Headlands Technologies LLC Acquires Shares of 6,615 Axon Enterprise, Inc. (NASDAQ:AXON)

Headlands Technologies LLC acquired a new stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,615 shares of the biotechnology company’s stock, valued at approximately $3,931,000.

Other institutional investors have also modified their holdings of the company. Prestige Wealth Management Group LLC increased its stake in Axon Enterprise by 115.8% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock worth $33,000 after buying an additional 44 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new stake in shares of Axon Enterprise in the fourth quarter worth approximately $40,000. Y.D. More Investments Ltd purchased a new stake in shares of Axon Enterprise during the fourth quarter worth approximately $45,000. Stonebridge Financial Group LLC acquired a new position in Axon Enterprise in the 4th quarter valued at $53,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in Axon Enterprise by 74.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company’s stock valued at $56,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

Axon Enterprise Trading Down 1.7 %

NASDAQ AXON opened at $525.95 on Tuesday. Axon Enterprise, Inc. has a 12 month low of $273.52 and a 12 month high of $715.99. The stock has a market capitalization of $40.30 billion, a P/E ratio of 135.90, a PEG ratio of 5.17 and a beta of 1.12. The firm’s 50-day moving average is $588.26 and its two-hundred day moving average is $551.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63.

Insider Transactions at Axon Enterprise

In other news, Director Jeri Williams sold 307 shares of the firm’s stock in a transaction on 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of Axon Enterprise stock in a transaction 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 directly owns 6,929 shares of the company’s stock, 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. Company insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AXON. The Goldman Sachs Group increased their target price on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, January 27th. TD Cowen began coverage on shares of Axon Enterprise in a report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price objective for the company. Barclays restated a “hold” rating on shares of Axon Enterprise in a report on Monday, March 10th. Robert W. Baird increased their price target on Axon Enterprise from $600.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, JMP Securities reissued an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Axon Enterprise presently has an average rating of “Moderate Buy” and a consensus target price of $604.67.

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.