Axon Enterprise, Inc. (NASDAQ:AXON) Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC boosted its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 962 shares of the biotechnology company’s stock after buying an additional 78 shares during the quarter. Parallel Advisors LLC’s holdings in Axon Enterprise were worth $572,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC grew its position 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 buying an additional 44 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in Axon Enterprise during the 4th quarter worth approximately $40,000. Brooklyn Investment Group purchased a new position in Axon Enterprise during the 3rd quarter worth approximately $41,000. Y.D. More Investments Ltd purchased a new position in Axon Enterprise during the 4th quarter worth approximately $45,000. Finally, Stonebridge Financial Group LLC purchased a new position in Axon Enterprise during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 79.08% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on AXON shares. Robert W. Baird lifted their price objective on shares of Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Morgan Stanley upgraded shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $500.00 to $700.00 in a research report on Tuesday, December 3rd. Northcoast Research cut shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. Craig Hallum lowered shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a research note on Monday, March 10th. Finally, TD Cowen began coverage on shares of Axon Enterprise in a research note on Wednesday, January 8th. They set a “buy” rating and a $700.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $604.67.

Axon Enterprise Stock Down 1.7 %

AXON stock opened at $558.41 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a 1 year low of $273.52 and a 1 year high of $715.99. The company has a fifty day simple moving average of $592.10 and a 200 day simple moving average of $539.60. The firm has a market cap of $42.79 billion, a PE ratio of 144.29, a PEG ratio of 5.17 and a beta of 1.12.

Insider Activity at Axon Enterprise

In other Axon Enterprise news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total transaction of $271,831.50. Following the completion of the transaction, the director now owns 6,929 shares of the company’s stock, valued at $4,185,601.03. The trade was a 6.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey C. Kunins sold 1,035 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $624.47, for a total transaction of $646,326.45. Following the transaction, the insider now directly owns 124,243 shares of the company’s stock, valued at approximately $77,586,026.21. This represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,792 shares of company stock valued at $1,087,843. Insiders own 5.70% of the company’s stock.

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.