Axon Enterprise, Inc. (NASDAQ:AXON) is Motley Fool Asset Management LLC’s 7th Largest Position

Motley Fool Asset Management LLC lowered its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 8.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,966 shares of the biotechnology company’s stock after selling 9,544 shares during the quarter. Axon Enterprise accounts for 2.6% of Motley Fool Asset Management LLC’s holdings, making the stock its 7th largest holding. Motley Fool Asset Management LLC owned 0.14% of Axon Enterprise worth $43,501,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. IHT Wealth Management LLC increased its position in shares of Axon Enterprise by 14.5% during the 3rd quarter. IHT Wealth Management LLC now owns 4,448 shares of the biotechnology company’s stock worth $1,777,000 after purchasing an additional 562 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in Axon Enterprise by 2.7% during the third quarter. Integrated Wealth Concepts LLC now owns 18,129 shares of the biotechnology company’s stock worth $7,244,000 after buying an additional 485 shares during the period. Investment Management Corp of Ontario boosted its stake in Axon Enterprise by 50.6% during the third quarter. Investment Management Corp of Ontario now owns 2,382 shares of the biotechnology company’s stock worth $952,000 after buying an additional 800 shares during the period. Hilltop Holdings Inc. acquired a new stake in shares of Axon Enterprise during the third quarter valued at about $220,000. Finally, Centiva Capital LP purchased a new stake in shares of Axon Enterprise in the 3rd quarter valued at approximately $2,522,000. Institutional investors and hedge funds own 79.08% of the company’s stock.

Axon Enterprise Price Performance

Axon Enterprise stock opened at $669.87 on Wednesday. The business has a 50 day simple moving average of $493.10 and a 200-day simple moving average of $382.63. Axon Enterprise, Inc. has a 12 month low of $229.02 and a 12 month high of $675.47. 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 stock has a market capitalization of $51.08 billion, a PE ratio of 173.09, a price-to-earnings-growth ratio of 14.00 and a beta of 1.01.

Wall Street Analyst Weigh In

AXON has been the subject of a number of research analyst reports. Morgan Stanley raised shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $500.00 to $700.00 in a research report on Tuesday. Needham & Company LLC boosted their price objective on Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Craig Hallum increased their target price on Axon Enterprise from $370.00 to $376.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. JMP Securities raised their price objective on shares of Axon Enterprise from $430.00 to $500.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Finally, Robert W. Baird boosted their target price on Axon Enterprise from $440.00 to $460.00 and gave the company an “outperform” rating in a report on Monday, November 4th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $460.33.

Insiders Place Their Bets

In other Axon Enterprise news, CEO Patrick W. Smith sold 47,314 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $400.07, for a total transaction of $18,928,911.98. Following the transaction, the chief executive officer now owns 2,983,802 shares in the company, valued at approximately $1,193,729,666.14. The trade was a 1.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Joshua Isner sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $606.15, for a total value of $12,123,000.00. Following the completion of the sale, the president now directly owns 208,166 shares of the company’s stock, valued at $126,179,820.90. This represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,256 shares of company stock worth $61,043,370. 5.70% of the stock is owned by insiders.

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.