Prakash Investment Advisors LLC Takes $1.07 Million Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Prakash Investment Advisors LLC bought a new stake in Axon Enterprise, Inc. (NASDAQ:AXON) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,800 shares of the biotechnology company’s stock, valued at approximately $1,070,000. Axon Enterprise accounts for about 1.1% of Prakash Investment Advisors LLC’s investment portfolio, making the stock its 17th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in AXON. Blue Trust Inc. boosted its stake in shares of Axon Enterprise by 234.5% in the third quarter. Blue Trust Inc. now owns 291 shares of the biotechnology company’s stock valued at $116,000 after purchasing an additional 204 shares during the period. Foundations Investment Advisors LLC bought a new position in Axon Enterprise during the 3rd quarter valued at $221,000. Sequoia Financial Advisors LLC boosted its stake in Axon Enterprise by 4.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,727 shares of the biotechnology company’s stock valued at $690,000 after acquiring an additional 81 shares during the last quarter. Signaturefd LLC boosted its stake in Axon Enterprise by 16.3% during the 3rd quarter. Signaturefd LLC now owns 655 shares of the biotechnology company’s stock valued at $262,000 after acquiring an additional 92 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in Axon Enterprise by 19.8% during the 3rd quarter. Private Advisor Group LLC now owns 12,382 shares of the biotechnology company’s stock valued at $4,948,000 after acquiring an additional 2,043 shares during the last quarter. 79.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AXON has been the topic of a number of research analyst reports. Morgan Stanley upgraded shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $500.00 to $700.00 in a research note on Tuesday, December 3rd. Northland Securities increased their price objective on shares of Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. JMP Securities raised their price target on shares of Axon Enterprise from $610.00 to $725.00 and gave the stock a “market outperform” rating in a research report on Tuesday, February 4th. Robert W. Baird raised their price target 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. Finally, 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 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $561.31.

Axon Enterprise Stock Down 9.0 %

AXON stock opened at $540.00 on Friday. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a fifty-two week low of $260.27 and a fifty-two week high of $715.99. The firm’s 50-day simple moving average is $622.57 and its 200 day simple moving average is $515.53. The stock has a market cap of $41.18 billion, a PE ratio of 139.54, a price-to-earnings-growth ratio of 5.95 and a beta of 1.05.

Insider Buying and Selling

In other Axon Enterprise news, President Joshua Isner sold 1,291 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $642.43, for a total transaction of $829,377.13. Following the transaction, the president now owns 181,892 shares of the company’s stock, valued at approximately $116,852,877.56. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey C. Kunins sold 2,304 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $654.79, for a total transaction of $1,508,636.16. Following the transaction, the insider now directly owns 128,542 shares in the company, valued at approximately $84,168,016.18. The trade was a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,711 shares of company stock valued at $5,631,561 in the last quarter. Company insiders own 6.10% 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.