Point72 Asia Singapore Pte. Ltd. Buys New Shares in Axon Enterprise, Inc. (NASDAQ:AXON)

Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,100 shares of the biotechnology company’s stock, valued at approximately $1,239,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AXON. Quent Capital LLC boosted its position in Axon Enterprise by 1,875.0% during the 3rd quarter. Quent Capital LLC now owns 79 shares of the biotechnology company’s stock valued at $32,000 after buying an additional 75 shares during the period. Blue Trust Inc. boosted its position in Axon Enterprise by 987.5% during the 2nd quarter. Blue Trust Inc. now owns 87 shares of the biotechnology company’s stock valued at $27,000 after buying an additional 79 shares during the period. Brooklyn Investment Group purchased a new stake in Axon Enterprise during the 3rd quarter valued at $41,000. Planning Capital Management Corp boosted its position in Axon Enterprise by 83.3% during the 3rd quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock valued at $48,000 after buying an additional 55 shares during the period. Finally, Friedenthal Financial purchased a new stake in Axon Enterprise during the 3rd quarter valued at $51,000. Institutional investors own 79.08% of the company’s stock.

Insider Buying and Selling at Axon Enterprise

In other news, CEO Patrick W. Smith sold 75,000 shares of Axon Enterprise stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $356.53, for a total value of $26,739,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,970,366 shares in the company, valued at $1,059,024,589.98. The trade was a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Joshua Isner sold 25,811 shares of Axon Enterprise stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $359.84, for a total transaction of $9,287,830.24. Following the completion of the sale, the president now owns 228,166 shares of the company’s stock, valued at $82,103,253.44. This represents a 10.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 210,256 shares of company stock worth $87,783,120. 6.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Barclays increased their price target on shares of Axon Enterprise from $381.00 to $387.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Craig Hallum raised their target price on shares of Axon Enterprise from $370.00 to $376.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group raised their target price on shares of Axon Enterprise from $385.00 to $441.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Needham & Company LLC raised their target price on shares of Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Robert W. Baird raised their target price on shares of Axon Enterprise from $440.00 to $460.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $427.83.

Axon Enterprise Stock Up 1.9 %

NASDAQ:AXON opened at $646.96 on Monday. The firm has a market cap of $49.33 billion, a P/E ratio of 167.17, a P/E/G ratio of 14.24 and a beta of 0.94. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. Axon Enterprise, Inc. has a fifty-two week low of $224.28 and a fifty-two week high of $652.22. The firm has a 50-day simple moving average of $488.25 and a two-hundred day simple moving average of $379.59.

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.