Empirical Finance LLC Buys 93 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Empirical Finance LLC increased its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,038 shares of the biotechnology company’s stock after purchasing an additional 93 shares during the quarter. Empirical Finance LLC’s holdings in Axon Enterprise were worth $415,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AXON. Foundations Investment Advisors LLC bought a new position in shares of Axon Enterprise during the 3rd quarter worth $221,000. Sequoia Financial Advisors LLC increased its position in Axon Enterprise by 4.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,727 shares of the biotechnology company’s stock valued at $690,000 after purchasing an additional 81 shares during the period. Axxcess Wealth Management LLC bought a new stake in shares of Axon Enterprise in the 3rd quarter valued at about $814,000. Jag Capital Management LLC lifted its position in shares of Axon Enterprise by 9.7% in the 3rd quarter. Jag Capital Management LLC now owns 56,086 shares of the biotechnology company’s stock worth $22,412,000 after purchasing an additional 4,954 shares during the period. Finally, Versor Investments LP bought a new position in shares of Axon Enterprise during the third quarter valued at approximately $651,000. 79.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on AXON shares. Needham & Company LLC upped their target price on Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Craig Hallum raised their price objective on Axon Enterprise from $370.00 to $376.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Robert W. Baird boosted their target price on shares of Axon Enterprise from $440.00 to $460.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. The Goldman Sachs Group raised their price target on shares of Axon Enterprise from $385.00 to $441.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Northland Securities boosted their price objective on shares of Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $427.83.

Axon Enterprise Trading Down 0.9 %

NASDAQ AXON opened at $599.35 on Monday. Axon Enterprise, Inc. has a 12-month low of $220.78 and a 12-month high of $624.84. The company has a fifty day simple moving average of $438.79 and a two-hundred day simple moving average of $357.90. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. The stock has a market cap of $45.70 billion, a P/E ratio of 154.87, a P/E/G ratio of 15.05 and a beta of 0.94.

Insider Activity at Axon Enterprise

In related news, President Joshua Isner sold 20,000 shares of the stock in a transaction that occurred 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 transaction, the president now owns 208,166 shares in the company, valued at approximately $126,179,820.90. This represents a 8.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brittany Bagley sold 4,338 shares of Axon Enterprise stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $378.95, for a total transaction of $1,643,885.10. Following the sale, the chief financial officer now owns 98,825 shares of the company’s stock, valued at approximately $37,449,733.75. The trade was a 4.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 411,006 shares of company stock valued at $161,360,618 in the last ninety days. Company insiders own 6.10% of the company’s stock.

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.