Rakuten Securities Inc. Raises Stock Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Rakuten Securities Inc. lifted its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 1,332.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 401 shares of the biotechnology company’s stock after buying an additional 373 shares during the period. Rakuten Securities Inc.’s holdings in Axon Enterprise were worth $238,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AXON. Prestige Wealth Management Group LLC raised its position 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 worth $33,000 after acquiring an additional 44 shares in the last quarter. New Wave Wealth Advisors LLC bought a new stake in Axon Enterprise during the fourth quarter worth about $40,000. Brooklyn Investment Group purchased a new stake in Axon Enterprise in the third quarter worth about $41,000. Y.D. More Investments Ltd bought a new stake in Axon Enterprise in the fourth quarter worth $45,000. Finally, Planning Capital Management Corp increased its stake in 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 in the last quarter. 79.08% of the stock is owned by institutional investors.

Axon Enterprise Stock Performance

Shares of Axon Enterprise stock opened at $526.64 on Wednesday. Axon Enterprise, Inc. has a 52 week low of $273.52 and a 52 week high of $715.99. The company has a market capitalization of $40.35 billion, a PE ratio of 136.08, a price-to-earnings-growth ratio of 5.17 and a beta of 1.12. The stock’s fifty day moving average is $596.28 and its two-hundred day moving average is $532.72. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AXON shares. TD Cowen initiated coverage on Axon Enterprise in a report on Wednesday, January 8th. They set a “buy” rating and a $700.00 price target on the stock. JMP Securities reaffirmed an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Craig Hallum downgraded shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a report on Monday. Morgan Stanley upgraded Axon Enterprise from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $500.00 to $700.00 in a research report on Tuesday, December 3rd. Finally, Northcoast Research cut shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $587.38.

Insider Transactions at Axon Enterprise

In related news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 6,929 shares of the company’s stock, valued at $4,185,601.03. The trade was a 6.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey C. Kunins sold 1,035 shares of Axon Enterprise 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 transaction, the insider now directly owns 124,243 shares in the company, valued at approximately $77,586,026.21. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,146 shares of company stock worth $3,262,847. 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.