Bamco Inc. NY Sells 99,491 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Bamco Inc. NY lessened its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 39.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 154,650 shares of the biotechnology company's stock after selling 99,491 shares during the quarter. Bamco Inc. NY owned approximately 0.20% of Axon Enterprise worth $91,912,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. New Wave Wealth Advisors LLC purchased a new position in shares of Axon Enterprise in the 4th quarter worth $40,000. Y.D. More Investments Ltd bought a new position in Axon Enterprise during the 4th quarter valued at $45,000. Stonebridge Financial Group LLC acquired a new position in Axon Enterprise in the fourth quarter worth about $53,000. GPS Wealth Strategies Group LLC grew its position 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 worth $56,000 after acquiring an additional 40 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in Axon Enterprise by 4,750.0% during the fourth quarter. Versant Capital Management Inc now owns 97 shares of the biotechnology company's stock valued at $58,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 79.08% of the company's stock.

Insiders Place Their Bets

In other Axon Enterprise news, Director Jeri Williams sold 307 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $552.72, for a total transaction of $169,685.04. Following the transaction, the director now owns 1,627 shares in the company, valued at $899,275.44. This trade represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick W. Smith sold 10,000 shares of the firm's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $540.99, for a total transaction of $5,409,900.00. Following the completion of the transaction, the chief executive officer now owns 3,063,982 shares in the company, valued at $1,657,583,622.18. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.10% of the company's stock.

Axon Enterprise Stock Down 0.2 %

AXON stock traded down $1.32 during midday trading on Wednesday, reaching $600.35. The company had a trading volume of 880,466 shares, compared to its average volume of 755,222. The company has a market capitalization of $46.74 billion, a P/E ratio of 155.13, a PEG ratio of 5.17 and a beta of 1.24. Axon Enterprise, Inc. has a 1 year low of $273.52 and a 1 year high of $715.99. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $558.13 and a two-hundred day moving average of $580.55.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AXON shares. Northcoast Research lowered shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 19th. JMP Securities reaffirmed an "outperform" rating on shares of Axon Enterprise in a research note on Tuesday, February 4th. TD Cowen started coverage on shares of Axon Enterprise in a research note on Wednesday, January 8th. They issued a "buy" rating and a $700.00 price target for the company. Needham & Company LLC restated a "buy" rating and issued a $600.00 price objective on shares of Axon Enterprise in a report on Wednesday, April 23rd. Finally, Craig Hallum cut shares of Axon Enterprise from a "buy" rating to a "cautious" rating in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $626.45.

Axon Enterprise 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.