Farther Finance Advisors LLC Has $865,000 Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Farther Finance Advisors LLC raised its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 66.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,456 shares of the biotechnology company’s stock after buying an additional 581 shares during the quarter. Farther Finance Advisors LLC’s holdings in Axon Enterprise were worth $865,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AXON. Groupama Asset Managment acquired a new position in shares of Axon Enterprise during the 3rd quarter worth about $200,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Axon Enterprise during the 3rd quarter worth about $120,553,000. Proficio Capital Partners LLC acquired a new position in shares of Axon Enterprise during the 4th quarter worth about $78,414,000. Westfield Capital Management Co. LP grew its position in shares of Axon Enterprise by 12.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,175,328 shares of the biotechnology company’s stock worth $469,661,000 after buying an additional 127,769 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Axon Enterprise by 328.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 145,299 shares of the biotechnology company’s stock valued at $86,354,000 after purchasing an additional 111,405 shares in the last quarter. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Axon Enterprise

In other news, Director Michael Garnreiter sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $639.69, for a total transaction of $639,690.00. Following the sale, the director now owns 24,259 shares in the company, valued at $15,518,239.71. This represents a 3.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 6,929 shares in the company, valued at approximately $4,185,601.03. This represents a 6.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,146 shares of company stock worth $3,262,847 in the last 90 days. Corporate insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Morgan Stanley upgraded Axon Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $500.00 to $700.00 in a report on Tuesday, December 3rd. The Goldman Sachs Group lifted their price objective on Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a report on Monday, January 27th. Needham & Company LLC reiterated a “buy” rating and set a $600.00 price objective on shares of Axon Enterprise in a report on Wednesday, February 26th. Barclays reiterated a “hold” rating on shares of Axon Enterprise in a report on Monday. Finally, Craig Hallum cut Axon Enterprise from a “buy” rating to a “cautious” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $604.67.

Axon Enterprise Trading Up 4.1 %

NASDAQ AXON opened at $556.26 on Friday. The stock has a market capitalization of $42.62 billion, a price-to-earnings ratio of 143.74, a PEG ratio of 5.17 and a beta of 1.12. The stock’s 50 day moving average price is $594.32 and its two-hundred day moving average price is $532.91. 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.

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.