Nebula Research & Development LLC Invests $1.14 Million in Axon Enterprise, Inc. (NASDAQ:AXON)

Nebula Research & Development LLC acquired a new position in Axon Enterprise, Inc. (NASDAQ:AXON - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,910 shares of the biotechnology company's stock, valued at approximately $1,135,000.

Several other large investors have also added to or reduced their stakes in AXON. Asset Dedication LLC grew its holdings in shares of Axon Enterprise by 11.3% during the 4th quarter. Asset Dedication LLC now owns 178 shares of the biotechnology company's stock valued at $106,000 after purchasing an additional 18 shares during the last quarter. Bleakley Financial Group LLC grew its position in Axon Enterprise by 1.3% during the 4th quarter. Bleakley Financial Group LLC now owns 1,527 shares of the biotechnology company's stock worth $908,000 after acquiring an additional 20 shares during the last quarter. Venturi Wealth Management LLC raised its position in Axon Enterprise by 2.7% in the fourth quarter. Venturi Wealth Management LLC now owns 802 shares of the biotechnology company's stock valued at $477,000 after purchasing an additional 21 shares during the last quarter. Burns Matteson Capital Management LLC boosted its stake in shares of Axon Enterprise by 3.4% during the fourth quarter. Burns Matteson Capital Management LLC now owns 757 shares of the biotechnology company's stock valued at $450,000 after purchasing an additional 25 shares in the last quarter. Finally, Transcend Capital Advisors LLC grew its holdings in shares of Axon Enterprise by 3.6% during the fourth quarter. Transcend Capital Advisors LLC now owns 726 shares of the biotechnology company's stock worth $431,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 79.08% of the company's stock.

Axon Enterprise Stock Up 1.9 %

NASDAQ:AXON traded up $11.90 during trading hours on Friday, hitting $633.00. 233,381 shares of the company traded hands, compared to its average volume of 754,599. The company has a quick ratio of 2.63, a current ratio of 2.96 and a debt-to-equity ratio of 0.32. The company has a market cap of $49.28 billion, a PE ratio of 163.57, a PEG ratio of 5.17 and a beta of 1.13. The firm's 50-day simple moving average is $551.54 and its 200-day simple moving average is $575.64. Axon Enterprise, Inc. has a one year low of $273.52 and a one year high of $715.99.

Wall Street Analyst Weigh In

Several research firms recently commented on AXON. Barclays reiterated a "hold" rating on shares of Axon Enterprise in a research report on Monday, March 10th. The Goldman Sachs Group raised their price target on shares of Axon Enterprise from $500.00 to $700.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $600.00 price objective on shares of Axon Enterprise in a research report on Wednesday, April 23rd. TD Cowen assumed 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. Finally, Craig Hallum downgraded Axon Enterprise from a "buy" rating to a "cautious" rating in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $626.45.

Insider Activity at Axon Enterprise

In related 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 completion of the sale, the director now directly owns 1,627 shares of the company's stock, valued at approximately $899,275.44. This trade represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Patrick W. Smith sold 10,000 shares of the business's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $540.99, for a total value of $5,409,900.00. Following the completion of the transaction, the chief executive officer now directly owns 3,063,982 shares in the company, valued at approximately $1,657,583,622.18. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.

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.