Thrivent Financial for Lutherans Trims Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Thrivent Financial for Lutherans reduced its stake in Axon Enterprise, Inc. (NASDAQ:AXON) by 10.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 226,329 shares of the biotechnology company’s stock after selling 27,754 shares during the period. Thrivent Financial for Lutherans’ holdings in Axon Enterprise were worth $134,556,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Prestige Wealth Management Group LLC grew its holdings in shares of 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 purchasing an additional 44 shares during the period. New Wave Wealth Advisors LLC purchased a new stake in shares of Axon Enterprise in the 4th quarter valued at approximately $40,000. Brooklyn Investment Group acquired a new stake in shares of Axon Enterprise during the 3rd quarter worth approximately $41,000. Y.D. More Investments Ltd purchased a new stake in shares of Axon Enterprise during the 4th quarter valued at approximately $45,000. Finally, Stonebridge Financial Group LLC acquired a new position in Axon Enterprise in the fourth quarter valued at approximately $53,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AXON. Barclays reissued a “hold” rating on shares of Axon Enterprise in a research note on Monday, March 10th. TD Cowen began coverage on shares of Axon Enterprise in a report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $600.00 target price on shares of Axon Enterprise in a research note on Wednesday, February 26th. Morgan Stanley raised shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $500.00 to $700.00 in a research note on Tuesday, December 3rd. Finally, Craig Hallum cut shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $604.67.

Insider Transactions at Axon Enterprise

In related news, insider Jeffrey C. Kunins sold 1,035 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $624.47, for a total transaction of $646,326.45. Following the completion of the sale, the insider now owns 124,243 shares in the company, valued at $77,586,026.21. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total transaction of $271,831.50. Following the completion of the transaction, the director now owns 6,929 shares in the company, valued at $4,185,601.03. This represents a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Axon Enterprise Trading Down 0.3 %

AXON opened at $554.82 on Tuesday. The business has a fifty day moving average price of $593.10 and a 200 day moving average price of $538.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. Axon Enterprise, Inc. has a 12 month low of $273.52 and a 12 month high of $715.99. The stock has a market capitalization of $42.51 billion, a price-to-earnings ratio of 143.36, a PEG ratio of 5.17 and a beta of 1.12.

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.