Cullen Frost Bankers Inc. Purchases New Stake in Axon Enterprise, Inc. (NASDAQ:AXON)

Cullen Frost Bankers Inc. acquired a new position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 154 shares of the biotechnology company’s stock, valued at approximately $92,000.

A number of other large investors have also recently made changes to their positions in AXON. Prestige Wealth Management Group LLC raised its holdings in shares of Axon Enterprise by 115.8% in the 3rd 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 during 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 purchased a new stake in shares of Axon Enterprise in the fourth quarter worth approximately $45,000. Finally, Planning Capital Management Corp lifted its holdings 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 purchasing an additional 55 shares in the last quarter. 79.08% of the stock is owned by institutional investors.

Insider Activity at Axon Enterprise

In other Axon Enterprise news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total transaction of $271,831.50. Following the sale, the director now owns 6,929 shares of the company’s stock, valued at $4,185,601.03. The trade was a 6.10 % decrease in their position. The sale 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 on Monday, December 23rd. The stock was sold at an average price of $624.47, for a total value of $646,326.45. Following the sale, the insider now owns 124,243 shares in the company, valued at approximately $77,586,026.21. This represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,146 shares of company stock worth $3,262,847. Company insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AXON. The Goldman Sachs Group increased their price target on Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Barclays set a $726.00 target price on shares of Axon Enterprise and gave the company an “overweight” rating in a report on Thursday, February 27th. TD Cowen assumed coverage on shares of Axon Enterprise in a report on Wednesday, January 8th. They set a “buy” rating and a $700.00 price target on the stock. Morgan Stanley raised shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $500.00 to $700.00 in a research report on Tuesday, December 3rd. Finally, Northcoast Research cut shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $587.38.

Axon Enterprise Stock Up 5.4 %

Shares of NASDAQ AXON opened at $526.40 on Monday. 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 $40.33 billion, a PE ratio of 136.02, a P/E/G ratio of 5.17 and a beta of 1.12. Axon Enterprise, Inc. has a one year low of $273.52 and a one year high of $715.99. The business’s fifty day moving average price is $599.42 and its 200-day moving average price is $530.62.

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.