Maia Wealth LLC Purchases Shares of 380 Axon Enterprise, Inc. (NASDAQ:AXON)

Maia Wealth LLC purchased a new stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 380 shares of the biotechnology company’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Prestige Wealth Management Group LLC boosted its position in shares of Axon Enterprise by 115.8% in the third quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after acquiring an additional 44 shares during the period. New Wave Wealth Advisors LLC bought a new stake in shares of Axon Enterprise in the fourth quarter valued at approximately $40,000. Brooklyn Investment Group bought a new stake in shares of Axon Enterprise in the third quarter valued at approximately $41,000. Y.D. More Investments Ltd bought a new stake 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% in the third quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock valued at $48,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 79.08% of the company’s stock.

Insider Activity

In other news, Director Julie A. Cullivan sold 1,261 shares of the firm’s 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 sale, the director now directly owns 2,392 shares in the company, valued at approximately $1,631,487.52. This trade represents a 34.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey C. Kunins sold 1,370 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $639.14, for a total value of $875,621.80. Following the completion of the sale, the insider now owns 125,950 shares of the company’s stock, valued at approximately $80,499,683. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,407 shares of company stock worth $4,122,925. 6.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on AXON. The Goldman Sachs Group increased their price objective on Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Craig Hallum cut Axon Enterprise from a “buy” rating to a “hold” rating and set a $625.00 target price for the company. in a research report on Thursday, February 20th. Northcoast Research cut Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. Barclays set a $726.00 target price on Axon Enterprise and gave the stock an “overweight” rating in a research report on Thursday. Finally, TD Cowen assumed coverage on Axon Enterprise in a research report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $587.38.

Axon Enterprise Stock Down 0.5 %

Shares of NASDAQ AXON opened at $525.75 on Tuesday. The stock has a market cap of $40.09 billion, a PE ratio of 135.85, a PEG ratio of 5.17 and a beta of 1.05. The business has a fifty day moving average of $607.58 and a two-hundred day moving average of $526.43. Axon Enterprise, Inc. has a 52-week low of $273.52 and a 52-week high of $715.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96.

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.