Tyler Stone Wealth Management Takes $214,000 Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Tyler Stone Wealth Management purchased a new position in shares of Axon Enterprise, Inc. (NASDAQ:AXON) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 360 shares of the biotechnology company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AXON. Prestige Wealth Management Group LLC increased 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 worth $33,000 after purchasing an additional 44 shares during the period. New Wave Wealth Advisors LLC bought a new position in Axon Enterprise during the 4th quarter worth $40,000. Brooklyn Investment Group acquired a new position in Axon Enterprise in the 3rd quarter valued at $41,000. Y.D. More Investments Ltd bought a new stake in shares of Axon Enterprise during the 4th quarter valued at $45,000. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Axon Enterprise during the 4th quarter worth $53,000. Institutional investors and hedge funds own 79.08% of the company’s stock.

Axon Enterprise Price Performance

AXON stock opened at $559.06 on Thursday. The company has a market capitalization of $42.84 billion, a P/E ratio of 144.46, a PEG ratio of 5.17 and a beta of 1.12. The company has a fifty day moving average price of $591.51 and a 200-day moving average price of $546.76. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. Axon Enterprise, Inc. has a 52-week low of $273.52 and a 52-week high of $715.99.

Wall Street Analysts Forecast Growth

AXON has been the subject of several recent analyst reports. Craig Hallum cut shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a research report on Monday, March 10th. Barclays reiterated a “hold” rating on shares of Axon Enterprise in a research report on Monday, March 10th. Morgan Stanley upgraded shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $500.00 to $700.00 in a research report on Tuesday, December 3rd. The Goldman Sachs Group raised their target price on Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, JMP Securities reissued an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Axon Enterprise currently has a consensus rating of “Moderate Buy” and an average target price of $604.67.

Insider Buying and Selling

In other news, Director Jeri Williams sold 307 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was 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 directly owns 1,627 shares in the company, valued at $899,275.44. This trade represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 owns 6,929 shares in the company, valued at $4,185,601.03. The trade was a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is owned by corporate insiders.

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.