Pitcairn Co. Invests $411,000 in Axon Enterprise, Inc. (NASDAQ:AXON)

Pitcairn Co. acquired a new stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 692 shares of the biotechnology company’s stock, valued at approximately $411,000.

Several other large investors have also recently added to or reduced their stakes in AXON. Prestige Wealth Management Group LLC grew its holdings in shares of Axon Enterprise by 115.8% during the 3rd 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. New Wave Wealth Advisors LLC acquired a new stake in Axon Enterprise during the fourth quarter valued at $40,000. Y.D. More Investments Ltd purchased a new position in Axon Enterprise in the fourth quarter valued at about $45,000. Stonebridge Financial Group LLC acquired a new position in Axon Enterprise in the 4th quarter worth about $53,000. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of 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 purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

Insider Activity

In other news, Director Jeri Williams sold 307 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were 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 owns 1,627 shares of the company’s stock, valued at approximately $899,275.44. This represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.10% of the stock is owned by company insiders.

Axon Enterprise Price Performance

Shares of NASDAQ:AXON opened at $497.13 on Friday. The company has a market cap of $38.09 billion, a price-to-earnings ratio of 128.46, a PEG ratio of 5.17 and a beta of 1.13. The business has a 50 day moving average price of $582.26 and a 200 day moving average price of $554.66. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. Axon Enterprise, Inc. has a twelve month low of $273.52 and a twelve month high of $715.99.

Analyst Ratings Changes

AXON has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $600.00 price target on shares of Axon Enterprise in a research note on Wednesday, February 26th. Barclays reissued a “hold” rating on shares of Axon Enterprise in a research report on Monday, March 10th. Craig Hallum downgraded shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a report on Monday, March 10th. JMP Securities reiterated an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Finally, TD Cowen started 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $604.67.

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.