Soros Capital Management LLC Invests $630,000 in Axon Enterprise, Inc. (NASDAQ:AXON)

Soros Capital Management LLC purchased a new position in Axon Enterprise, Inc. (NASDAQ:AXON) in the third quarter, HoldingsChannel reports. The fund purchased 1,576 shares of the biotechnology company’s stock, valued at approximately $630,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in shares of Axon Enterprise by 987.5% in the 2nd quarter. Blue Trust Inc. now owns 87 shares of the biotechnology company’s stock worth $27,000 after purchasing an additional 79 shares during the last quarter. Quent Capital LLC grew its stake in Axon Enterprise by 1,875.0% in the third quarter. Quent Capital LLC now owns 79 shares of the biotechnology company’s stock worth $32,000 after purchasing an additional 75 shares in the last quarter. Brooklyn Investment Group acquired a new position in Axon Enterprise in the third quarter worth about $41,000. Asset Dedication LLC bought a new stake in Axon Enterprise in the second quarter valued at about $47,000. Finally, Planning Capital Management Corp raised its stake in Axon Enterprise by 83.3% during the third quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock valued at $48,000 after buying an additional 55 shares in the last quarter. 79.08% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Axon Enterprise news, President Joshua Isner sold 25,811 shares of Axon Enterprise stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $359.84, for a total value of $9,287,830.24. Following the transaction, the president now owns 228,166 shares in the company, valued at approximately $82,103,253.44. The trade was a 10.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey C. Kunins sold 21,834 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $593.88, for a total value of $12,966,775.92. Following the sale, the insider now owns 154,394 shares of the company’s stock, valued at $91,691,508.72. This trade represents a 12.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 260,256 shares of company stock worth $105,984,120 over the last ninety days. Company insiders own 5.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Craig Hallum upped their price target on Axon Enterprise from $370.00 to $376.00 and gave the company a “buy” rating in a research 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 research report on Wednesday, October 23rd. Robert W. Baird increased their target price on Axon Enterprise from $440.00 to $460.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. JMP Securities boosted their price target on shares of Axon Enterprise from $430.00 to $500.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Finally, Barclays increased their price objective on shares of Axon Enterprise from $381.00 to $387.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Axon Enterprise has an average rating of “Moderate Buy” and an average target price of $427.83.

Axon Enterprise Trading Up 2.1 %

Shares of NASDAQ:AXON opened at $632.16 on Wednesday. The company has a 50 day moving average of $468.24 and a 200-day moving average of $370.65. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. The firm has a market cap of $48.20 billion, a P/E ratio of 163.35, a P/E/G ratio of 13.62 and a beta of 0.94. Axon Enterprise, Inc. has a twelve month low of $224.28 and a twelve month high of $641.20.

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.