Weekly Research Analysts’ Ratings Updates for Axon Enterprise (AXON)

Axon Enterprise (NASDAQ: AXON) has recently received a number of price target changes and ratings updates:

  • 3/1/2024 – Axon Enterprise was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 2/29/2024 – Axon Enterprise had its price target raised by analysts at Barclays PLC from $296.00 to $308.00. They now have an “overweight” rating on the stock.
  • 2/28/2024 – Axon Enterprise had its price target raised by analysts at JPMorgan Chase & Co. from $285.00 to $330.00. They now have an “overweight” rating on the stock.
  • 2/28/2024 – Axon Enterprise had its price target raised by analysts at Morgan Stanley from $250.00 to $285.00. They now have an “equal weight” rating on the stock.
  • 2/28/2024 – Axon Enterprise had its price target raised by analysts at The Goldman Sachs Group, Inc. from $297.00 to $339.00. They now have a “buy” rating on the stock.
  • 2/28/2024 – Axon Enterprise had its price target raised by analysts at Needham & Company LLC from $240.00 to $315.00. They now have a “buy” rating on the stock.
  • 2/27/2024 – Axon Enterprise was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 2/22/2024 – Axon Enterprise had its price target raised by analysts at Robert W. Baird from $260.00 to $300.00. They now have an “outperform” rating on the stock.
  • 2/6/2024 – Axon Enterprise had its price target raised by analysts at JMP Securities from $250.00 to $285.00. They now have a “market outperform” rating on the stock.
  • 2/2/2024 – Axon Enterprise had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $240.00 price target on the stock.

Axon Enterprise Price Performance

AXON stock opened at $319.88 on Tuesday. The firm has a market cap of $24.09 billion, a P/E ratio of 139.08 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.66 and a current ratio of 3.00. The firm’s fifty day moving average is $262.69 and its 200 day moving average is $233.27. Axon Enterprise, Inc. has a 52 week low of $175.37 and a 52 week high of $325.63.

Insider Buying and Selling at Axon Enterprise

In other Axon Enterprise news, insider Jeffrey C. Kunins sold 1,796 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $253.46, for a total transaction of $455,214.16. Following the completion of the sale, the insider now owns 228,805 shares of the company’s stock, valued at approximately $57,992,915.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, President Joshua Isner sold 35,400 shares of the firm’s stock in a transaction dated 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 completion of the sale, the president now directly owns 309,564 shares of the company’s stock, valued at approximately $77,911,067.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey C. Kunins sold 1,796 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $253.46, for a total transaction of $455,214.16. Following the completion of the sale, the insider now directly owns 228,805 shares of the company’s stock, valued at $57,992,915.30. The disclosure for this sale can be found here. Insiders sold 39,152 shares of company stock valued at $9,860,454 in the last quarter. Company insiders own 6.10% of the company’s stock.

Institutional Investors Weigh In On Axon Enterprise

Institutional investors and hedge funds have recently modified their holdings of the stock. BKM Wealth Management LLC purchased a new stake in shares of Axon Enterprise in the 4th quarter worth about $32,000. Hollencrest Capital Management purchased a new stake in shares of Axon Enterprise in the 1st quarter worth about $29,000. ICA Group Wealth Management LLC purchased a new position in Axon Enterprise during the 4th quarter valued at about $25,000. Jones Financial Companies Lllp purchased a new position in Axon Enterprise during the 2nd quarter valued at about $30,000. Finally, Key Financial Inc lifted its position in Axon Enterprise by 367.6% during the 4th 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 period. 76.52% of the stock is owned by hedge funds and other institutional investors.

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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