133 Shares in Axon Enterprise, Inc. (NASDAQ:AXON) Purchased by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust acquired a new stake in Axon Enterprise, Inc. (NASDAQ:AXON) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 133 shares of the biotechnology company’s stock, valued at approximately $79,000.

Other institutional investors have also modified their holdings of the company. Public Sector Pension Investment Board lifted its stake in shares of Axon Enterprise by 19.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,104 shares of the biotechnology company’s stock valued at $1,240,000 after purchasing an additional 500 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Axon Enterprise by 9.2% in the 3rd quarter. CIBC Asset Management Inc now owns 10,578 shares of the biotechnology company’s stock valued at $4,227,000 after purchasing an additional 895 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in shares of Axon Enterprise in the 3rd quarter valued at approximately $221,000. Sequoia Financial Advisors LLC lifted its stake in shares of Axon Enterprise by 4.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,727 shares of the biotechnology company’s stock valued at $690,000 after purchasing an additional 81 shares during the last quarter. Finally, Axxcess Wealth Management LLC bought a new stake in shares of Axon Enterprise in the 3rd quarter valued at approximately $814,000. 79.08% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, President Joshua Isner sold 1,291 shares of Axon Enterprise stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $642.43, for a total value of $829,377.13. Following the transaction, the president now directly owns 181,892 shares in the company, valued at approximately $116,852,877.56. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 transaction, the director now 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 disclosure for this sale can be found here. Insiders have sold 8,711 shares of company stock worth $5,631,561 in the last ninety days. 5.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AXON. JMP Securities raised their price objective on Axon Enterprise from $610.00 to $725.00 and gave the company a “market outperform” rating in a research note on Tuesday, February 4th. Northland Securities increased their price target on Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Morgan Stanley upgraded Axon Enterprise from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $500.00 to $700.00 in a report on Tuesday, December 3rd. Needham & Company LLC increased their price target on Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Robert W. Baird increased their price target on Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $542.15.

Axon Enterprise Trading Down 16.4 %

AXON opened at $593.42 on Thursday. The stock’s fifty day moving average is $624.50 and its two-hundred day moving average is $515.36. The company has a market capitalization of $45.25 billion, a P/E ratio of 153.34, a PEG ratio of 6.85 and a beta of 1.05. Axon Enterprise, Inc. has a 52 week low of $260.27 and a 52 week high of $715.99. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32.

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.