Synergy Financial Group LTD Purchases 246 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Synergy Financial Group LTD increased its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 32.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 993 shares of the biotechnology company’s stock after purchasing an additional 246 shares during the period. Synergy Financial Group LTD’s holdings in Axon Enterprise were worth $590,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Prestige Wealth Management Group LLC boosted its position in shares of Axon Enterprise by 115.8% in the third quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after acquiring an additional 44 shares during the period. New Wave Wealth Advisors LLC acquired a new position in shares of Axon Enterprise during the 4th quarter worth approximately $40,000. Brooklyn Investment Group bought a new position in shares of Axon Enterprise during the third quarter worth approximately $41,000. Y.D. More Investments Ltd acquired a new stake in shares of Axon Enterprise in the fourth quarter valued at approximately $45,000. Finally, Planning Capital Management Corp boosted its stake 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 buying an additional 55 shares during the period. 79.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Axon Enterprise

In related news, Director Julie A. Cullivan sold 1,261 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $682.06, for a total transaction of $860,077.66. Following the transaction, the director now directly owns 2,392 shares of the company’s stock, valued at $1,631,487.52. This trade represents a 34.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total transaction of $271,831.50. Following the completion of the sale, the director now directly owns 6,929 shares of the company’s stock, valued at $4,185,601.03. The trade was a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,711 shares of company stock valued at $5,631,561. Company insiders own 5.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on AXON shares. Northland Securities raised their price objective on Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Needham & Company LLC lifted their price target on Axon Enterprise from $525.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Morgan Stanley upgraded Axon Enterprise from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $500.00 to $700.00 in a research report on Tuesday, December 3rd. The Goldman Sachs Group boosted their target price on Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, JMP Securities restated an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $561.31.

Axon Enterprise Stock Performance

Shares of AXON opened at $499.73 on Tuesday. Axon Enterprise, Inc. has a one year low of $265.32 and a one year high of $715.99. The company has a market cap of $38.10 billion, a PE ratio of 129.13, a P/E/G ratio of 5.17 and a beta of 1.05. The stock has a 50-day moving average of $616.95 and a 200-day moving average of $520.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63.

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.