1,695 Shares in Axon Enterprise, Inc $AXON Acquired by Barbara Oil Co.

Barbara Oil Co. purchased a new position in shares of Axon Enterprise, Inc (NASDAQ:AXON) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,695 shares of the biotechnology company’s stock, valued at approximately $963,000.

A number of other large investors also recently modified their holdings of AXON. Creative Financial Designs Inc. ADV acquired a new stake in shares of Axon Enterprise in the 4th quarter valued at $28,000. New Millennium Group LLC acquired a new position in shares of Axon Enterprise during the third quarter worth $29,000. Sound Income Strategies LLC increased its holdings in Axon Enterprise by 550.0% in the fourth quarter. Sound Income Strategies LLC now owns 52 shares of the biotechnology company’s stock valued at $30,000 after buying an additional 44 shares during the last quarter. Camelot Portfolios LLC purchased a new position in Axon Enterprise in the fourth quarter valued at $30,000. Finally, AlphaCentric Advisors LLC acquired a new stake in Axon Enterprise in the fourth quarter valued at $34,000. 79.08% of the stock is owned by hedge funds and other institutional investors.

Axon Enterprise Stock Down 1.8%

AXON opened at $435.39 on Wednesday. The business’s 50-day simple moving average is $411.40 and its 200-day simple moving average is $487.65. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.93 and a current ratio of 2.27. Axon Enterprise, Inc has a one year low of $339.01 and a one year high of $885.91. The stock has a market capitalization of $35.09 billion, a P/E ratio of 174.86, a price-to-earnings-growth ratio of 8.06 and a beta of 1.45.

Axon Enterprise (NASDAQ:AXON) last announced its earnings results on Wednesday, May 6th. The biotechnology company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.01. The firm had revenue of $807.35 million during the quarter, compared to analysts’ expectations of $778.91 million. Axon Enterprise had a return on equity of 3.78% and a net margin of 6.90%.The business’s revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.47 EPS. Analysts anticipate that Axon Enterprise, Inc will post 1.82 EPS for the current year.

Analyst Ratings Changes

AXON has been the subject of a number of recent analyst reports. Royal Bank Of Canada decreased their price target on Axon Enterprise from $860.00 to $735.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. The Goldman Sachs Group set a $535.00 target price on Axon Enterprise in a research report on Thursday, May 7th. Morgan Stanley set a $600.00 target price on Axon Enterprise in a research note on Thursday, May 7th. Needham & Company LLC lowered their price target on Axon Enterprise from $870.00 to $600.00 and set a “buy” rating for the company in a report on Friday, February 20th. Finally, Robert W. Baird set a $800.00 price target on shares of Axon Enterprise in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Axon Enterprise has a consensus rating of “Moderate Buy” and a consensus price target of $712.75.

Insiders Place Their Bets

In other news, insider Elizabeth Reid Coughlin sold 1,554 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $485.00, for a total value of $753,690.00. Following the completion of the sale, the insider directly owned 34,024 shares of the company’s stock, valued at approximately $16,501,640. This represents a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Caitlin Elizabeth Kalinowski sold 564 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $478.97, for a total transaction of $270,139.08. Following the transaction, the director owned 3,632 shares in the company, valued at approximately $1,739,619.04. This trade represents a 13.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 38,989 shares of company stock valued at $19,090,083. 4.20% of the stock is owned by insiders.

Axon Enterprise Profile

Axon Enterprise, Inc develops technology and weapons systems for public safety and law enforcement agencies, combining hardware, software and cloud services. The company’s hardware portfolio includes conducted energy weapons (commonly known as TASER devices), body-worn cameras and in-car camera systems. Axon pairs these devices with a suite of connected products and accessories designed to capture, store and manage field evidence.

Beyond hardware, Axon operates a subscription-based software platform for digital evidence management, evidence review and records management.