Hsbc Holdings PLC Sells 4,969 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Hsbc Holdings PLC trimmed its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 177,753 shares of the biotechnology company’s stock after selling 4,969 shares during the quarter. Hsbc Holdings PLC owned 0.23% of Axon Enterprise worth $105,772,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Soros Capital Management LLC boosted its holdings in Axon Enterprise by 510.3% in the 4th quarter. Soros Capital Management LLC now owns 9,619 shares of the biotechnology company’s stock valued at $5,717,000 after purchasing an additional 8,043 shares during the period. OneDigital Investment Advisors LLC raised its position in shares of Axon Enterprise by 22.3% during the fourth quarter. OneDigital Investment Advisors LLC now owns 2,510 shares of the biotechnology company’s stock valued at $1,492,000 after buying an additional 457 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Axon Enterprise by 70.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,396 shares of the biotechnology company’s stock valued at $3,207,000 after buying an additional 2,226 shares during the period. Thematics Asset Management acquired a new stake in Axon Enterprise during the fourth quarter worth about $9,648,000. Finally, Tradition Wealth Management LLC bought a new position in Axon Enterprise during the fourth quarter valued at about $240,000. Institutional investors and hedge funds own 79.08% of the company’s stock.

Insider Buying and Selling

In other Axon Enterprise news, CEO Patrick W. Smith sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $540.99, for a total value of $5,409,900.00. Following the transaction, the chief executive officer now directly owns 3,063,982 shares of the company’s stock, valued at approximately $1,657,583,622.18. This trade represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 of the company’s stock, valued at $899,275.44. This represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Axon Enterprise Trading Up 3.8 %

AXON stock opened at $576.90 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. Axon Enterprise, Inc. has a twelve month low of $273.52 and a twelve month high of $715.99. The company has a market cap of $44.91 billion, a P/E ratio of 149.07, a PEG ratio of 5.17 and a beta of 1.13. The business has a fifty day moving average of $549.49 and a 200-day moving average of $568.33.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AXON shares. Barclays reiterated a “hold” rating on shares of Axon Enterprise in a research report on Monday, March 10th. TD Cowen began coverage on shares of Axon Enterprise in a research note on Wednesday, January 8th. They set a “buy” rating and a $700.00 price target on the stock. Craig Hallum lowered shares of Axon Enterprise from a “buy” rating to a “cautious” rating in a report on Monday, March 10th. Northcoast Research lowered shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group raised their price target on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $626.45.

About Axon Enterprise

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.