Axon Enterprise (NASDAQ:AXON) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Axon Enterprise (NASDAQ:AXONFree Report) from a hold rating to a buy rating in a research report released on Friday morning.

Several other research analysts have also weighed in on the stock. Morgan Stanley raised their price objective on shares of Axon Enterprise from $250.00 to $285.00 and gave the stock an equal weight rating in a report on Wednesday, February 28th. TheStreet downgraded shares of Axon Enterprise from a b rating to a c+ rating in a research report on Tuesday, February 27th. Raymond James lifted their price objective on shares of Axon Enterprise from $223.00 to $233.00 and gave the stock an outperform rating in a research note on Wednesday, November 8th. JMP Securities lifted their target price on shares of Axon Enterprise from $250.00 to $285.00 and gave the stock a market outperform rating in a research report on Tuesday, February 6th. Finally, Needham & Company LLC lifted their target price on shares of Axon Enterprise from $240.00 to $315.00 and gave the company a buy rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $293.90.

View Our Latest Analysis on AXON

Axon Enterprise Stock Performance

NASDAQ:AXON opened at $319.88 on Friday. The firm’s 50 day moving average is $262.69 and its two-hundred day moving average is $233.27. Axon Enterprise has a fifty-two week low of $175.37 and a fifty-two week high of $325.63. The company has a quick ratio of 2.66, a current ratio of 3.00 and a debt-to-equity ratio of 0.42. The company has a market cap of $24.09 billion, a P/E ratio of 139.08 and a beta of 0.93.

Insider Transactions at Axon Enterprise

In related news, President Joshua Isner sold 35,400 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $251.68, for a total transaction of $8,909,472.00. Following the transaction, the president now owns 309,564 shares in the company, valued at approximately $77,911,067.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, President Joshua Isner sold 35,400 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $251.68, for a total value of $8,909,472.00. Following the sale, the president now directly owns 309,564 shares in the company, valued at approximately $77,911,067.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey C. Kunins sold 1,796 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $253.46, for a total transaction of $455,214.16. Following the sale, the insider now owns 228,805 shares in the company, valued at $57,992,915.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,152 shares of company stock valued at $9,860,454. 6.10% of the stock is owned by insiders.

Institutional Trading of Axon Enterprise

A number of hedge funds and other institutional investors have recently made changes to their positions in AXON. BKM Wealth Management LLC bought a new position in Axon Enterprise during the fourth quarter worth $32,000. Hollencrest Capital Management acquired a new position in shares of Axon Enterprise in the first quarter valued at approximately $29,000. ICA Group Wealth Management LLC acquired a new position in shares of Axon Enterprise in the fourth quarter valued at approximately $25,000. Jones Financial Companies Lllp bought a new stake in Axon Enterprise in the second quarter valued at approximately $30,000. Finally, Key Financial Inc boosted its holdings in Axon Enterprise by 367.6% in the fourth quarter. Key Financial Inc now owns 159 shares of the biotechnology company’s stock valued at $41,000 after acquiring an additional 125 shares during the last quarter. 76.52% of the stock is currently owned by institutional investors and hedge funds.

Axon Enterprise Company Profile

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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.

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Analyst Recommendations for Axon Enterprise (NASDAQ:AXON)

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