Axon Enterprise, Inc. (NASDAQ:AXON) Shares Acquired by Empirical Finance LLC

Empirical Finance LLC raised its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,070 shares of the biotechnology company’s stock after purchasing an additional 32 shares during the quarter. Empirical Finance LLC’s holdings in Axon Enterprise were worth $636,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AXON. Prestige Wealth Management Group LLC increased its stake in shares of 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 buying an additional 44 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in Axon Enterprise during the 4th quarter worth $40,000. Brooklyn Investment Group bought a new stake in shares of Axon Enterprise in the 3rd quarter worth about $41,000. Y.D. More Investments Ltd acquired a new stake in shares of Axon Enterprise in the 4th quarter valued at about $45,000. Finally, Planning Capital Management Corp lifted its position in shares of Axon Enterprise by 83.3% during the third quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock worth $48,000 after purchasing an additional 55 shares during the last quarter. 79.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Axon Enterprise

In other Axon Enterprise 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 transaction of $1,508,636.16. Following the completion of the transaction, the insider now directly owns 128,542 shares of the company’s stock, valued at approximately $84,168,016.18. This trade represents a 1.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of Axon Enterprise stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total value of $271,831.50. Following the transaction, the director now owns 6,929 shares in the company, valued at approximately $4,185,601.03. This trade represents a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,711 shares of company stock valued at $5,631,561. 6.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Morgan Stanley raised Axon Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $500.00 to $700.00 in a report on Tuesday, December 3rd. Northland Securities upped their price target on Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. The Goldman Sachs Group lifted their price objective on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, January 27th. JMP Securities increased their target price on shares of Axon Enterprise from $610.00 to $725.00 and gave the stock a “market outperform” rating in a report on Tuesday, February 4th. Finally, Needham & Company LLC lifted their price target on shares of Axon Enterprise from $525.00 to $600.00 and gave the company a “buy” rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $542.15.

Axon Enterprise Stock Performance

Shares of AXON stock opened at $677.85 on Tuesday. Axon Enterprise, Inc. has a 12-month low of $255.68 and a 12-month high of $698.67. 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 $51.69 billion, a price-to-earnings ratio of 175.16, a price-to-earnings-growth ratio of 6.79 and a beta of 1.05. The business has a 50 day simple moving average of $624.26 and a 200 day simple moving average of $498.90.

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.