SevenBridge Financial Group LLC Has $413,000 Stock Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

SevenBridge Financial Group LLC increased its stake in Axon Enterprise, Inc. (NASDAQ:AXON) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 695 shares of the biotechnology company’s stock after acquiring an additional 26 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Axon Enterprise were worth $413,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AXON. Alliancebernstein L.P. raised 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 stake in Axon Enterprise during the fourth quarter worth approximately $482,081,000. GQG Partners LLC bought a new stake in Axon Enterprise in the fourth quarter worth approximately $478,349,000. Groupama Asset Managment acquired a new position in Axon Enterprise in the third quarter valued at approximately $200,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Axon Enterprise by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 8,446,437 shares of the biotechnology company’s stock worth $5,019,886,000 after buying an additional 275,959 shares in the last quarter. 79.08% of the stock is currently owned by institutional investors.

Insider Transactions at Axon Enterprise

In related news, Director Jeri Williams sold 307 shares of Axon Enterprise stock in a transaction on Monday, March 17th. The stock was sold at an average price of $552.72, for a total transaction of $169,685.04. Following the sale, the director now directly owns 1,627 shares in the company, valued at approximately $899,275.44. This trade represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.10% of the company’s stock.

Analyst Ratings Changes

AXON has been the subject of several research analyst reports. Barclays reiterated a “hold” rating on shares of Axon Enterprise in a research note on Monday, March 10th. The Goldman Sachs Group upped their price objective on shares of Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a report on Monday, January 27th. Northcoast Research downgraded Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. Robert W. Baird upped their price target on Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, TD Cowen assumed coverage on Axon Enterprise in a research note on Wednesday, January 8th. They issued a “buy” rating and a $700.00 price objective for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Axon Enterprise presently has an average rating of “Moderate Buy” and an average target price of $604.67.

Axon Enterprise Trading Up 3.2 %

Shares of AXON stock opened at $558.42 on Thursday. 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 company has a market capitalization of $42.79 billion, a price-to-earnings ratio of 144.29, a PEG ratio of 5.17 and a beta of 1.13. Axon Enterprise, Inc. has a 52-week low of $273.52 and a 52-week high of $715.99. The company has a 50-day simple moving average of $585.99 and a two-hundred day simple moving average of $552.79.

Axon Enterprise Company 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.