Ashton Thomas Securities LLC Purchases 516 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Ashton Thomas Securities LLC raised its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 1,097.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 563 shares of the biotechnology company’s stock after buying an additional 516 shares during the period. Ashton Thomas Securities LLC’s holdings in Axon Enterprise were worth $335,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AXON. Prestige Wealth Management Group LLC increased its stake 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 buying an additional 44 shares during the period. New Wave Wealth Advisors LLC acquired a new stake in Axon Enterprise during the 4th quarter worth approximately $40,000. Brooklyn Investment Group bought a new stake in Axon Enterprise during the 3rd quarter worth approximately $41,000. Y.D. More Investments Ltd acquired a new position in Axon Enterprise in the 4th quarter valued at approximately $45,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Axon Enterprise during the fourth quarter valued at $53,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Axon Enterprise

In related news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total value of $271,831.50. Following the transaction, the director now directly owns 6,929 shares in the company, 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 Securities & Exchange Commission, which is available at this link. Also, Director Jeri Williams sold 307 shares of Axon Enterprise stock in a transaction 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 sale, the director now directly owns 1,627 shares of the company’s stock, valued at approximately $899,275.44. The trade was a 15.87 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Barclays reissued a “hold” rating on shares of Axon Enterprise in a research note on Monday, March 10th. Craig Hallum lowered Axon Enterprise from a “buy” rating to a “cautious” rating in a research report on Monday, March 10th. The Goldman Sachs Group raised their price objective on Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. TD Cowen initiated coverage on Axon Enterprise in a report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 target price on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $600.00 price target on shares of Axon Enterprise in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Axon Enterprise presently has a consensus rating of “Moderate Buy” and a consensus price target of $604.67.

Axon Enterprise Stock Up 0.8 %

Shares of NASDAQ AXON opened at $577.18 on Wednesday. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. The firm has a market cap of $44.23 billion, a PE ratio of 149.14, a P/E/G ratio of 5.17 and a beta of 1.12. The company’s fifty day simple moving average is $591.92 and its 200 day simple moving average is $546.67. Axon Enterprise, Inc. has a 12-month low of $273.52 and a 12-month high of $715.99.

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.