Heritage Wealth Management Inc. Buys Shares of 400 Axon Enterprise, Inc. (NASDAQ:AXON)

Heritage Wealth Management Inc. bought a new stake in Axon Enterprise, Inc. (NASDAQ:AXON) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 400 shares of the biotechnology company’s stock, valued at approximately $238,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC lifted its stake in Axon Enterprise by 115.8% in the third quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after acquiring an additional 44 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new stake in Axon Enterprise in the fourth quarter valued at approximately $40,000. Brooklyn Investment Group bought a new position in shares of Axon Enterprise in the third quarter valued at approximately $41,000. Y.D. More Investments Ltd bought a new position in shares of Axon Enterprise in the fourth quarter valued at approximately $45,000. Finally, Planning Capital Management Corp raised its position in shares of Axon Enterprise by 83.3% in the third quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock valued at $48,000 after purchasing an additional 55 shares during the period. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Axon Enterprise

In other Axon Enterprise news, insider Jeffrey C. Kunins sold 2,304 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $654.79, for a total value of $1,508,636.16. Following the sale, the insider now owns 128,542 shares of the company’s stock, valued at $84,168,016.18. The trade was a 1.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total transaction of $271,831.50. Following the completion of the sale, the director now directly owns 6,929 shares in the company, valued at $4,185,601.03. This trade represents a 6.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,711 shares of company stock valued at $5,631,561 in the last 90 days. 6.10% of the stock is currently owned by company insiders.

Axon Enterprise Trading Up 0.6 %

Shares of AXON stock opened at $528.45 on Friday. The firm has a market capitalization of $40.30 billion, a P/E ratio of 136.55, a price-to-earnings-growth ratio of 5.17 and a beta of 1.05. 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’s fifty day simple moving average is $609.55 and its 200 day simple moving average is $524.28. Axon Enterprise, Inc. has a 1 year low of $273.52 and a 1 year high of $715.99.

Analysts Set New Price Targets

AXON has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $600.00 price target on shares of Axon Enterprise in a research report on Wednesday. Craig Hallum lowered shares of Axon Enterprise from a “buy” rating to a “hold” rating and set a $625.00 price target on the stock. in a research report on Thursday, February 20th. Morgan Stanley raised shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $500.00 to $700.00 in a research report on Tuesday, December 3rd. JMP Securities reissued an “outperform” rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. Finally, TD Cowen initiated coverage on shares of Axon Enterprise in a research report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price target on the stock. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $587.38.

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.