Axon Enterprise, Inc. (NASDAQ:AXON) Shares Sold by Smith Moore & CO.

Smith Moore & CO. trimmed its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 41.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 377 shares of the biotechnology company’s stock after selling 267 shares during the quarter. Smith Moore & CO.’s holdings in Axon Enterprise were worth $224,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AXON. Vanguard Group Inc. lifted its position in shares of Axon Enterprise by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 8,446,437 shares of the biotechnology company’s stock worth $5,019,886,000 after purchasing an additional 275,959 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Axon Enterprise by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 1,847,925 shares of the biotechnology company’s stock worth $1,095,542,000 after buying an additional 65,097 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Axon Enterprise by 273.8% in the 4th quarter. Alliancebernstein L.P. now owns 1,109,045 shares of the biotechnology company’s stock worth $659,128,000 after acquiring an additional 812,337 shares in the last quarter. Norges Bank acquired a new position in shares of Axon Enterprise in the 4th quarter worth approximately $482,081,000. Finally, GQG Partners LLC bought a new stake in shares of Axon Enterprise in the 4th quarter valued at approximately $478,349,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Axon Enterprise Price Performance

Shares of AXON opened at $497.13 on Monday. Axon Enterprise, Inc. has a one year low of $273.52 and a one year high of $715.99. The stock’s fifty day moving average is $582.26 and its 200-day moving average is $555.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. The firm has a market capitalization of $38.09 billion, a price-to-earnings ratio of 128.46, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13.

Wall Street Analysts Forecast Growth

AXON has been the subject of a number of research reports. TD Cowen started coverage on shares of Axon Enterprise in a report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $600.00 price objective on shares of Axon Enterprise in a research report on Wednesday, February 26th. The Goldman Sachs Group raised their target price on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, January 27th. JMP Securities restated an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. Finally, Barclays reiterated a “hold” rating on shares of Axon Enterprise in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $604.67.

Insider Buying and Selling at Axon Enterprise

In other news, Director Jeri Williams sold 307 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $552.72, for a total value of $169,685.04. Following the completion of the transaction, the director now directly owns 1,627 shares in the company, valued at $899,275.44. This trade represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.10% of the stock is owned by corporate insiders.

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.