Axon Enterprise, Inc. (NASDAQ:AXON) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 15.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,804 shares of the biotechnology company’s stock after selling 1,841 shares during the quarter. Yousif Capital Management LLC’s holdings in Axon Enterprise were worth $5,827,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Sargent Investment Group LLC acquired a new stake in Axon Enterprise in the fourth quarter valued at $300,000. E. Ohman J or Asset Management AB lifted its stake in shares of Axon Enterprise by 3.7% in the fourth quarter. E. Ohman J or Asset Management AB now owns 3,110 shares of the biotechnology company’s stock valued at $1,848,000 after purchasing an additional 110 shares during the period. Mather Group LLC. boosted its holdings in Axon Enterprise by 3.6% during the fourth quarter. Mather Group LLC. now owns 786 shares of the biotechnology company’s stock worth $467,000 after buying an additional 27 shares in the last quarter. Commonwealth Financial Services LLC acquired a new position in Axon Enterprise during the fourth quarter worth about $212,000. Finally, WESPAC Advisors SoCal LLC increased its holdings in Axon Enterprise by 20.1% in the fourth quarter. WESPAC Advisors SoCal LLC now owns 3,418 shares of the biotechnology company’s stock valued at $2,031,000 after buying an additional 573 shares in the last quarter. 79.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Axon Enterprise news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total transaction of $271,831.50. Following the completion of the sale, the director now directly owns 6,929 shares in the company, valued at $4,185,601.03. This represents a 6.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Joshua Isner sold 20,000 shares of Axon Enterprise stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $606.15, for a total value of $12,123,000.00. Following the completion of the transaction, the president now directly owns 208,166 shares in the company, valued at $126,179,820.90. This represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,545 shares of company stock valued at $30,721,337 in the last 90 days. 6.10% of the stock is currently owned by insiders.

Axon Enterprise Stock Performance

Axon Enterprise stock opened at $677.40 on Friday. The stock has a fifty day moving average price of $622.79 and a 200 day moving average price of $491.30. Axon Enterprise, Inc. has a 52 week low of $255.68 and a 52 week high of $698.67. The firm has a market capitalization of $51.66 billion, a P/E ratio of 175.04, a PEG ratio of 6.54 and a beta of 1.05. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AXON. The Goldman Sachs Group upped their price target on Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Robert W. Baird raised their price target on Axon Enterprise from $600.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. JMP Securities boosted their price objective on shares of Axon Enterprise from $610.00 to $725.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Morgan Stanley upgraded shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $500.00 to $700.00 in a report on Tuesday, December 3rd. Finally, TD Cowen started coverage on shares of Axon Enterprise in a report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $542.15.

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.