Kentucky Retirement Systems Sells 68 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Kentucky Retirement Systems reduced its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 1.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,934 shares of the biotechnology company’s stock after selling 68 shares during the quarter. Kentucky Retirement Systems’ holdings in Axon Enterprise were worth $2,932,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AXON. New Wave Wealth Advisors LLC acquired a new stake in Axon Enterprise in the fourth quarter valued at $40,000. Y.D. More Investments Ltd bought a new stake in shares of Axon Enterprise in the 4th quarter valued at about $45,000. Prestige Wealth Management Group LLC grew its position in shares of Axon Enterprise by 115.8% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after buying an additional 44 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Axon Enterprise in the fourth quarter valued at 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 acquiring an additional 40 shares during the last quarter. Institutional investors own 79.08% of the company’s stock.

Insider Activity

In related news, insider Jeffrey C. Kunins sold 2,304 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $654.79, for a total value of $1,508,636.16. Following the transaction, the insider now directly owns 128,542 shares in the company, valued at $84,168,016.18. This trade represents a 1.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Julie A. Cullivan sold 1,261 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $682.06, for a total transaction of $860,077.66. Following the sale, the director now 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 disclosure for this sale can be found here. Insiders sold a total of 8,711 shares of company stock worth $5,631,561 over the last quarter. 6.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on AXON shares. TD Cowen began coverage on Axon Enterprise in a report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 target price on the stock. Morgan Stanley raised shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $500.00 to $700.00 in a research note on Tuesday, December 3rd. The Goldman Sachs Group lifted their target price on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Northland Securities upped their price target on shares of Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Craig Hallum downgraded Axon Enterprise from a “buy” rating to a “hold” rating and set a $625.00 price target for the company. in a report on Thursday. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $561.31.

Axon Enterprise Stock Performance

Shares of Axon Enterprise stock opened at $513.22 on Friday. The business has a 50-day simple moving average of $619.94 and a 200 day simple moving average of $517.11. Axon Enterprise, Inc. has a one year low of $265.32 and a one year high of $715.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. The firm has a market capitalization of $39.13 billion, a price-to-earnings ratio of 132.62, a PEG ratio of 5.95 and a beta of 1.05.

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.