Thurston Springer Miller Herd & Titak Inc. Has $1.74 Million Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 64.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,921 shares of the biotechnology company’s stock after acquiring an additional 1,140 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Axon Enterprise were worth $1,736,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Park Avenue Securities LLC grew its position in Axon Enterprise by 11.3% in the 4th quarter. Park Avenue Securities LLC now owns 4,928 shares of the biotechnology company’s stock valued at $2,929,000 after purchasing an additional 502 shares during the period. Assenagon Asset Management S.A. grew its position in Axon Enterprise by 328.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 145,299 shares of the biotechnology company’s stock valued at $86,354,000 after purchasing an additional 111,405 shares during the period. Board of the Pension Protection Fund acquired a new stake in Axon Enterprise in the 4th quarter valued at $1,308,000. Oak Thistle LLC purchased a new position in Axon Enterprise during the 4th quarter worth $852,000. Finally, SeaCrest Wealth Management LLC boosted its holdings in Axon Enterprise by 24.3% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,395 shares of the biotechnology company’s stock worth $829,000 after acquiring an additional 273 shares during the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

Insider Activity at Axon Enterprise

In other news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total transaction of $271,831.50. Following the sale, the director now directly owns 6,929 shares in the company, valued at $4,185,601.03. This represents a 6.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey C. Kunins sold 1,035 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $624.47, for a total value of $646,326.45. Following the sale, the insider now owns 124,243 shares in the company, valued at approximately $77,586,026.21. This represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,545 shares of company stock worth $30,721,337. Company insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AXON shares. JMP Securities lifted their price objective on shares of Axon Enterprise from $430.00 to $500.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. TD Cowen started coverage on shares of Axon Enterprise in a report on Wednesday, January 8th. They set a “buy” rating and a $700.00 price objective on the stock. Needham & Company LLC lifted their price objective on shares of Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Northland Securities lifted their price objective on shares of Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, Robert W. Baird lifted their price objective on shares of Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $504.92.

Axon Enterprise Trading Up 2.0 %

Shares of Axon Enterprise stock opened at $579.80 on Wednesday. Axon Enterprise, Inc. has a 52-week low of $246.99 and a 52-week high of $698.67. The stock’s 50-day simple moving average is $610.03 and its 200 day simple moving average is $452.93. The stock has a market capitalization of $44.21 billion, a P/E ratio of 149.82, a P/E/G ratio of 14.19 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.

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.