Entropy Technologies LP Invests $2.25 Million in Axon Enterprise, Inc. (NASDAQ:AXON)

Entropy Technologies LP bought a new stake in Axon Enterprise, Inc. (NASDAQ:AXON) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,785 shares of the biotechnology company’s stock, valued at approximately $2,250,000.

Other institutional investors have also added to or reduced their stakes in the company. Prestige Wealth Management Group LLC increased its position 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 worth $33,000 after acquiring an additional 44 shares in the last quarter. New Wave Wealth Advisors LLC bought a new stake in Axon Enterprise during the 4th quarter worth approximately $40,000. Brooklyn Investment Group purchased a new stake in shares of Axon Enterprise in the third quarter worth approximately $41,000. Y.D. More Investments Ltd bought a new position in shares of Axon Enterprise in the fourth quarter valued at approximately $45,000. Finally, Planning Capital Management Corp boosted its position in shares of Axon Enterprise by 83.3% during the third 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 last quarter. 79.08% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Axon Enterprise

In other news, Director Julie A. Cullivan sold 1,261 shares of Axon Enterprise stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $682.06, for a total value of $860,077.66. Following the completion of the transaction, the director now directly owns 2,392 shares in the company, valued at approximately $1,631,487.52. The trade was a 34.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total value 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 trade represents a 6.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,545 shares of company stock worth $30,721,337 over the last quarter. Corporate insiders own 6.10% of the company’s stock.

Axon Enterprise Trading Up 0.3 %

Shares of AXON opened at $679.24 on Monday. Axon Enterprise, Inc. has a fifty-two week low of $255.68 and a fifty-two week high of $698.67. The business has a 50-day moving average of $623.43 and a 200 day moving average of $496.32. The firm has a market cap of $51.79 billion, a P/E ratio of 175.51, a price-to-earnings-growth ratio of 6.79 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96.

Analysts Set New Price Targets

AXON has been the subject of a number of analyst reports. JMP Securities increased their price target on Axon Enterprise from $610.00 to $725.00 and gave the company a “market outperform” rating in a research report on Tuesday, February 4th. Needham & Company LLC raised their price target on shares of Axon Enterprise from $525.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Northland Securities upped their price objective on shares of Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. The Goldman Sachs Group lifted their target price on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Morgan Stanley raised Axon Enterprise from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $500.00 to $700.00 in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Axon Enterprise has an average rating of “Moderate Buy” and an average price target of $542.15.

Axon Enterprise Company 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.