By otakuyassine3@gmail.com 
Axon Enterprise, Inc. (NASDAQ:AXON – Get Free Report) shares fell 4.2% during mid-day trading on Monday after an insider sold shares in the company. The company traded as low as $603.33 and last traded at $618.14. 273,497 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 571,426 shares. The stock had previously closed at $644.91.
Specifically, Director Michael Garnreiter sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $639.69, for a total value of $639,690.00. Following the sale, the director now owns 24,259 shares in the company, valued at $15,518,239.71. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Analyst Ratings Changes
Several equities research analysts have commented on AXON shares. Morgan Stanley raised shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $500.00 to $700.00 in a report on Tuesday, December 3rd. JMP Securities upped their target price on Axon Enterprise from $430.00 to $500.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Needham & Company LLC lifted their price target on Axon Enterprise from $525.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Northland Securities upped their price objective on Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group lifted their target price on shares of Axon Enterprise from $385.00 to $441.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $488.67.
Check Out Our Latest Analysis on Axon Enterprise
Axon Enterprise Price Performance
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 has a market capitalization of $48.48 billion, a price-to-earnings ratio of 164.28, a PEG ratio of 14.19 and a beta of 1.01. The stock’s 50-day simple moving average is $548.26 and its two-hundred day simple moving average is $411.38.
Institutional Trading of Axon Enterprise
Institutional investors and hedge funds have recently modified their holdings of the stock. Groupama Asset Managment acquired a new position in shares of Axon Enterprise during the third quarter valued at approximately $200,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Axon Enterprise during the third quarter worth approximately $120,553,000. International Assets Investment Management LLC purchased a new stake in shares of Axon Enterprise during the third quarter worth approximately $871,860,000. Westfield Capital Management Co. LP increased its position in shares of Axon Enterprise by 12.2% during the third quarter. Westfield Capital Management Co. LP now owns 1,175,328 shares of the biotechnology company’s stock worth $469,661,000 after purchasing an additional 127,769 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its stake in Axon Enterprise by 44.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 375,700 shares of the biotechnology company’s stock valued at $110,546,000 after purchasing an additional 114,800 shares during the last quarter. Hedge funds and other institutional investors own 79.08% 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.
Further Reading
Receive News & Ratings for Axon Enterprise Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Axon Enterprise and related companies with MarketBeat.com’s FREE daily email newsletter.