First Heartland Consultants Inc. Acquires New Position in Axon Enterprise, Inc. (NASDAQ:AXON)

First Heartland Consultants Inc. bought a new position in Axon Enterprise, Inc. (NASDAQ:AXON) during the third quarter, Holdings Channel reports. The institutional investor bought 723 shares of the biotechnology company’s stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. boosted its position in Axon Enterprise by 987.5% during the 2nd quarter. Blue Trust Inc. now owns 87 shares of the biotechnology company’s stock valued at $27,000 after purchasing an additional 79 shares during the period. Quent Capital LLC lifted its position in Axon Enterprise by 1,875.0% in the 3rd quarter. Quent Capital LLC now owns 79 shares of the biotechnology company’s stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. Asset Dedication LLC acquired a new position in Axon Enterprise during the 2nd quarter valued at about $47,000. Friedenthal Financial bought a new position in Axon Enterprise in the 3rd quarter worth about $51,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Axon Enterprise during the second quarter valued at approximately $59,000. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AXON shares. Needham & Company LLC increased their price objective on Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Robert W. Baird raised their price target on Axon Enterprise from $440.00 to $460.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Northland Securities upped their price objective on shares of Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday. JMP Securities raised their target price on shares of Axon Enterprise from $430.00 to $500.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Finally, Bank of America assumed coverage on shares of Axon Enterprise in a research note on Wednesday, July 17th. They issued a “buy” rating and a $380.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $427.83.

Insider Activity

In other Axon Enterprise news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $373.03, for a total transaction of $167,863.50. Following the sale, the director now owns 7,379 shares in the company, valued at approximately $2,752,588.37. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Axon Enterprise news, Director Caitlin Elizabeth Kalinowski sold 450 shares of Axon Enterprise stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $373.03, for a total transaction of $167,863.50. Following the transaction, the director now directly owns 7,379 shares in the company, valued at approximately $2,752,588.37. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Patrick W. Smith sold 80,300 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $371.78, for a total value of $29,853,934.00. Following the completion of the sale, the chief executive officer now owns 3,015,366 shares of the company’s stock, valued at $1,121,052,771.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 389,172 shares of company stock valued at $148,393,842 over the last three months. Insiders own 6.10% of the company’s stock.

Axon Enterprise Stock Performance

AXON opened at $601.29 on Thursday. 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 $45.85 billion, a PE ratio of 155.37, a P/E/G ratio of 14.95 and a beta of 0.94. The business has a fifty day simple moving average of $428.90 and a 200-day simple moving average of $353.54. Axon Enterprise, Inc. has a fifty-two week low of $220.51 and a fifty-two week high of $624.84.

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.