Wealthfront Advisers LLC Buys 24,419 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Wealthfront Advisers LLC increased its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 3,876.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,049 shares of the biotechnology company’s stock after buying an additional 24,419 shares during the period. Wealthfront Advisers LLC’s holdings in Axon Enterprise were worth $14,887,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New Wave Wealth Advisors LLC bought a new position in Axon Enterprise in the fourth quarter valued at $40,000. Y.D. More Investments Ltd purchased a new stake in Axon Enterprise in the fourth quarter worth about $45,000. Prestige Wealth Management Group LLC grew its holdings 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 worth $33,000 after purchasing an additional 44 shares during the period. Stonebridge Financial Group LLC bought a new position in shares of Axon Enterprise during the fourth quarter valued at $53,000. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of Axon Enterprise by 74.1% in 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 last quarter. 79.08% of the stock is currently owned by institutional investors.

Insider Transactions at Axon Enterprise

In related news, insider Jeffrey C. Kunins sold 1,370 shares of Axon Enterprise stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $639.14, for a total value of $875,621.80. Following the completion of the sale, the insider now owns 125,950 shares of the company’s stock, valued at $80,499,683. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total value of $271,831.50. Following the sale, the director now owns 6,929 shares of the company’s stock, valued at $4,185,601.03. This represents a 6.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,146 shares of company stock valued at $3,262,847 over the last ninety days. 6.10% of the stock is owned by company insiders.

Axon Enterprise Trading Up 2.2 %

AXON stock opened at $526.64 on Wednesday. The company’s 50-day simple moving average is $596.28 and its 200 day simple moving average is $532.72. 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, 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 PE ratio of 136.08, a price-to-earnings-growth ratio of 5.17 and a beta of 1.12.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AXON shares. Northcoast Research cut Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. Barclays restated a “hold” rating on shares of Axon Enterprise in a report on Monday. Craig Hallum lowered shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a research note on Monday. JMP Securities reiterated an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group boosted their target price on Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $587.38.

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.