833 Shares in Axon Enterprise, Inc. (NASDAQ:AXON) Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC bought a new stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 833 shares of the biotechnology company’s stock, valued at approximately $488,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Groupama Asset Managment acquired a new stake in Axon Enterprise during the third quarter worth about $200,000. Massachusetts Financial Services Co. MA bought a new position in shares of Axon Enterprise during the third quarter valued at approximately $120,553,000. International Assets Investment Management LLC acquired a new stake in shares of Axon Enterprise during the 3rd quarter worth approximately $871,860,000. Westfield Capital Management Co. LP lifted its holdings in shares of Axon Enterprise by 12.2% in the 3rd 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 during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Axon Enterprise by 328.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 145,299 shares of the biotechnology company’s stock worth $86,354,000 after buying an additional 111,405 shares during the last quarter. 79.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AXON has been the topic of a number of recent research reports. TD Cowen assumed coverage on Axon Enterprise in a research note on Wednesday, January 8th. They issued a “buy” rating and a $700.00 target price on the stock. Needham & Company LLC boosted their target price on shares of Axon Enterprise from $525.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Robert W. Baird raised their price target on shares of Axon Enterprise from $600.00 to $800.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. JMP Securities boosted their price objective on Axon Enterprise from $430.00 to $500.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Finally, Northland Securities lifted their target price on Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Axon Enterprise presently has a consensus rating of “Moderate Buy” and an average price target of $524.85.

Insider Activity

In related news, President Joshua Isner sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $606.15, for a total transaction of $12,123,000.00. Following the transaction, the president now directly owns 208,166 shares of the company’s stock, valued at approximately $126,179,820.90. The trade was a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey C. Kunins sold 21,834 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 154,394 shares of the company’s stock, valued at approximately $91,691,508.72. The trade was a 12.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,545 shares of company stock worth $30,721,337. 6.10% of the stock is owned by corporate insiders.

Axon Enterprise Stock Down 0.2 %

Shares of NASDAQ:AXON opened at $652.18 on Friday. Axon Enterprise, Inc. has a 52 week low of $247.04 and a 52 week high of $698.67. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. The company has a market cap of $49.73 billion, a PE ratio of 168.52, a price-to-earnings-growth ratio of 6.41 and a beta of 1.04. The firm has a 50 day simple moving average of $619.63 and a 200 day simple moving average of $482.52.

Axon Enterprise Company 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.