E. Ohman J or Asset Management AB Buys 110 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

E. Ohman J or Asset Management AB boosted its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 3.7% during the fourth quarter, Holdings Channel reports. The firm owned 3,110 shares of the biotechnology company’s stock after purchasing an additional 110 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Axon Enterprise were worth $1,848,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its holdings in shares of Axon Enterprise by 3.6% during the 4th quarter. Mather Group LLC. now owns 786 shares of the biotechnology company’s stock valued at $467,000 after buying an additional 27 shares during the period. Commonwealth Financial Services LLC bought a new position in Axon Enterprise in the fourth quarter valued at about $212,000. WESPAC Advisors SoCal LLC boosted its position in Axon Enterprise by 20.1% in the fourth quarter. WESPAC Advisors SoCal LLC now owns 3,418 shares of the biotechnology company’s stock worth $2,031,000 after purchasing an additional 573 shares during the last quarter. Financial Life Planners bought a new stake in shares of Axon Enterprise during the 4th quarter valued at about $480,000. Finally, Rice Partnership LLC increased its position in shares of Axon Enterprise by 19.9% during the 4th quarter. Rice Partnership LLC now owns 602 shares of the biotechnology company’s stock valued at $358,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Axon Enterprise Trading Up 0.7 %

Shares of AXON opened at $662.91 on Wednesday. The firm has a market cap of $50.55 billion, a P/E ratio of 171.30, a price-to-earnings-growth ratio of 6.54 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. Axon Enterprise, Inc. has a 1 year low of $252.20 and a 1 year high of $698.67. The company has a 50 day simple moving average of $621.03 and a two-hundred day simple moving average of $488.66.

Wall Street Analyst Weigh In

AXON has been the subject of several recent research reports. The Goldman Sachs Group boosted their target price on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, January 27th. TD Cowen started coverage on shares of Axon Enterprise in a research report on Wednesday, January 8th. They set a “buy” rating and a $700.00 price objective for the company. Northland Securities raised their target price on Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Needham & Company LLC boosted their price target on Axon Enterprise from $525.00 to $600.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, JMP Securities raised their price objective on Axon Enterprise from $610.00 to $725.00 and gave the stock a “market outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $542.15.

Insider Activity at Axon Enterprise

In related news, Director Michael Garnreiter sold 1,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $639.69, for a total value of $639,690.00. Following the sale, the director now directly owns 24,259 shares in the company, valued at approximately $15,518,239.71. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julie A. Cullivan sold 1,261 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $682.06, for a total value of $860,077.66. Following the transaction, the director now owns 2,392 shares of the company’s stock, valued at $1,631,487.52. This represents a 34.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,545 shares of company stock valued at $30,721,337. Corporate insiders own 5.70% 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.