State of Alaska Department of Revenue Sells 19,352 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

State of Alaska Department of Revenue decreased its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 70.1% in the 4th quarter, HoldingsChannel reports. The firm owned 8,259 shares of the biotechnology company’s stock after selling 19,352 shares during the quarter. State of Alaska Department of Revenue’s holdings in Axon Enterprise were worth $4,908,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of AXON. Prestige Wealth Management Group LLC raised its holdings 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 valued at $33,000 after buying an additional 44 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new stake in Axon Enterprise in the 4th quarter valued at about $40,000. Brooklyn Investment Group bought a new position in shares of Axon Enterprise in the third quarter worth about $41,000. Y.D. More Investments Ltd acquired a new position in shares of Axon Enterprise during the fourth quarter worth approximately $45,000. Finally, Planning Capital Management Corp grew its stake 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 valued at $48,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

Axon Enterprise Trading Up 0.3 %

Shares of NASDAQ AXON opened at $679.24 on Friday. Axon Enterprise, Inc. has a twelve month low of $255.68 and a twelve month high of $698.67. The stock has a market cap of $51.79 billion, a price-to-earnings ratio of 175.51, a P/E/G ratio of 6.54 and a beta of 1.05. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average is $623.43 and its 200-day moving average is $493.82.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AXON. Robert W. Baird boosted 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. JMP Securities boosted their target price on Axon Enterprise from $610.00 to $725.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Northland Securities raised their price target on Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Morgan Stanley raised Axon Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $500.00 to $700.00 in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group raised their target price on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $542.15.

Insider Buying and Selling

In other Axon Enterprise news, Director Caitlin Elizabeth Kalinowski sold 450 shares of Axon Enterprise stock in a transaction that occurred 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 of the company’s stock, valued at approximately $4,185,601.03. The trade was a 6.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey C. Kunins sold 21,834 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $593.88, for a total transaction of $12,966,775.92. Following the sale, the insider now directly owns 154,394 shares of the company’s stock, valued at $91,691,508.72. This represents a 12.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,545 shares of company stock valued at $30,721,337. 5.70% of the stock is owned by company insiders.

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.