Czech National Bank Buys 1,082 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Czech National Bank raised its stake in Axon Enterprise, Inc. (NASDAQ:AXONFree Report) by 7.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 15,707 shares of the biotechnology company’s stock after purchasing an additional 1,082 shares during the quarter. Czech National Bank’s holdings in Axon Enterprise were worth $9,335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Groupama Asset Managment purchased a new position in Axon Enterprise in the third quarter worth $200,000. Massachusetts Financial Services Co. MA bought a new position in shares of Axon Enterprise during the 3rd quarter valued at about $120,553,000. International Assets Investment Management LLC purchased a new position in shares of Axon Enterprise during the 3rd quarter valued at about $871,860,000. Westfield Capital Management Co. LP lifted its position in Axon Enterprise by 12.2% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,175,328 shares of the biotechnology company’s stock worth $469,661,000 after buying an additional 127,769 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in Axon Enterprise by 44.0% in the second quarter. 1832 Asset Management L.P. now owns 375,700 shares of the biotechnology company’s stock worth $110,546,000 after buying an additional 114,800 shares in the last quarter. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JMP Securities lifted their price target on shares of Axon Enterprise from $430.00 to $500.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Morgan Stanley raised shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $500.00 to $700.00 in a research note on Tuesday, December 3rd. The Goldman Sachs Group raised their price objective on Axon Enterprise from $385.00 to $441.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Northland Securities lifted their price objective on Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, TD Cowen began coverage on Axon Enterprise in a report on Wednesday, January 8th. They set a “buy” rating and a $700.00 target price for the company. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $504.92.

Check Out Our Latest Research Report on AXON

Insider Buying and Selling at Axon Enterprise

In other Axon Enterprise news, Director Julie A. Cullivan sold 1,261 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $682.06, for a total transaction of $860,077.66. Following the completion of the transaction, the director now owns 2,392 shares of the company’s stock, valued at approximately $1,631,487.52. This trade represents a 34.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey C. Kunins sold 21,834 shares of Axon Enterprise stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $593.88, for a total transaction of $12,966,775.92. Following the transaction, the insider now owns 154,394 shares of the company’s stock, valued at $91,691,508.72. The trade was a 12.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,545 shares of company stock valued at $30,721,337. 6.10% of the stock is currently owned by corporate insiders.

Axon Enterprise Price Performance

Shares of NASDAQ AXON opened at $579.80 on Wednesday. Axon Enterprise, Inc. has a 1 year low of $246.99 and a 1 year high of $698.67. The stock has a market capitalization of $44.21 billion, a P/E ratio of 149.82, a P/E/G ratio of 14.19 and a beta of 1.04. The company’s 50-day moving average is $610.03 and its 200 day moving average is $452.93. 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 Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Axon Enterprise (NASDAQ:AXON)

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