Axon Enterprise, Inc. (NASDAQ:AXON) Shares Sold by Denver PWM LLC

Denver PWM LLC lessened its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 10.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 370 shares of the biotechnology company’s stock after selling 44 shares during the period. Denver PWM LLC’s holdings in Axon Enterprise were worth $220,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Groupama Asset Managment bought a new position in Axon Enterprise during the 3rd quarter worth approximately $200,000. Massachusetts Financial Services Co. MA bought a new position in Axon Enterprise during the 3rd quarter worth approximately $120,553,000. Westfield Capital Management Co. LP lifted its holdings in Axon Enterprise by 12.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,175,328 shares of the biotechnology company’s stock worth $469,661,000 after buying an additional 127,769 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Axon Enterprise by 328.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 145,299 shares of the biotechnology company’s stock worth $86,354,000 after buying an additional 111,405 shares during the last quarter. Finally, Champlain Investment Partners LLC lifted its holdings in Axon Enterprise by 13.9% during the 3rd quarter. Champlain Investment Partners LLC now owns 682,420 shares of the biotechnology company’s stock worth $272,695,000 after buying an additional 83,265 shares during the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

Insider Buying and Selling at Axon Enterprise

In other news, Director Michael Garnreiter sold 1,000 shares of Axon Enterprise stock in a transaction on Monday, December 16th. The stock was sold at an average price of $639.69, for a total transaction of $639,690.00. Following the transaction, the director now directly owns 24,259 shares in the company, valued at approximately $15,518,239.71. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey C. Kunins sold 2,304 shares of Axon Enterprise stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $654.79, for a total value of $1,508,636.16. Following the transaction, the insider now owns 128,542 shares in the company, valued at approximately $84,168,016.18. This trade represents a 1.76 % 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 quarter. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

AXON has been the topic of a number of research analyst reports. JMP Securities reaffirmed an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Northcoast Research downgraded Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Wednesday. Craig Hallum downgraded Axon Enterprise from a “buy” rating to a “hold” rating and set a $625.00 target price on the stock. in a report on Thursday. Morgan Stanley raised Axon Enterprise from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $500.00 to $700.00 in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group raised their price target on Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Axon Enterprise currently has a consensus rating of “Moderate Buy” and an average price target of $561.31.

Axon Enterprise Stock Down 5.3 %

Shares of Axon Enterprise stock opened at $513.22 on Friday. The business’s fifty day moving average price is $619.94 and its two-hundred day moving average price is $518.66. 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 company has a market capitalization of $39.13 billion, a P/E ratio of 132.62, a PEG ratio of 5.43 and a beta of 1.05. Axon Enterprise, Inc. has a 1-year low of $265.32 and a 1-year high of $715.99.

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.