Motley Fool Wealth Management LLC Sells 31,951 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Motley Fool Wealth Management LLC decreased its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 40.1% in the fourth quarter, Holdings Channel reports. The firm owned 47,786 shares of the biotechnology company’s stock after selling 31,951 shares during the quarter. Axon Enterprise accounts for about 1.5% of Motley Fool Wealth Management LLC’s portfolio, making the stock its 16th biggest position. Motley Fool Wealth Management LLC’s holdings in Axon Enterprise were worth $28,300,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of AXON. New Wave Wealth Advisors LLC bought a new stake in Axon Enterprise in the 4th quarter worth about $40,000. Y.D. More Investments Ltd bought a new stake in shares of Axon Enterprise in the fourth quarter worth approximately $45,000. Prestige Wealth Management Group LLC raised its holdings in shares of Axon Enterprise by 115.8% during the third quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after purchasing an additional 44 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in Axon Enterprise during the fourth quarter valued at approximately $53,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in Axon Enterprise by 74.1% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company’s stock worth $56,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Craig Hallum lowered shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a research note on Monday, March 10th. Barclays reiterated a “hold” rating on shares of Axon Enterprise in a research report on Monday, March 10th. Robert W. Baird increased their target price on Axon Enterprise from $600.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, December 6th. TD Cowen assumed coverage on Axon Enterprise in a research note on Wednesday, January 8th. They set a “buy” rating and a $700.00 price target for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $600.00 price objective on shares of Axon Enterprise in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $604.67.

Axon Enterprise Stock Up 0.8 %

AXON opened at $577.18 on Wednesday. Axon Enterprise, Inc. has a fifty-two week low of $273.52 and a fifty-two week high of $715.99. 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 market cap of $44.23 billion, a price-to-earnings ratio of 149.14, a price-to-earnings-growth ratio of 5.17 and a beta of 1.12. The firm’s fifty day moving average is $591.92 and its 200 day moving average is $546.67.

Insider Activity

In related news, Director Jeri Williams sold 307 shares of Axon Enterprise stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $552.72, for a total transaction of $169,685.04. Following the sale, the director now owns 1,627 shares of the company’s stock, valued at approximately $899,275.44. This trade represents a 15.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total value of $271,831.50. Following the completion of the transaction, the director now owns 6,929 shares of the company’s stock, valued at $4,185,601.03. The trade was a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

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.