Axon Enterprise, Inc. (NASDAQ:AXON) Stock Position Raised by BNC Wealth Management LLC

BNC Wealth Management LLC lifted its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 4.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,849 shares of the biotechnology company’s stock after buying an additional 470 shares during the quarter. Axon Enterprise accounts for approximately 2.1% of BNC Wealth Management LLC’s portfolio, making the stock its 10th biggest position. BNC Wealth Management LLC’s holdings in Axon Enterprise were worth $6,448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Smith Salley Wealth Management purchased a new stake in shares of Axon Enterprise in the 4th quarter valued at $403,000. HB Wealth Management LLC increased its holdings in Axon Enterprise by 5.0% during the 4th quarter. HB Wealth Management LLC now owns 1,441 shares of the biotechnology company’s stock worth $856,000 after purchasing an additional 68 shares during the period. Premier Path Wealth Partners LLC purchased a new stake in Axon Enterprise during the 4th quarter worth about $222,000. Arthur M. Cohen & Associates LLC acquired a new position in shares of Axon Enterprise during the 4th quarter worth about $983,000. Finally, Brooklyn Investment Group boosted its position in shares of Axon Enterprise by 255.3% during the 4th quarter. Brooklyn Investment Group now owns 366 shares of the biotechnology company’s stock worth $218,000 after acquiring an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jeffrey C. Kunins sold 21,834 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $593.88, for a total transaction of $12,966,775.92. Following the completion of the transaction, the insider now directly owns 154,394 shares of the company’s stock, valued at approximately $91,691,508.72. This represents a 12.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Joshua Isner sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $606.15, for a total value of $12,123,000.00. Following the transaction, the president now directly owns 208,166 shares of the company’s stock, valued at approximately $126,179,820.90. This trade represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,545 shares of company stock valued at $30,721,337. 5.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on AXON shares. TD Cowen started coverage on Axon Enterprise in a research report on Wednesday, January 8th. They set a “buy” rating and a $700.00 price objective for the company. Robert W. Baird upped their price objective on Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Northland Securities upped their price objective on Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. JMP Securities upped their price objective on Axon Enterprise from $430.00 to $500.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group upped their price objective on Axon Enterprise from $385.00 to $441.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $504.92.

Axon Enterprise Stock Up 1.4 %

Axon Enterprise stock opened at $593.89 on Friday. Axon Enterprise, Inc. has a twelve month low of $247.04 and a twelve month high of $698.67. The stock has a 50 day moving average of $617.37 and a two-hundred day moving average of $459.99. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $45.28 billion, a price-to-earnings ratio of 153.46, a PEG ratio of 5.71 and a beta of 1.04.

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.