Sigma Planning Corp Has $406,000 Stock Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Sigma Planning Corp lowered its stake in Axon Enterprise, Inc. (NASDAQ:AXON) by 14.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,016 shares of the biotechnology company’s stock after selling 177 shares during the quarter. Sigma Planning Corp’s holdings in Axon Enterprise were worth $406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Axon Enterprise by 987.5% during the second quarter. Blue Trust Inc. now owns 87 shares of the biotechnology company’s stock worth $27,000 after buying an additional 79 shares during the last quarter. Quent Capital LLC raised its position in shares of Axon Enterprise by 1,875.0% in the 3rd quarter. Quent Capital LLC now owns 79 shares of the biotechnology company’s stock valued at $32,000 after acquiring an additional 75 shares during the period. Asset Dedication LLC bought a new position in Axon Enterprise during the 2nd quarter worth approximately $47,000. Friedenthal Financial acquired a new position in Axon Enterprise during the third quarter valued at approximately $51,000. Finally, Cullen Frost Bankers Inc. bought a new stake in Axon Enterprise in the second quarter valued at approximately $59,000. 79.08% of the stock is currently owned by institutional investors.

Insider Transactions at Axon Enterprise

In other news, Director Jeri Williams sold 110 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $400.00, for a total transaction of $44,000.00. Following the transaction, the director now directly owns 1,934 shares in the company, valued at $773,600. The trade was a 5.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick W. Smith sold 80,300 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $371.78, for a total transaction of $29,853,934.00. Following the completion of the sale, the chief executive officer now owns 3,015,366 shares of the company’s stock, valued at $1,121,052,771.48. This trade represents a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 411,006 shares of company stock worth $161,360,618 in the last 90 days. Corporate insiders own 6.10% of the company’s stock.

Axon Enterprise Stock Performance

AXON opened at $599.35 on Friday. The business’s 50-day simple moving average is $438.79 and its 200 day simple moving average is $357.27. Axon Enterprise, Inc. has a 52-week low of $220.78 and a 52-week high of $624.84. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. The firm has a market capitalization of $45.70 billion, a PE ratio of 154.87, a PEG ratio of 15.10 and a beta of 0.94.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AXON shares. Barclays boosted their price target on shares of Axon Enterprise from $381.00 to $387.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. The Goldman Sachs Group increased their price target on Axon Enterprise from $385.00 to $441.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Northland Securities lifted their price objective on Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Craig Hallum increased their target price on Axon Enterprise from $370.00 to $376.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, JMP Securities lifted their price target on shares of Axon Enterprise from $430.00 to $500.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $427.83.

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.