Axon Enterprise, Inc. (NASDAQ:AXON) Shares Sold by Trek Financial LLC

Trek Financial LLC trimmed its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 77.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,952 shares of the biotechnology company’s stock after selling 10,318 shares during the period. Trek Financial LLC’s holdings in Axon Enterprise were worth $1,754,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Hilltop Holdings Inc. purchased a new stake in Axon Enterprise during the third quarter worth $220,000. Royal London Asset Management Ltd. boosted its position in shares of Axon Enterprise by 18.0% in the 3rd quarter. Royal London Asset Management Ltd. now owns 31,358 shares of the biotechnology company’s stock worth $12,531,000 after buying an additional 4,784 shares in the last quarter. Quantinno Capital Management LP grew its stake in Axon Enterprise by 32.3% in the 3rd quarter. Quantinno Capital Management LP now owns 7,846 shares of the biotechnology company’s stock valued at $3,135,000 after acquiring an additional 1,914 shares during the last quarter. Stifel Financial Corp grew its stake in Axon Enterprise by 32.8% in the 3rd quarter. Stifel Financial Corp now owns 23,945 shares of the biotechnology company’s stock valued at $9,568,000 after acquiring an additional 5,914 shares during the last quarter. Finally, Two Sigma Advisers LP increased its holdings in Axon Enterprise by 144.7% during the 3rd quarter. Two Sigma Advisers LP now owns 66,800 shares of the biotechnology company’s stock valued at $26,693,000 after acquiring an additional 39,500 shares in the last quarter. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Axon Enterprise Trading Down 7.9 %

NASDAQ AXON opened at $497.13 on Monday. The company has a market cap of $38.09 billion, a P/E ratio of 128.46, a P/E/G ratio of 5.17 and a beta of 1.13. Axon Enterprise, Inc. has a 12 month low of $273.52 and a 12 month high of $715.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. The company has a 50-day moving average of $582.26 and a 200-day moving average of $555.87.

Analyst Ratings Changes

AXON has been the topic of several research reports. The Goldman Sachs Group increased their price target 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. Barclays reiterated a “hold” rating on shares of Axon Enterprise in a report on Monday, March 10th. Northcoast Research cut Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Wednesday, February 19th. Needham & Company LLC restated a “buy” rating and issued a $600.00 price objective on shares of Axon Enterprise in a research report on Wednesday, February 26th. Finally, JMP Securities reiterated an “outperform” rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Axon Enterprise presently has an average rating of “Moderate Buy” and an average price target of $604.67.

Insider Activity at Axon Enterprise

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of Axon Enterprise stock in a transaction on Monday, March 17th. The shares were sold at an average price of $552.72, for a total value of $169,685.04. Following the transaction, the director now owns 1,627 shares in the company, valued at $899,275.44. This trade represents a 15.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.10% of the stock is owned by insiders.

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.