Vivid Wealth Management LLC Lowers Stake in Axon Enterprise, Inc. (NASDAQ:AXON)

Vivid Wealth Management LLC trimmed its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 45.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,895 shares of the biotechnology company’s stock after selling 3,259 shares during the quarter. Vivid Wealth Management LLC’s holdings in Axon Enterprise were worth $2,315,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Groupama Asset Managment purchased a new position in Axon Enterprise during the 3rd quarter worth $200,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Axon Enterprise in the third quarter valued at about $120,553,000. International Assets Investment Management LLC acquired a new stake in shares of Axon Enterprise in the third quarter valued at about $871,860,000. Westfield Capital Management Co. LP raised its position in Axon Enterprise by 12.2% during the third quarter. Westfield Capital Management Co. LP now owns 1,175,328 shares of the biotechnology company’s stock worth $469,661,000 after acquiring an additional 127,769 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Axon Enterprise by 328.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 145,299 shares of the biotechnology company’s stock worth $86,354,000 after acquiring an additional 111,405 shares during the last quarter. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Axon Enterprise Stock Performance

Shares of NASDAQ:AXON opened at $683.41 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $52.11 billion, a P/E ratio of 176.59, a P/E/G ratio of 6.79 and a beta of 1.05. The business has a 50-day moving average price of $623.22 and a two-hundred day moving average price of $506.30. Axon Enterprise, Inc. has a 1-year low of $260.27 and a 1-year high of $698.67.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AXON. Robert W. Baird boosted their price objective on shares of Axon Enterprise from $600.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Needham & Company LLC boosted their price objective on shares of Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. TD Cowen began coverage on shares of Axon Enterprise in a research note on Wednesday, January 8th. They set a “buy” rating and a $700.00 price objective for the company. JMP Securities upped their target price on shares of Axon Enterprise from $610.00 to $725.00 and gave the company a “market outperform” rating in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group upped their price target on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $542.15.

Insider Buying and Selling

In other Axon Enterprise news, 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 transaction 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. This represents a 6.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey C. Kunins sold 1,035 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $624.47, for a total value of $646,326.45. Following the completion of the sale, the insider now directly owns 124,243 shares of the company’s stock, valued at approximately $77,586,026.21. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,711 shares of company stock valued at $5,631,561. 6.10% of the stock is owned by corporate insiders.

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.