WCM Investment Management LLC Lowers Position in Axon Enterprise, Inc. (NASDAQ:AXON)

WCM Investment Management LLC decreased its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 59.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,422 shares of the biotechnology company’s stock after selling 3,589 shares during the period. WCM Investment Management LLC’s holdings in Axon Enterprise were worth $1,464,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Prestige Wealth Management Group LLC boosted its holdings in shares of Axon Enterprise by 115.8% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after buying an additional 44 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new stake in Axon Enterprise in the fourth quarter valued at approximately $40,000. Brooklyn Investment Group purchased a new position in Axon Enterprise in the third quarter worth $41,000. Y.D. More Investments Ltd acquired a new position in shares of Axon Enterprise during the fourth quarter worth $45,000. Finally, Planning Capital Management Corp lifted its holdings in shares of Axon Enterprise by 83.3% during the 3rd quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock valued at $48,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 79.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on AXON shares. Robert W. Baird upped their target price on Axon Enterprise from $600.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Morgan Stanley raised shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $500.00 to $700.00 in a research report on Tuesday, December 3rd. The Goldman Sachs Group boosted their target price on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. JMP Securities lifted their price objective on shares of Axon Enterprise from $610.00 to $725.00 and gave the stock a “market outperform” rating in a research note on Tuesday, February 4th. Finally, TD Cowen initiated coverage on Axon Enterprise in a research report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 target price on the stock. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Axon Enterprise presently has a consensus rating of “Moderate Buy” and an average price target of $542.15.

Insider Activity at Axon Enterprise

In related news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total value of $271,831.50. Following the completion of the sale, the director now owns 6,929 shares of the company’s stock, valued at approximately $4,185,601.03. The trade was a 6.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Garnreiter sold 1,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $639.69, for a total transaction of $639,690.00. Following the transaction, the director now directly owns 24,259 shares in the company, valued at approximately $15,518,239.71. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,711 shares of company stock worth $5,631,561. 6.10% of the stock is owned by company insiders.

Axon Enterprise Price Performance

Shares of NASDAQ AXON opened at $677.85 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. The firm’s 50 day simple moving average is $624.26 and its 200-day simple moving average is $498.90. Axon Enterprise, Inc. has a 12 month low of $255.68 and a 12 month high of $698.67. The stock has a market capitalization of $51.69 billion, a price-to-earnings ratio of 175.16, a PEG ratio of 6.79 and a beta of 1.05.

Axon Enterprise Company 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.