Rakuten Securities Inc. Acquires 373 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Rakuten Securities Inc. increased its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 1,332.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 401 shares of the biotechnology company’s stock after buying an additional 373 shares during the period. Rakuten Securities Inc.’s holdings in Axon Enterprise were worth $238,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AXON. Prestige Wealth Management Group LLC grew its holdings in shares of Axon Enterprise by 115.8% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock worth $33,000 after purchasing an additional 44 shares in the last quarter. New Wave Wealth Advisors LLC bought a new stake in Axon Enterprise during the 4th quarter worth $40,000. Brooklyn Investment Group acquired a new position in Axon Enterprise in the 3rd quarter worth about $41,000. Y.D. More Investments Ltd acquired a new stake in shares of Axon Enterprise during the fourth quarter valued at about $45,000. Finally, Planning Capital Management Corp increased its stake 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 valued at $48,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 79.08% of the company’s stock.

Insider Activity

In other Axon Enterprise news, President Joshua Isner sold 1,291 shares of Axon Enterprise stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $642.43, for a total value of $829,377.13. Following the transaction, the president now directly owns 181,892 shares of the company’s stock, valued at $116,852,877.56. The trade was a 0.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Garnreiter sold 1,000 shares of the stock in a transaction that occurred 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 trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,146 shares of company stock worth $3,262,847. 6.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AXON shares. Robert W. Baird lifted their price objective on Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Craig Hallum cut Axon Enterprise from a “buy” rating to a “cautious” rating in a research report on Monday. The Goldman Sachs Group increased their price objective on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Barclays reaffirmed a “hold” rating on shares of Axon Enterprise in a research report on Monday. Finally, Morgan Stanley upgraded Axon Enterprise from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $500.00 to $700.00 in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $587.38.

Axon Enterprise Stock Performance

NASDAQ AXON opened at $526.64 on Wednesday. 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 company has a fifty day moving average of $596.28 and a 200-day moving average of $532.72. Axon Enterprise, Inc. has a 52-week low of $273.52 and a 52-week high of $715.99. The company has a market capitalization of $40.35 billion, a P/E ratio of 136.08, a P/E/G ratio of 5.17 and a beta of 1.12.

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.