Axon Enterprise, Inc. (NASDAQ:AXON - Get Free Report) CEO Patrick W. Smith sold 10,000 shares of the company's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $540.99, for a total transaction of $5,409,900.00. Following the completion of the sale, the chief executive officer now directly owns 3,063,982 shares of the company's stock, valued at $1,657,583,622.18. The trade was a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Axon Enterprise Trading Up 3.8 %
Shares of AXON stock opened at $576.90 on Thursday. The business has a 50-day moving average price of $549.49 and a two-hundred day moving average price of $568.33. Axon Enterprise, Inc. has a 12-month low of $273.52 and a 12-month high of $715.99. 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 firm has a market cap of $44.91 billion, a P/E ratio of 149.07, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13.
Institutional Trading of Axon Enterprise
A number of hedge funds have recently bought and sold shares of the company. Friedenthal Financial lifted its holdings in shares of Axon Enterprise by 961.7% in the 4th quarter. Friedenthal Financial now owns 1,359 shares of the biotechnology company's stock worth $808,000 after acquiring an additional 1,231 shares during the last quarter. Principal Financial Group Inc. boosted its position in Axon Enterprise by 33.1% during the third quarter. Principal Financial Group Inc. now owns 136,302 shares of the biotechnology company's stock valued at $54,466,000 after buying an additional 33,869 shares during the period. Artemis Investment Management LLP grew its stake in shares of Axon Enterprise by 21.4% during the fourth quarter. Artemis Investment Management LLP now owns 95,113 shares of the biotechnology company's stock valued at $56,528,000 after buying an additional 16,792 shares during the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Axon Enterprise in the fourth quarter worth about $2,985,000. Finally, MRA Advisory Group lifted its stake in shares of Axon Enterprise by 64.4% in the 4th quarter. MRA Advisory Group now owns 3,205 shares of the biotechnology company's stock valued at $1,905,000 after acquiring an additional 1,255 shares during the last quarter. Institutional investors own 79.08% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports 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. TD Cowen began coverage on shares of Axon Enterprise in a research note on Wednesday, January 8th. They issued a "buy" rating and a $700.00 price objective for the company. Craig Hallum cut shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a report on Monday, March 10th. Northcoast Research cut Axon Enterprise from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Finally, JMP Securities reissued an "outperform" rating on shares of Axon Enterprise in a report on Tuesday, February 4th. One equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $626.45.
View Our Latest Stock Analysis on Axon Enterprise
Axon Enterprise Company Profile
(
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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.
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