479 Shares in Axon Enterprise, Inc (NASDAQ:AXON) Bought by Mount Lucas Management LP

Mount Lucas Management LP acquired a new position in shares of Axon Enterprise, Inc (NASDAQ:AXON - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 479 shares of the biotechnology company's stock, valued at approximately $252,000.

Several other institutional investors have also modified their holdings of the stock. Fourth Dimension Wealth LLC purchased a new stake in Axon Enterprise in the 4th quarter valued at $30,000. Bartlett & CO. Wealth Management LLC raised its position in Axon Enterprise by 132.0% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 58 shares of the biotechnology company's stock worth $31,000 after buying an additional 33 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in Axon Enterprise during the 1st quarter worth $32,000. Alpine Bank Wealth Management purchased a new position in Axon Enterprise during the 1st quarter worth $40,000. Finally, Elequin Capital LP purchased a new position in Axon Enterprise during the 4th quarter worth $46,000. Hedge funds and other institutional investors own 79.08% of the company's stock.

Axon Enterprise Trading Up 3.6%

Shares of AXON stock traded up $25.75 during trading hours on Friday, hitting $735.01. 654,601 shares of the company were exchanged, compared to its average volume of 627,317. The firm has a market cap of $57.22 billion, a PE ratio of 177.54, a PEG ratio of 79.06 and a beta of 1.29. Axon Enterprise, Inc has a 1 year low of $279.02 and a 1 year high of $830.21. The company has a quick ratio of 2.62, a current ratio of 2.83 and a debt-to-equity ratio of 0.68. The firm has a fifty day moving average of $763.82 and a 200 day moving average of $650.42.

Axon Enterprise (NASDAQ:AXON - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The biotechnology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.07. The business had revenue of $603.63 million for the quarter, compared to analyst estimates of $585.67 million. Axon Enterprise had a net margin of 14.86% and a return on equity of 5.81%. The company's revenue was up 31.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.15 EPS. Analysts expect that Axon Enterprise, Inc will post 5.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AXON shares. JMP Securities upped their price target on shares of Axon Enterprise from $725.00 to $825.00 and gave the stock a "market outperform" rating in a research note on Tuesday. Wolfe Research started coverage on shares of Axon Enterprise in a research note on Monday, July 7th. They set an "outperform" rating on the stock. The Goldman Sachs Group upped their price target on shares of Axon Enterprise from $730.00 to $830.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Needham & Company LLC lifted their target price on shares of Axon Enterprise from $600.00 to $750.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, UBS Group assumed coverage on shares of Axon Enterprise in a research report on Wednesday, July 16th. They set a "neutral" rating and a $820.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $772.08.

Insider Buying and Selling at Axon Enterprise

In related news, Director Michael Garnreiter sold 5,913 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $760.00, for a total value of $4,493,880.00. Following the transaction, the director owned 17,740 shares in the company, valued at approximately $13,482,400. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Joshua Isner sold 9,905 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $738.03, for a total transaction of $7,310,187.15. Following the completion of the sale, the president directly owned 298,809 shares of the company's stock, valued at $220,530,006.27. This trade represents a 3.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,642 shares of company stock worth $25,090,528. 4.40% of the stock is currently owned by insiders.

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.