Copperwynd Financial LLC Sells 30 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Copperwynd Financial LLC lowered its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 4.9% during the 4th quarter, Holdings Channel reports. The fund owned 578 shares of the biotechnology company’s stock after selling 30 shares during the period. Copperwynd Financial LLC’s holdings in Axon Enterprise were worth $344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AXON. Prestige Wealth Management Group LLC boosted its holdings 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 bought a new position in shares of Axon Enterprise in the fourth quarter valued at approximately $40,000. Brooklyn Investment Group bought a new position in shares of Axon Enterprise in the third quarter valued at approximately $41,000. Y.D. More Investments Ltd bought a new position in shares of Axon Enterprise in the fourth quarter valued at approximately $45,000. Finally, Planning Capital Management Corp lifted its holdings in shares of Axon Enterprise by 83.3% in the third 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. Institutional investors own 79.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Craig Hallum lowered Axon Enterprise from a “buy” rating to a “cautious” rating in a report on Monday. Northcoast Research downgraded Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $600.00 price target on shares of Axon Enterprise in a research report on Wednesday, February 26th. Barclays reaffirmed a “hold” rating on shares of Axon Enterprise in a research report on Monday. Finally, The Goldman Sachs Group increased their price target on Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, January 27th. One equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $604.67.

Insider Activity

In other news, Director Michael Garnreiter sold 1,000 shares of Axon Enterprise stock in a transaction on Monday, December 16th. The stock was sold at an average price of $639.69, for a total value of $639,690.00. Following the completion of the transaction, the director now directly owns 24,259 shares in the company, valued at approximately $15,518,239.71. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of Axon Enterprise stock in a transaction 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 approximately $4,185,601.03. This trade represents a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,146 shares of company stock worth $3,262,847. 6.10% of the stock is owned by corporate insiders.

Axon Enterprise Stock Performance

NASDAQ:AXON opened at $556.26 on Friday. The company has a market capitalization of $42.62 billion, a P/E ratio of 143.74, a P/E/G ratio of 5.17 and a beta of 1.12. Axon Enterprise, Inc. has a 1 year low of $273.52 and a 1 year high of $715.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. The business has a fifty day simple moving average of $594.32 and a two-hundred day simple moving average of $532.91.

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.