Axon Enterprise, Inc. (NASDAQ:AXON) Shares Bought by Magnus Financial Group LLC

Magnus Financial Group LLC lifted its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,584 shares of the biotechnology company’s stock after purchasing an additional 304 shares during the period. Magnus Financial Group LLC’s holdings in Axon Enterprise were worth $1,536,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in AXON. Dakota Wealth Management raised its stake in Axon Enterprise by 38.2% in the 4th quarter. Dakota Wealth Management now owns 4,634 shares of the biotechnology company’s stock valued at $2,754,000 after purchasing an additional 1,282 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Axon Enterprise by 98.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,521 shares of the biotechnology company’s stock valued at $4,470,000 after buying an additional 3,737 shares during the period. Atomi Financial Group Inc. grew its position in Axon Enterprise by 42.3% in the fourth quarter. Atomi Financial Group Inc. now owns 2,692 shares of the biotechnology company’s stock worth $1,600,000 after acquiring an additional 800 shares during the period. Alpha Cubed Investments LLC purchased a new position in shares of Axon Enterprise during the 4th quarter worth $210,000. Finally, Segment Wealth Management LLC purchased a new position in Axon Enterprise during the fourth quarter worth about $2,197,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AXON shares. JMP Securities boosted their price objective on Axon Enterprise from $430.00 to $500.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Needham & Company LLC increased their price objective on shares of Axon Enterprise from $525.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Robert W. Baird upped their price objective on Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. TD Cowen initiated coverage on shares of Axon Enterprise in a report on Wednesday, January 8th. They set a “buy” rating and a $700.00 price objective on the stock. 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 analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $504.92.

Insider Activity

In other news, Director Michael Garnreiter sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $639.69, for a total value of $639,690.00. Following the completion of the transaction, the director now owns 24,259 shares of the company’s stock, valued at $15,518,239.71. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Joshua Isner sold 20,000 shares of Axon Enterprise stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $606.15, for a total transaction of $12,123,000.00. Following the completion of the sale, the president now directly owns 208,166 shares of the company’s stock, valued at $126,179,820.90. The trade was a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,545 shares of company stock worth $30,721,337 over the last ninety days. 5.70% of the stock is currently owned by insiders.

Axon Enterprise Trading Up 2.0 %

NASDAQ:AXON opened at $605.58 on Wednesday. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $46.18 billion, a PE ratio of 156.48, a price-to-earnings-growth ratio of 5.95 and a beta of 1.04. The stock has a fifty day simple moving average of $617.13 and a 200-day simple moving average of $465.40. Axon Enterprise, Inc. has a 52-week low of $247.04 and a 52-week high of $698.67.

Axon Enterprise Profile

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.