SVB Wealth LLC Makes New Investment in Axon Enterprise, Inc. (NASDAQ:AXON)

SVB Wealth LLC acquired a new position in Axon Enterprise, Inc. (NASDAQ:AXON) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 430 shares of the biotechnology company’s stock, valued at approximately $256,000.

Several other large investors have also recently bought and sold shares of AXON. Prestige Wealth Management Group LLC raised its position in Axon Enterprise by 115.8% in the third 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 purchased a new position in Axon Enterprise in the fourth quarter worth $40,000. Brooklyn Investment Group purchased a new position in Axon Enterprise in the third quarter worth $41,000. Y.D. More Investments Ltd purchased a new position in Axon Enterprise in the fourth quarter worth $45,000. Finally, Planning Capital Management Corp raised its position in Axon Enterprise by 83.3% in the third quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock worth $48,000 after acquiring an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Insider Buying and Selling

In related news, President Joshua Isner sold 1,291 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $642.43, for a total transaction of $829,377.13. Following the transaction, the president now directly owns 181,892 shares in the company, valued at approximately $116,852,877.56. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Garnreiter sold 1,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $639.69, for a total value of $639,690.00. Following the transaction, the director now owns 24,259 shares in the company, valued at $15,518,239.71. This trade represents a 3.96 % decrease in their ownership of the stock. 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. 6.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on AXON. Morgan Stanley raised Axon Enterprise from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $500.00 to $700.00 in a report on Tuesday, December 3rd. Craig Hallum lowered Axon Enterprise from a “buy” rating to a “hold” rating and set a $625.00 target price on the stock. in a report on Thursday, February 20th. JMP Securities reissued an “outperform” rating on shares of Axon Enterprise in a report on Tuesday, February 4th. Barclays set a $726.00 target price on Axon Enterprise and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, TD Cowen began coverage on Axon Enterprise in a report on Wednesday, January 8th. They issued a “buy” rating and a $700.00 target price on the stock. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Axon Enterprise has an average rating of “Moderate Buy” and an average target price of $587.38.

Axon Enterprise Stock Up 1.3 %

AXON opened at $534.96 on Thursday. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. The firm has a market cap of $40.79 billion, a P/E ratio of 138.23, a PEG ratio of 5.17 and a beta of 1.12. Axon Enterprise, Inc. has a 52 week low of $273.52 and a 52 week high of $715.99. The business’s fifty day simple moving average is $605.52 and its 200 day simple moving average is $527.52.

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.