Keystone Financial Group Acquires Shares of 938 Axon Enterprise, Inc. (NASDAQ:AXON)

Keystone Financial Group bought a new position in Axon Enterprise, Inc. (NASDAQ:AXON) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 938 shares of the biotechnology company’s stock, valued at approximately $597,000.

Other hedge funds have also made changes to their positions in the company. Asset Dedication LLC boosted its position in Axon Enterprise by 11.3% in the fourth quarter. Asset Dedication LLC now owns 178 shares of the biotechnology company’s stock valued at $106,000 after buying an additional 18 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Axon Enterprise by 1.3% in the 4th quarter. Bleakley Financial Group LLC now owns 1,527 shares of the biotechnology company’s stock worth $908,000 after acquiring an additional 20 shares in the last quarter. Venturi Wealth Management LLC grew its position in Axon Enterprise by 2.7% during the 4th quarter. Venturi Wealth Management LLC now owns 802 shares of the biotechnology company’s stock worth $477,000 after acquiring an additional 21 shares during the last quarter. Burns Matteson Capital Management LLC grew its position in Axon Enterprise by 3.4% during the 4th quarter. Burns Matteson Capital Management LLC now owns 757 shares of the biotechnology company’s stock worth $450,000 after acquiring an additional 25 shares during the last quarter. Finally, Transcend Capital Advisors LLC increased its holdings in Axon Enterprise by 3.6% during the 4th quarter. Transcend Capital Advisors LLC now owns 726 shares of the biotechnology company’s stock valued at $431,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

Insider Transactions at Axon Enterprise

In related news, Director Jeri Williams sold 307 shares of the stock in a transaction on Monday, March 17th. The shares were 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 owns 1,627 shares in the company, valued at approximately $899,275.44. This represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 6.10% of the company’s stock.

Axon Enterprise Stock Up 3.0 %

AXON stock opened at $567.98 on Monday. The stock has a market capitalization of $43.52 billion, a P/E ratio of 146.77, a P/E/G ratio of 5.17 and a beta of 1.13. The business has a 50-day moving average of $567.07 and a 200-day moving average of $561.71. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. Axon Enterprise, Inc. has a fifty-two week low of $273.52 and a fifty-two week high of $715.99.

Analyst Ratings Changes

Several analysts have recently commented on AXON shares. Barclays restated a “hold” rating on shares of Axon Enterprise in a report on Monday, March 10th. Needham & Company LLC reissued a “buy” rating and set a $600.00 price objective on shares of Axon Enterprise in a report on Wednesday, February 26th. JMP Securities reaffirmed an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. 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 note on Monday, January 27th. Finally, Northcoast Research downgraded Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Axon Enterprise currently has an average rating of “Moderate Buy” and an average target price of $626.45.

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.