Axon Enterprise, Inc. (NASDAQ:AXON) Director Sells $271,831.50 in Stock

Axon Enterprise, Inc. (NASDAQ:AXON) Director Caitlin Elizabeth Kalinowski sold 450 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total value of $271,831.50. Following the transaction, the director now directly owns 6,929 shares of the company’s stock, valued at $4,185,601.03. The trade was a 6.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Axon Enterprise Stock Up 0.4 %

Shares of AXON stock traded up $2.17 during trading on Thursday, reaching $596.49. The company’s stock had a trading volume of 516,530 shares, compared to its average volume of 611,868. The company has a market capitalization of $45.49 billion, a price-to-earnings ratio of 154.13, a P/E/G ratio of 14.19 and a beta of 1.01. The stock’s 50-day moving average price is $587.48 and its 200 day moving average price is $435.93. Axon Enterprise, Inc. has a 1-year low of $241.72 and a 1-year high of $698.67. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AXON shares. Needham & Company LLC increased their target price on Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. The Goldman Sachs Group increased their target price 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. Morgan Stanley raised shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $500.00 to $700.00 in a report on Tuesday, December 3rd. Robert W. Baird lifted their price objective on shares of Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, Northland Securities increased their price objective on shares of Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $488.67.

Institutional Trading of Axon Enterprise

Several institutional investors have recently modified their holdings of the stock. Groupama Asset Managment acquired a new position in Axon Enterprise in the third quarter valued at $200,000. Massachusetts Financial Services Co. MA acquired a new stake in Axon Enterprise in the third quarter valued at $120,553,000. International Assets Investment Management LLC purchased a new position in shares of Axon Enterprise during the 3rd quarter worth approximately $871,860,000. Westfield Capital Management Co. LP raised its holdings in shares of Axon Enterprise by 12.2% in the third quarter. Westfield Capital Management Co. LP now owns 1,175,328 shares of the biotechnology company’s stock worth $469,661,000 after acquiring an additional 127,769 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its stake in Axon Enterprise by 44.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 375,700 shares of the biotechnology company’s stock valued at $110,546,000 after purchasing an additional 114,800 shares during the last quarter. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Axon Enterprise Company 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.