Axon Enterprise, Inc. (NASDAQ:AXON) Shares Acquired by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. grew its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,577 shares of the biotechnology company’s stock after buying an additional 706 shares during the period. EFG Asset Management North America Corp.’s holdings in Axon Enterprise were worth $5,095,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Prestige Wealth Management Group LLC grew its holdings 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 valued at $33,000 after purchasing an additional 44 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in Axon Enterprise during the 4th quarter valued at about $40,000. Brooklyn Investment Group bought a new stake in Axon Enterprise during the third quarter worth approximately $41,000. Y.D. More Investments Ltd bought a new stake in shares of Axon Enterprise in the 4th quarter worth $45,000. Finally, Stonebridge Financial Group LLC acquired a new stake in Axon Enterprise in the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 79.08% of the company’s stock.

Insiders Place Their Bets

In related news, Director Caitlin Elizabeth Kalinowski sold 450 shares of Axon Enterprise stock in a transaction dated Thursday, January 2nd. The shares were 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 directly owns 6,929 shares of the company’s stock, valued at $4,185,601.03. This trade represents a 6.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeri Williams sold 307 shares of Axon Enterprise stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $552.72, for a total transaction of $169,685.04. Following the completion of the transaction, the director now owns 1,627 shares of the company’s stock, valued at $899,275.44. This trade represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Axon Enterprise Stock Performance

NASDAQ:AXON opened at $572.52 on Tuesday. 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. The company has a market cap of $43.87 billion, a price-to-earnings ratio of 147.94, a PEG ratio of 5.17 and a beta of 1.12. The firm’s 50-day moving average is $591.98 and its 200-day moving average is $545.11.

Wall Street Analysts Forecast Growth

AXON has been the subject of a number of recent research reports. JMP Securities reiterated an “outperform” rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. The Goldman Sachs Group raised their price target on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Craig Hallum downgraded Axon Enterprise from a “buy” rating to a “cautious” rating in a research note on Monday, March 10th. Robert W. Baird boosted their target price on shares of Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Northcoast Research lowered Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $604.67.

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.