First Horizon Advisors Inc. Has $341,000 Stock Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

First Horizon Advisors Inc. lowered its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 29.0% in the fourth quarter, Holdings Channel reports. The firm owned 573 shares of the biotechnology company’s stock after selling 234 shares during the period. First Horizon Advisors Inc.’s holdings in Axon Enterprise were worth $341,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AXON. New Wave Wealth Advisors LLC bought a new stake in shares of Axon Enterprise in the 4th quarter valued at $40,000. Y.D. More Investments Ltd acquired a new position in Axon Enterprise in the fourth quarter valued at about $45,000. Prestige Wealth Management Group LLC grew its stake in Axon Enterprise by 115.8% in the third quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after acquiring an additional 44 shares during the period. Stonebridge Financial Group LLC bought a new stake in shares of Axon Enterprise in the fourth quarter worth about $53,000. Finally, GPS Wealth Strategies Group LLC raised its position in shares of Axon Enterprise by 74.1% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company’s stock worth $56,000 after purchasing an additional 40 shares during the period. Institutional investors own 79.08% of the company’s stock.

Axon Enterprise Stock Performance

AXON opened at $496.65 on Wednesday. The business’s 50-day simple moving average is $614.17 and its 200 day simple moving average is $521.71. Axon Enterprise, Inc. has a 52-week low of $265.32 and a 52-week high of $715.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. The firm has a market capitalization of $37.87 billion, a PE ratio of 128.33, a PEG ratio of 5.17 and a beta of 1.05.

Insiders Place Their Bets

In other news, Director Caitlin Elizabeth Kalinowski sold 450 shares of Axon Enterprise stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total value of $271,831.50. Following the completion of the transaction, the director now owns 6,929 shares of the company’s stock, valued at $4,185,601.03. This trade represents a 6.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Garnreiter sold 1,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $639.69, for a total transaction of $639,690.00. Following the completion of the sale, the director now directly owns 24,259 shares in the company, valued at approximately $15,518,239.71. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,711 shares of company stock valued at $5,631,561 in the last 90 days. 5.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AXON shares. Robert W. Baird boosted their price objective on Axon Enterprise from $600.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. TD Cowen began coverage on shares of Axon Enterprise in a report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price target for the company. The Goldman Sachs Group increased their price objective on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Craig Hallum cut shares of Axon Enterprise from a “buy” rating to a “hold” rating and set a $625.00 price objective on the stock. in a research report on Thursday, February 20th. Finally, 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 report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $561.31.

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.