Quad Cities Investment Group LLC Has $906,000 Stock Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Quad Cities Investment Group LLC reduced its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 12.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,525 shares of the biotechnology company’s stock after selling 225 shares during the period. Quad Cities Investment Group LLC’s holdings in Axon Enterprise were worth $906,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AXON. DekaBank Deutsche Girozentrale raised its position in Axon Enterprise by 32.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 22,450 shares of the biotechnology company’s stock valued at $6,689,000 after acquiring an additional 5,464 shares in the last quarter. Thoroughbred Financial Services LLC bought a new position in shares of Axon Enterprise during the 2nd quarter valued at $368,000. Envestnet Asset Management Inc. raised its holdings in shares of Axon Enterprise by 12.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 79,908 shares of the biotechnology company’s stock valued at $23,512,000 after purchasing an additional 8,575 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of Axon Enterprise in the 2nd quarter valued at $366,000. Finally, Thompson Siegel & Walmsley LLC bought a new stake in Axon Enterprise in the second quarter worth $273,000. 79.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AXON. Needham & Company LLC boosted their price target on Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. JMP Securities boosted their target price on Axon Enterprise from $430.00 to $500.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Northland Securities increased their price target on Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Morgan Stanley upgraded shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $500.00 to $700.00 in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group raised their target price on shares of Axon Enterprise from $385.00 to $441.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Axon Enterprise presently has an average rating of “Moderate Buy” and an average target price of $504.92.

Insider Transactions at Axon Enterprise

In other news, Director Michael Garnreiter sold 1,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $639.69, for a total value of $639,690.00. Following the completion of the transaction, the director now directly owns 24,259 shares of the company’s stock, valued at approximately $15,518,239.71. This represents a 3.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were 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 directly owns 6,929 shares in the company, valued at approximately $4,185,601.03. This represents a 6.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,545 shares of company stock valued at $30,721,337. 6.10% of the stock is owned by corporate insiders.

Axon Enterprise Stock Down 0.2 %

AXON stock opened at $568.68 on Tuesday. The business’s 50-day simple moving average is $610.03 and its 200 day simple moving average is $452.93. 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 company has a market cap of $43.36 billion, a PE ratio of 146.95, a price-to-earnings-growth ratio of 14.19 and a beta of 1.04. Axon Enterprise, Inc. has a twelve month low of $246.99 and a twelve month high of $698.67.

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.