U.S. Capital Wealth Advisors LLC Purchases 706 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

U.S. Capital Wealth Advisors LLC lifted its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 53.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,032 shares of the biotechnology company’s stock after buying an additional 706 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Axon Enterprise were worth $1,208,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Sector Pension Investment Board grew its holdings in shares of Axon Enterprise by 19.2% during the third quarter. Public Sector Pension Investment Board now owns 3,104 shares of the biotechnology company’s stock worth $1,240,000 after purchasing an additional 500 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Axon Enterprise by 9.2% in the third quarter. CIBC Asset Management Inc now owns 10,578 shares of the biotechnology company’s stock worth $4,227,000 after acquiring an additional 895 shares during the period. Foundations Investment Advisors LLC acquired a new position in shares of Axon Enterprise in the third quarter worth approximately $221,000. Sequoia Financial Advisors LLC lifted its stake in shares of Axon Enterprise by 4.9% in the third quarter. Sequoia Financial Advisors LLC now owns 1,727 shares of the biotechnology company’s stock worth $690,000 after acquiring an additional 81 shares during the period. Finally, Axxcess Wealth Management LLC acquired a new position in shares of Axon Enterprise in the third quarter worth approximately $814,000. 79.08% of the stock is currently owned by institutional investors.

Insider Activity at Axon Enterprise

In other news, Director Julie A. Cullivan sold 1,261 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $682.06, for a total transaction of $860,077.66. Following the completion of the sale, the director now directly owns 2,392 shares of the company’s stock, valued at $1,631,487.52. This trade represents a 34.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael Garnreiter sold 1,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $639.69, for a total value of $639,690.00. Following the sale, the director now directly owns 24,259 shares of the company’s stock, valued at approximately $15,518,239.71. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 50,545 shares of company stock valued at $30,721,337. 5.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AXON. JMP Securities lifted their price objective on Axon Enterprise from $610.00 to $725.00 and gave the stock a “market outperform” rating in a research note on Tuesday. Morgan Stanley raised Axon Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $500.00 to $700.00 in a research note on Tuesday, December 3rd. Robert W. Baird increased their price target on Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Needham & Company LLC increased their price target on Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, TD Cowen assumed coverage on Axon Enterprise in a report on Wednesday, January 8th. They set a “buy” rating and a $700.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Axon Enterprise presently has an average rating of “Moderate Buy” and an average price target of $542.15.

Axon Enterprise Trading Up 0.7 %

NASDAQ AXON opened at $662.91 on Wednesday. The firm has a market capitalization of $50.55 billion, a P/E ratio of 171.30, a PEG ratio of 6.54 and a beta of 1.05. The business has a fifty day simple moving average of $621.03 and a 200 day simple moving average of $488.66. Axon Enterprise, Inc. has a 12 month low of $252.20 and a 12 month high of $698.67. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32.

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.