Principal Securities Inc. Buys 780 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Principal Securities Inc. increased its stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 255.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,085 shares of the biotechnology company’s stock after acquiring an additional 780 shares during the quarter. Principal Securities Inc.’s holdings in Axon Enterprise were worth $645,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new stake in Axon Enterprise in the 4th quarter valued at $40,000. Y.D. More Investments Ltd acquired a new stake in shares of Axon Enterprise in the 4th quarter valued at $45,000. Prestige Wealth Management Group LLC boosted its stake in shares of Axon Enterprise by 115.8% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock valued at $33,000 after purchasing an additional 44 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Axon Enterprise in the 4th quarter valued at $53,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of Axon Enterprise by 74.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company’s stock valued at $56,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 79.08% of the company’s stock.

Insiders Place Their Bets

In other news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total value of $271,831.50. Following the completion of the sale, the director now owns 6,929 shares of the company’s stock, valued at approximately $4,185,601.03. This represents a 6.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Joshua Isner sold 1,291 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $642.43, for a total value of $829,377.13. Following the completion of the sale, the president now directly owns 181,892 shares of the company’s stock, valued at approximately $116,852,877.56. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,711 shares of company stock valued at $5,631,561 in the last quarter. 6.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AXON has been the topic of several recent analyst reports. Northcoast Research downgraded shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Wednesday. Craig Hallum downgraded shares of Axon Enterprise from a “buy” rating to a “hold” rating and set a $625.00 price target on the stock. in a research report on Thursday. Morgan Stanley upgraded shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $500.00 to $700.00 in a research report on Tuesday, December 3rd. TD Cowen assumed coverage on shares of Axon Enterprise in a research report on Wednesday, January 8th. They set a “buy” rating and a $700.00 price target on the stock. Finally, Needham & Company LLC upped their price target on shares of Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $561.31.

Axon Enterprise Trading Down 9.0 %

NASDAQ:AXON opened at $540.00 on Friday. Axon Enterprise, Inc. has a twelve month low of $260.27 and a twelve month high of $715.99. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average price of $622.57 and a two-hundred day moving average price of $515.53. The company has a market cap of $41.18 billion, a P/E ratio of 139.54, a price-to-earnings-growth ratio of 7.12 and a beta of 1.05.

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.