Wedbush Securities Inc. Has $1.36 Million Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Wedbush Securities Inc. grew its stake in Axon Enterprise, Inc. (NASDAQ:AXON) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,284 shares of the biotechnology company’s stock after buying an additional 112 shares during the period. Wedbush Securities Inc.’s holdings in Axon Enterprise were worth $1,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Prestige Wealth Management Group LLC grew its position in Axon Enterprise by 115.8% during the third 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 bought a new stake in shares of Axon Enterprise in the 4th quarter worth approximately $40,000. Y.D. More Investments Ltd acquired a new stake in shares of Axon Enterprise during the 4th quarter worth approximately $45,000. Stonebridge Financial Group LLC bought a new stake in shares of Axon Enterprise during the fourth quarter valued at approximately $53,000. Finally, GPS Wealth Strategies Group LLC increased its position in shares of Axon Enterprise by 74.1% during the fourth 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 during the period. Institutional investors own 79.08% of the company’s stock.

Analysts Set New Price Targets

AXON has been the topic of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $600.00 price target on shares of Axon Enterprise in a research note on Wednesday, February 26th. Barclays reissued a “hold” rating on shares of Axon Enterprise in a research note on Monday, March 10th. Northcoast Research cut shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group upped their price objective on Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Craig Hallum cut Axon Enterprise from a “buy” rating to a “cautious” rating in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $604.67.

Insider Activity at Axon Enterprise

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

Axon Enterprise Stock Down 7.9 %

Shares of NASDAQ:AXON opened at $497.13 on Monday. Axon Enterprise, Inc. has a 12 month low of $273.52 and a 12 month high of $715.99. The firm 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. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $582.26 and its two-hundred day moving average price is $555.87.

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.