Meridian Wealth Management LLC Buys 81 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Meridian Wealth Management LLC increased its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 10.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 826 shares of the biotechnology company’s stock after purchasing an additional 81 shares during the quarter. Meridian Wealth Management LLC’s holdings in Axon Enterprise were worth $491,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AXON. Prestige Wealth Management Group LLC increased its position in shares of Axon Enterprise by 115.8% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after purchasing an additional 44 shares during the last quarter. New Wave Wealth Advisors LLC bought a new position in shares of Axon Enterprise during the 4th quarter valued at approximately $40,000. Brooklyn Investment Group bought a new position in shares of Axon Enterprise during the 3rd quarter valued at approximately $41,000. Y.D. More Investments Ltd bought a new position in Axon Enterprise in the 4th quarter valued at $45,000. Finally, Planning Capital Management Corp grew its position in Axon Enterprise by 83.3% in the 3rd 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 last quarter. Institutional investors own 79.08% of the company’s stock.

Axon Enterprise Trading Up 1.3 %

Shares of NASDAQ AXON opened at $534.96 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. The stock has a market capitalization of $40.79 billion, a P/E ratio of 138.23, a price-to-earnings-growth ratio of 5.17 and a beta of 1.12. Axon Enterprise, Inc. has a 1-year low of $273.52 and a 1-year high of $715.99. The business has a fifty day moving average price of $605.52 and a 200 day moving average price of $527.52.

Insider Buying and Selling

In other Axon Enterprise news, 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 completion of the sale, the director now directly owns 6,929 shares in the company, valued at approximately $4,185,601.03. This trade represents a 6.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey C. Kunins sold 1,370 shares of the stock in a transaction dated 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. Insiders sold 5,146 shares of company stock worth $3,262,847 in the last three months. 6.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on AXON. JMP Securities reaffirmed an “outperform” rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. Northland Securities upped their price objective on Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. TD Cowen began coverage on Axon Enterprise in a research report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price objective on the stock. Craig Hallum downgraded Axon Enterprise from a “buy” rating to a “hold” rating and set a $625.00 price objective on the stock. in a research report on Thursday, February 20th. Finally, Northcoast Research cut Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $587.38.

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.