Axon Enterprise, Inc. (NASDAQ:AXON) Shares Sold by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC lessened its stake in Axon Enterprise, Inc. (NASDAQ:AXON) by 28.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,416 shares of the biotechnology company’s stock after selling 950 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Axon Enterprise were worth $1,377,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in Axon Enterprise in the third quarter valued at approximately $84,000. Townsquare Capital LLC acquired a new stake in Axon Enterprise during the 3rd quarter worth $261,000. Public Sector Pension Investment Board lifted its position in Axon Enterprise by 19.2% in the third quarter. Public Sector Pension Investment Board now owns 3,104 shares of the biotechnology company’s stock valued at $1,240,000 after acquiring an additional 500 shares during the last quarter. Martingale Asset Management L P purchased a new stake in Axon Enterprise in the third quarter valued at $252,000. Finally, Captrust Financial Advisors boosted its stake in Axon Enterprise by 2.6% in the third quarter. Captrust Financial Advisors now owns 12,406 shares of the biotechnology company’s stock valued at $4,958,000 after acquiring an additional 320 shares in the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

Axon Enterprise Stock Performance

Shares of AXON opened at $558.42 on Thursday. 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 52-week low of $273.52 and a 52-week high of $715.99. The business’s 50 day moving average is $585.99 and its two-hundred day moving average is $552.79. The firm has a market cap of $42.79 billion, a price-to-earnings ratio of 144.29, a PEG ratio of 5.17 and a beta of 1.13.

Insiders Place Their Bets

In other news, Director Jeri Williams sold 307 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $552.72, for a total value of $169,685.04. Following the transaction, the director now directly owns 1,627 shares in the company, valued at approximately $899,275.44. This trade represents a 15.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AXON shares. TD Cowen started coverage on Axon Enterprise in a research note on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price objective for the company. The Goldman Sachs Group lifted their price target on Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Northcoast Research downgraded shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. JMP Securities restated an “outperform” rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. Finally, Barclays reiterated a “hold” rating on shares of Axon Enterprise in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $604.67.

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.