Jaffetilchin Investment Partners LLC Decreases Stake in Axon Enterprise, Inc. (NASDAQ:AXON)

Jaffetilchin Investment Partners LLC lessened its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,227 shares of the biotechnology company’s stock after selling 119 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Axon Enterprise were worth $3,107,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new position in Axon Enterprise in the 4th quarter worth $40,000. Y.D. More Investments Ltd acquired a new position in shares of Axon Enterprise in the fourth quarter valued at about $45,000. Stonebridge Financial Group LLC purchased a new position in shares of Axon Enterprise in the fourth quarter worth about $53,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of Axon Enterprise by 74.1% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company’s stock worth $56,000 after purchasing an additional 40 shares during the period. Finally, Versant Capital Management Inc boosted its position in Axon Enterprise by 4,750.0% in the fourth quarter. Versant Capital Management Inc now owns 97 shares of the biotechnology company’s stock valued at $58,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AXON. Craig Hallum cut shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a research note on Monday, March 10th. TD Cowen initiated coverage on Axon Enterprise in a research report on Wednesday, January 8th. They set a “buy” rating and a $700.00 price target on the stock. The Goldman Sachs Group boosted their price objective on Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a report on Monday, January 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $600.00 target price on shares of Axon Enterprise in a report on Wednesday, February 26th. Finally, JMP Securities reiterated an “outperform” rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $604.67.

Axon Enterprise Price Performance

NASDAQ:AXON opened at $551.25 on Friday. The stock has a 50 day moving average price of $568.97 and a 200 day moving average price of $559.34. The stock has a market cap of $42.24 billion, a PE ratio of 142.44, a P/E/G ratio of 5.17 and a beta of 1.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. Axon Enterprise, Inc. has a one year low of $273.52 and a one year high of $715.99.

Insider Transactions at Axon Enterprise

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of Axon Enterprise stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $552.72, for a total transaction of $169,685.04. Following the transaction, the director now directly owns 1,627 shares of the company’s stock, valued at $899,275.44. The trade was a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.10% of the company’s stock.

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.