Wealth Enhancement Advisory Services LLC Buys 4,510 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Wealth Enhancement Advisory Services LLC increased its position in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) by 36.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,932 shares of the biotechnology company's stock after purchasing an additional 4,510 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Axon Enterprise were worth $10,063,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new stake in Axon Enterprise in the fourth quarter valued at $480,000. Blue Trust Inc. boosted its position in shares of Axon Enterprise by 70.4% during the fourth quarter. Blue Trust Inc. now owns 496 shares of the biotechnology company's stock valued at $295,000 after buying an additional 205 shares during the last quarter. Perigon Wealth Management LLC purchased a new stake in shares of Axon Enterprise in the fourth quarter valued at about $488,000. Oak Harvest Investment Services purchased a new position in shares of Axon Enterprise in the 4th quarter worth approximately $238,000. Finally, New Wave Wealth Advisors LLC purchased a new stake in Axon Enterprise during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 79.08% of the company's stock.

Insider Activity

In other news, Director Michael Garnreiter sold 87 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $760.00, for a total transaction of $66,120.00. Following the completion of the transaction, the director now directly owns 24,653 shares of the company's stock, valued at approximately $18,736,280. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brittany Bagley sold 3,400 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $700.00, for a total value of $2,380,000.00. Following the transaction, the chief financial officer now directly owns 131,833 shares in the company, valued at $92,283,100. This trade represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,969 shares of company stock valued at $29,909,594 in the last ninety days. Company insiders own 4.40% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on AXON. Needham & Company LLC boosted their price objective on shares of Axon Enterprise from $600.00 to $750.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Craig Hallum cut Axon Enterprise from a "buy" rating to a "cautious" rating in a research note on Monday, March 10th. Bank of America upped their target price on shares of Axon Enterprise from $750.00 to $895.00 and gave the company a "buy" rating in a research note on Wednesday. Northcoast Research lowered shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Finally, JMP Securities reiterated an "outperform" rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $699.55.

Axon Enterprise Stock Up 2.8%

AXON stock traded up $20.93 during midday trading on Wednesday, reaching $780.00. 557,514 shares of the company were exchanged, compared to its average volume of 734,770. The stock's 50-day simple moving average is $633.63 and its 200 day simple moving average is $613.89. Axon Enterprise, Inc. has a 1-year low of $276.23 and a 1-year high of $780.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96. The company has a market cap of $60.72 billion, a price-to-earnings ratio of 201.55, a price-to-earnings-growth ratio of 5.17 and a beta of 1.24.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The biotechnology company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.07. Axon Enterprise had a net margin of 15.37% and a return on equity of 7.50%. The company had revenue of $603.63 million during the quarter, compared to the consensus estimate of $585.67 million. During the same quarter in the prior year, the firm earned $1.15 EPS. Axon Enterprise's quarterly revenue was up 31.3% on a year-over-year basis. On average, equities analysts forecast that Axon Enterprise, Inc. will post 5.8 earnings per share for the current year.

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.