology company’s stock valued at $1,547,000 after buying an additional 25 shares in the last quarter. Gladstone Institutional Advisory LLC grew its stake in Axon Enterprise by 1.6% during the third quarter. Gladstone Institutional Advisory LLC now owns 1,641 shares of the biotechnology company’s stock valued at $656,000 after acquiring an additional 26 shares in the last quarter. Mather Group LLC. grew its stake in Axon Enterprise by 3.7% during the third quarter. Mather Group LLC. now owns 759 shares of the biotechnology company’s stock valued at $303,000 after acquiring an additional 27 shares in the last quarter. King Luther Capital Management Corp increased its holdings in Axon Enterprise by 0.3% during the 3rd quarter. King Luther Capital Management Corp now owns 10,474 shares of the biotechnology company’s stock worth $4,185,000 after acquiring an additional 34 shares during the period. Finally, CWM LLC lifted its stake in Axon Enterprise by 1.3% in the 3rd quarter. CWM LLC now owns 2,856 shares of the biotechnology company’s stock worth $1,141,000 after purchasing an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Axon Enterprise Stock Performance

Shares of Axon Enterprise stock opened at $634.96 on Thursday. Axon Enterprise, Inc. has a 12 month low of $224.28 and a 12 month high of $641.20. The firm has a market capitalization of $48.42 billion, a P/E ratio of 164.07, a P/E/G ratio of 13.62 and a beta of 0.94. 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 business has a fifty day simple moving average of $473.23 and a two-hundred day simple moving average of $372.97.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AXON shares. The Goldman Sachs Group upped their price target on shares of Axon Enterprise from $385.00 to $441.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Barclays raised their price target on Axon Enterprise from $381.00 to $387.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Needham & Company LLC boosted their price objective on Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Northland Securities raised their target price on shares of Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, Craig Hallum boosted their price target on shares of Axon Enterprise from $370.00 to $376.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $427.83.

Insider Activity at Axon Enterprise

In related news, President Joshua Isner sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $606.15, for a total transaction of $12,123,000.00. Following the completion of the transaction, the president now owns 208,166 shares of the company’s stock, valued at $126,179,820.90. This trade represents a 8.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick W. Smith sold 50,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $364.02, for a total value of $18,201,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,980,861 shares in the company, valued at $1,085,093,021.22. This trade represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 260,256 shares of company stock valued at $105,984,120 in the last three months. Company insiders own 5.70% of the company’s stock.

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.