Thoroughbred Financial Services LLC Reduces Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Thoroughbred Financial Services LLC lowered its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 38.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 695 shares of the biotechnology company’s stock after selling 438 shares during the period. Thoroughbred Financial Services LLC’s holdings in Axon Enterprise were worth $413,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new position in shares of Axon Enterprise in the 4th quarter valued at approximately $40,000. Y.D. More Investments Ltd bought a new stake in shares of Axon Enterprise in the fourth quarter worth $45,000. Prestige Wealth Management Group LLC raised its holdings 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 in the last quarter. Stonebridge Financial Group LLC bought a new position in Axon Enterprise during the 4th quarter valued at $53,000. Finally, GPS Wealth Strategies Group LLC grew its holdings in Axon Enterprise by 74.1% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company’s stock worth $56,000 after acquiring an additional 40 shares in the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

Axon Enterprise Stock Down 7.9 %

AXON stock opened at $497.13 on Monday. The stock has a market cap of $38.09 billion, a PE ratio of 128.46, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13. The firm’s 50-day simple moving average is $582.26 and its 200 day simple moving average is $555.87. Axon Enterprise, Inc. has a fifty-two week low of $273.52 and a fifty-two week high of $715.99. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32.

Wall Street Analyst Weigh In

AXON has been the topic of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $600.00 target price on shares of Axon Enterprise in a research note on Wednesday, February 26th. JMP Securities reissued an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. TD Cowen assumed coverage on Axon Enterprise in a report on Wednesday, January 8th. They set a “buy” rating and a $700.00 target price on the stock. Barclays reiterated a “hold” rating on shares of Axon Enterprise in a report on Monday, March 10th. Finally, Northcoast Research lowered Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $604.67.

Insiders Place Their Bets

In other news, Director Jeri Williams sold 307 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $552.72, for a total transaction of $169,685.04. Following the completion of the transaction, the director now directly owns 1,627 shares in the company, valued at approximately $899,275.44. The trade was a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.10% of the stock is owned by 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.