Ethic Inc. Has $3.52 Million Position in Axon Enterprise, Inc $AXON

Ethic Inc. boosted its holdings in shares of Axon Enterprise, Inc (NASDAQ:AXON) by 27.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,190 shares of the biotechnology company’s stock after buying an additional 1,352 shares during the period. Ethic Inc.’s holdings in Axon Enterprise were worth $3,515,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new position in Axon Enterprise in the third quarter worth about $29,000. New Millennium Group LLC acquired a new position in Axon Enterprise in the third quarter worth about $29,000. Sound Income Strategies LLC raised its position in Axon Enterprise by 550.0% in the fourth quarter. Sound Income Strategies LLC now owns 52 shares of the biotechnology company’s stock worth $30,000 after purchasing an additional 44 shares in the last quarter. Camelot Portfolios LLC acquired a new position in Axon Enterprise in the fourth quarter worth about $30,000. Finally, Root Financial Partners LLC acquired a new position in Axon Enterprise in the third quarter worth about $34,000. Institutional investors and hedge funds own 79.08% of the company’s stock.

Axon Enterprise Price Performance

Shares of AXON stock opened at $394.36 on Tuesday. Axon Enterprise, Inc has a 1 year low of $339.01 and a 1 year high of $885.91. The firm’s 50 day moving average is $446.48 and its 200-day moving average is $523.35. The firm has a market capitalization of $31.79 billion, a price-to-earnings ratio of 158.38, a PEG ratio of 9.49 and a beta of 1.44. The company has a current ratio of 2.27, a quick ratio of 1.93 and a debt-to-equity ratio of 0.49.

Axon Enterprise (NASDAQ:AXON) last announced its earnings results on Wednesday, May 6th. The biotechnology company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.01. The company had revenue of $807.35 million for the quarter, compared to analyst estimates of $778.91 million. Axon Enterprise had a net margin of 6.90% and a return on equity of 3.78%. Axon Enterprise’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.47 earnings per share. Sell-side analysts forecast that Axon Enterprise, Inc will post 1.41 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Jennifer H. Mak sold 1,500 shares of Axon Enterprise stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $573.45, for a total value of $860,175.00. Following the completion of the sale, the chief accounting officer directly owned 12,240 shares of the company’s stock, valued at approximately $7,019,028. This trade represents a 10.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Isaiah Fields sold 2,000 shares of Axon Enterprise stock in a transaction on Friday, February 27th. The shares were sold at an average price of $535.01, for a total value of $1,070,020.00. Following the completion of the sale, the insider directly owned 55,588 shares of the company’s stock, valued at $29,740,135.88. This trade represents a 3.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 13,855 shares of company stock worth $7,109,828. 5.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on AXON. Royal Bank Of Canada decreased their price target on Axon Enterprise from $860.00 to $735.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. William Blair reaffirmed an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 3rd. UBS Group decreased their price target on Axon Enterprise from $570.00 to $440.00 and set a “neutral” rating on the stock in a research note on Thursday. Citigroup reaffirmed a “buy” rating on shares of Axon Enterprise in a research note on Wednesday, February 25th. Finally, Weiss Ratings upgraded shares of Axon Enterprise from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Sixteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Axon Enterprise presently has a consensus rating of “Moderate Buy” and an average price target of $712.75.

About Axon Enterprise

Axon Enterprise, Inc develops technology and weapons systems for public safety and law enforcement agencies, combining hardware, software and cloud services. The company’s hardware portfolio includes conducted energy weapons (commonly known as TASER devices), body-worn cameras and in-car camera systems. Axon pairs these devices with a suite of connected products and accessories designed to capture, store and manage field evidence.

Beyond hardware, Axon operates a subscription-based software platform for digital evidence management, evidence review and records management.