Veracity Capital LLC Has $1.15 Million Stock Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Veracity Capital LLC cut its stake in Axon Enterprise, Inc. (NASDAQ:AXONFree Report) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,926 shares of the biotechnology company’s stock after selling 62 shares during the period. Veracity Capital LLC’s holdings in Axon Enterprise were worth $1,145,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Groupama Asset Managment bought a new stake in Axon Enterprise during the 3rd quarter worth approximately $200,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Axon Enterprise in the third quarter valued at $120,553,000. International Assets Investment Management LLC bought a new position in shares of Axon Enterprise in the third quarter valued at about $871,860,000. Westfield Capital Management Co. LP grew its holdings in Axon Enterprise by 12.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,175,328 shares of the biotechnology company’s stock worth $469,661,000 after acquiring an additional 127,769 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Axon Enterprise by 328.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 145,299 shares of the biotechnology company’s stock valued at $86,354,000 after acquiring an additional 111,405 shares in the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

Axon Enterprise Trading Up 1.0 %

NASDAQ AXON opened at $613.38 on Friday. The stock has a market capitalization of $46.77 billion, a price-to-earnings ratio of 158.50, a PEG ratio of 6.09 and a beta of 1.04. Axon Enterprise, Inc. has a 52 week low of $247.04 and a 52 week high of $698.67. The stock’s 50 day moving average price is $617.43 and its two-hundred day moving average price is $467.42. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. JMP Securities upped their target price on shares of Axon Enterprise from $430.00 to $500.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Northland Securities upped their price objective on Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Needham & Company LLC lifted their target price 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 raised Axon Enterprise from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $500.00 to $700.00 in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group lifted 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $504.92.

View Our Latest Stock Report on Axon Enterprise

Insider Buying and Selling at Axon Enterprise

In other news, Director Caitlin Elizabeth Kalinowski sold 450 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total transaction of $271,831.50. Following the sale, the director now owns 6,929 shares in the company, valued at $4,185,601.03. This represents a 6.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffrey C. Kunins sold 21,834 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $593.88, for a total value of $12,966,775.92. Following the completion of the sale, the insider now directly owns 154,394 shares of the company’s stock, valued at approximately $91,691,508.72. The trade was a 12.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,545 shares of company stock worth $30,721,337. Insiders own 6.10% of the company’s stock.

About Axon Enterprise

(Free Report)

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.

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Institutional Ownership by Quarter for Axon Enterprise (NASDAQ:AXON)

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