Axon Enterprise, Inc. (NASDAQ:AXON) Shares Sold by Sugarloaf Wealth Management LLC

Sugarloaf Wealth Management LLC trimmed its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 7.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 511 shares of the biotechnology company’s stock after selling 42 shares during the period. Sugarloaf Wealth Management LLC’s holdings in Axon Enterprise were worth $304,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AXON. Public Sector Pension Investment Board boosted its holdings in Axon Enterprise by 19.2% in the third quarter. Public Sector Pension Investment Board now owns 3,104 shares of the biotechnology company’s stock valued at $1,240,000 after purchasing an additional 500 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Axon Enterprise by 9.2% in the 3rd quarter. CIBC Asset Management Inc now owns 10,578 shares of the biotechnology company’s stock valued at $4,227,000 after buying an additional 895 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of Axon Enterprise in the 3rd quarter valued at $221,000. Sequoia Financial Advisors LLC grew its position in shares of Axon Enterprise by 4.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,727 shares of the biotechnology company’s stock valued at $690,000 after buying an additional 81 shares during the last quarter. Finally, Axxcess Wealth Management LLC purchased a new stake in Axon Enterprise in the third quarter valued at $814,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Axon Enterprise Price Performance

Shares of AXON traded down $7.01 during mid-day trading on Friday, hitting $570.33. The company’s stock had a trading volume of 225,608 shares, compared to its average volume of 718,193. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a 1-year low of $246.99 and a 1-year high of $698.67. The firm has a market capitalization of $43.49 billion, a P/E ratio of 147.37, a P/E/G ratio of 14.19 and a beta of 1.04. The firm has a 50-day simple moving average of $604.40 and a 200 day simple moving average of $446.90.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. TD Cowen started coverage on Axon Enterprise in a report on Wednesday. They set a “buy” rating and a $700.00 price objective on the stock. Needham & Company LLC lifted their price target on Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Robert W. Baird boosted their price objective on Axon Enterprise from $600.00 to $800.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Morgan Stanley upgraded shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $500.00 to $700.00 in a research report on Tuesday, December 3rd. Finally, Northland Securities upped their price target on shares of Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $504.92.

Insiders Place Their Bets

In other Axon Enterprise news, Director Michael Garnreiter sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $437.98, for a total transaction of $437,980.00. Following the sale, the director now directly owns 26,259 shares in the company, valued at approximately $11,500,916.82. The trade was a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Joshua Isner sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $606.15, for a total value of $12,123,000.00. Following the completion of the transaction, the president now owns 208,166 shares of the company’s stock, valued at approximately $126,179,820.90. This represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,545 shares of company stock worth $31,159,317. 6.10% of the stock is owned by corporate insiders.

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.