Napa Wealth Management Takes Position in Axon Enterprise, Inc. (NASDAQ:AXON)

Napa Wealth Management purchased a new stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 449 shares of the biotechnology company's stock, valued at approximately $267,000.

A number of other institutional investors have also recently made changes to their positions in AXON. New Wave Wealth Advisors LLC purchased a new position in shares of Axon Enterprise in the fourth quarter worth approximately $40,000. Y.D. More Investments Ltd purchased a new position in shares of Axon Enterprise in the fourth quarter worth approximately $45,000. Stonebridge Financial Group LLC purchased a new position in Axon Enterprise during the fourth quarter valued at approximately $53,000. GPS Wealth Strategies Group LLC boosted its position in shares of Axon Enterprise by 74.1% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company's stock worth $56,000 after purchasing an additional 40 shares during the period. Finally, Berbice Capital Management LLC bought a new position in shares of Axon Enterprise in the fourth quarter worth approximately $59,000. Hedge funds and other institutional investors own 79.08% of the company's stock.

Insider Activity at Axon Enterprise

In related news, Director Matthew R. Mcbrady sold 400 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $718.40, for a total transaction of $287,360.00. Following the sale, the director now owns 3,492 shares of the company's stock, valued at $2,508,652.80. This represents a 10.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick W. Smith sold 10,000 shares of the company'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 sale, the chief executive officer now directly owns 3,063,982 shares in the company, valued at approximately $1,657,583,622.18. The trade was a 0.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,764 shares of company stock valued at $14,856,635 over the last 90 days. 4.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AXON has been the subject of a number of recent analyst reports. JMP Securities reiterated an "outperform" rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. 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 report on Wednesday. Needham & Company LLC upped their price target 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. Northcoast Research lowered shares of Axon Enterprise from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 19th. Finally, Barclays upped their price target on shares of Axon Enterprise from $726.00 to $735.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $652.73.

Axon Enterprise Price Performance

Shares of AXON stock traded up $4.79 during mid-day trading on Friday, hitting $733.18. The company had a trading volume of 419,101 shares, compared to its average volume of 759,084. Axon Enterprise, Inc. has a 52-week low of $273.52 and a 52-week high of $735.68. The stock's 50 day moving average price is $584.61 and its 200-day moving average price is $593.44. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.96 and a quick ratio of 2.63. The company has a market capitalization of $57.08 billion, a P/E ratio of 189.45, a P/E/G ratio of 5.17 and a beta of 1.24.

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

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.