Phoenix Financial Ltd. Acquires New Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Phoenix Financial Ltd. purchased a new position in Axon Enterprise, Inc. (NASDAQ:AXON) in the fourth quarter, Holdings Channel.com reports. The firm purchased 445 shares of the biotechnology company’s stock, valued at approximately $265,000.

Other institutional investors have also recently made changes to their positions in the company. New Wave Wealth Advisors LLC bought a new stake in Axon Enterprise in the 4th 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 approximately $45,000. Stonebridge Financial Group LLC bought a new stake in Axon Enterprise in the fourth quarter worth $53,000. GPS Wealth Strategies Group LLC boosted its stake in shares of Axon Enterprise by 74.1% during the 4th 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 period. Finally, Versant Capital Management Inc grew its stake in shares of Axon Enterprise by 4,750.0% during the fourth quarter. Versant Capital Management Inc now owns 97 shares of the biotechnology company’s stock valued at $58,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Insider Activity

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $552.72, for a total transaction of $169,685.04. Following the transaction, the director now directly owns 1,627 shares of the company’s stock, valued at $899,275.44. This trade represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.10% of the company’s stock.

Axon Enterprise Price Performance

NASDAQ:AXON opened at $567.98 on Friday. The company has a 50 day moving average price of $567.07 and a 200-day moving average price of $560.54. The firm has a market cap of $43.52 billion, a price-to-earnings ratio of 146.77, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13. Axon Enterprise, Inc. has a 1-year low of $273.52 and a 1-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.

Analyst Ratings Changes

Several research analysts recently commented on AXON shares. The Goldman Sachs Group raised their price target 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. Craig Hallum downgraded Axon Enterprise from a “buy” rating to a “cautious” rating in a research report on Monday, March 10th. JMP Securities reaffirmed an “outperform” rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. Northcoast Research downgraded shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. Finally, Barclays reissued a “hold” rating on shares of Axon Enterprise in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $626.45.

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.