Flagship Harbor Advisors LLC Cuts Stake in Axon Enterprise, Inc. (NASDAQ:AXON)

Flagship Harbor Advisors LLC cut its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,826 shares of the biotechnology company’s stock after selling 77 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Axon Enterprise were worth $1,085,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AXON. Groupama Asset Managment purchased a new position in Axon Enterprise in the 3rd quarter worth $200,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Axon Enterprise in the third quarter worth about $120,553,000. International Assets Investment Management LLC bought a new stake in shares of Axon Enterprise in the 3rd quarter valued at about $871,860,000. Westfield Capital Management Co. LP boosted its holdings in Axon Enterprise by 12.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,175,328 shares of the biotechnology company’s stock valued at $469,661,000 after acquiring an additional 127,769 shares during the period. Finally, Assenagon Asset Management S.A. grew its position 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 acquiring an additional 111,405 shares during the last quarter. 79.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AXON has been the topic of a number of analyst reports. Northland Securities boosted their price objective on shares of Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Morgan Stanley upgraded Axon Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $500.00 to $700.00 in a report on Tuesday, December 3rd. JMP Securities boosted their target price on Axon Enterprise from $430.00 to $500.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. TD Cowen initiated coverage on Axon Enterprise in a research note on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price target for the company. Finally, The Goldman Sachs Group boosted their price objective on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research report on Monday. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $524.85.

Insider Buying and Selling

In other Axon Enterprise news, insider Jeffrey C. Kunins sold 21,834 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $593.88, for a total value of $12,966,775.92. Following the completion of the transaction, the insider now directly owns 154,394 shares in the company, valued at $91,691,508.72. This represents a 12.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Julie A. Cullivan sold 1,261 shares of Axon Enterprise stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $682.06, for a total transaction of $860,077.66. Following the transaction, the director now owns 2,392 shares in the company, valued at approximately $1,631,487.52. This trade represents a 34.52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,545 shares of company stock valued at $30,721,337. 6.10% of the stock is owned by company insiders.

Axon Enterprise Stock Down 0.9 %

Axon Enterprise stock opened at $604.68 on Tuesday. The stock has a market cap of $46.11 billion, a PE ratio of 156.25, a price-to-earnings-growth ratio of 6.09 and a beta of 1.04. 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 stock has a fifty day moving average of $617.75 and a 200 day moving average of $474.21. Axon Enterprise, Inc. has a one year low of $247.04 and a one year high of $698.67.

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.