Prestige Wealth Management Group LLC Increases Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Prestige Wealth Management Group LLC lifted its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 59.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 131 shares of the biotechnology company’s stock after purchasing an additional 49 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Axon Enterprise were worth $78,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. New Wave Wealth Advisors LLC bought a new stake in shares of Axon Enterprise during the fourth quarter valued at about $40,000. Brooklyn Investment Group purchased a new position in Axon Enterprise during the third quarter valued at approximately $41,000. Y.D. More Investments Ltd bought a new stake in Axon Enterprise during the 4th quarter worth approximately $45,000. Stonebridge Financial Group LLC purchased a new stake in Axon Enterprise in the 4th quarter worth approximately $53,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in Axon Enterprise by 74.1% in the 4th 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. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AXON shares. TD Cowen assumed coverage on shares of Axon Enterprise in a report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price target on the stock. Northcoast Research cut Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. Craig Hallum downgraded Axon Enterprise from a “buy” rating to a “cautious” rating in a research report on Monday, March 10th. Morgan Stanley upgraded Axon Enterprise from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $500.00 to $700.00 in a report on Tuesday, December 3rd. Finally, Robert W. Baird raised their price objective on Axon Enterprise from $600.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Axon Enterprise currently has a consensus rating of “Moderate Buy” and a consensus target price of $604.67.

Insider Transactions at Axon Enterprise

In other Axon Enterprise news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total value of $271,831.50. Following the completion of the sale, the director now owns 6,929 shares in the company, valued at approximately $4,185,601.03. This trade represents a 6.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeri Williams sold 307 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were 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 $899,275.44. This trade represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

Axon Enterprise Price Performance

Shares of Axon Enterprise stock opened at $577.18 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. Axon Enterprise, Inc. has a one year low of $273.52 and a one year high of $715.99. The business’s 50 day simple moving average is $591.92 and its two-hundred day simple moving average is $546.67. The stock has a market capitalization of $44.23 billion, a P/E ratio of 149.14, a price-to-earnings-growth ratio of 5.17 and a beta of 1.12.

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.