3,100 Shares in Axon Enterprise, Inc. (NASDAQ:AXON) Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. acquired a new position in Axon Enterprise, Inc. (NASDAQ:AXON) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,100 shares of the biotechnology company’s stock, valued at approximately $1,239,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quent Capital LLC boosted its holdings in shares of Axon Enterprise by 1,875.0% in the third quarter. Quent Capital LLC now owns 79 shares of the biotechnology company’s stock worth $32,000 after buying an additional 75 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Axon Enterprise by 987.5% in the second quarter. Blue Trust Inc. now owns 87 shares of the biotechnology company’s stock worth $27,000 after buying an additional 79 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Axon Enterprise in the third quarter worth approximately $41,000. Planning Capital Management Corp boosted its holdings in shares of Axon Enterprise by 83.3% in the third quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock worth $48,000 after buying an additional 55 shares during the last quarter. Finally, Friedenthal Financial purchased a new position in Axon Enterprise during the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Insider Buying and Selling

In related news, CFO Brittany Bagley sold 4,338 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $378.95, for a total value of $1,643,885.10. Following the sale, the chief financial officer now owns 98,825 shares in the company, valued at approximately $37,449,733.75. The trade was a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Patrick W. Smith sold 75,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $356.53, for a total transaction of $26,739,750.00. Following the completion of the sale, the chief executive officer now owns 2,970,366 shares in the company, valued at $1,059,024,589.98. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 210,256 shares of company stock worth $87,783,120. Insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on AXON shares. Needham & Company LLC lifted their price target on shares of Axon Enterprise from $525.00 to $600.00 and gave the company a “buy” rating in a report on Friday, November 8th. JMP Securities lifted their price target on shares of Axon Enterprise from $430.00 to $500.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. The Goldman Sachs Group lifted their price target on shares of Axon Enterprise from $385.00 to $441.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Barclays lifted their price target on shares of Axon Enterprise from $381.00 to $387.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, Craig Hallum lifted their price target on shares of Axon Enterprise from $370.00 to $376.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $427.83.

Axon Enterprise Price Performance

AXON stock opened at $646.96 on Monday. The company’s fifty day moving average price is $488.25 and its 200-day moving average price is $379.59. Axon Enterprise, Inc. has a one year low of $224.28 and a one year high of $652.22. The company has a market capitalization of $49.33 billion, a PE ratio of 167.17, a price-to-earnings-growth ratio of 14.24 and a beta of 0.94. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96.

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.