Newbridge Financial Services Group Inc. Reduces Stock Holdings in Axon Enterprise, Inc. (NASDAQ:AXON)

Newbridge Financial Services Group Inc. lowered its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 9.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 494 shares of the biotechnology company’s stock after selling 53 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Axon Enterprise were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AXON. Sanctuary Advisors LLC purchased a new position in Axon Enterprise during the second quarter valued at $836,000. CWM LLC raised its stake in shares of Axon Enterprise by 1.3% in the third quarter. CWM LLC now owns 2,856 shares of the biotechnology company’s stock worth $1,141,000 after buying an additional 36 shares during the period. Wedmont Private Capital purchased a new position in shares of Axon Enterprise during the 3rd quarter valued at about $290,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Axon Enterprise by 322.6% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 393 shares of the biotechnology company’s stock valued at $157,000 after acquiring an additional 300 shares during the period. Finally, Perfromance Wealth Partners LLC purchased a new stake in Axon Enterprise in the 3rd quarter worth approximately $266,000. Institutional investors own 79.08% of the company’s stock.

Insider Transactions at Axon Enterprise

In other Axon Enterprise news, insider Jeffrey C. Kunins sold 21,834 shares of Axon Enterprise stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $593.88, for a total transaction of $12,966,775.92. Following the completion of the transaction, the insider now directly owns 154,394 shares of the company’s stock, valued at $91,691,508.72. The trade was a 12.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $604.07, for a total transaction of $271,831.50. Following the transaction, the director now owns 6,929 shares in the company, valued at $4,185,601.03. This trade represents a 6.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,545 shares of company stock worth $30,721,337 in the last three months. Insiders own 6.10% of the company’s stock.

Axon Enterprise Trading Up 0.3 %

Shares of AXON opened at $679.24 on Monday. Axon Enterprise, Inc. has a fifty-two week low of $255.68 and a fifty-two week high of $698.67. 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’s fifty day moving average is $623.43 and its 200 day moving average is $496.32. The stock has a market capitalization of $51.79 billion, a PE ratio of 175.51, a P/E/G ratio of 6.79 and a beta of 1.05.

Analysts Set New Price Targets

Several brokerages have weighed in on AXON. Morgan Stanley raised shares of Axon Enterprise from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $500.00 to $700.00 in a report on Tuesday, December 3rd. Northland Securities lifted their target price on shares of Axon Enterprise from $365.00 to $550.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. JMP Securities increased their price target on Axon Enterprise from $610.00 to $725.00 and gave the stock a “market outperform” rating in a research note on Tuesday, February 4th. The Goldman Sachs Group boosted their price objective on Axon Enterprise from $500.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, TD Cowen started coverage on Axon Enterprise in a research report on Wednesday, January 8th. They set a “buy” rating and a $700.00 target price for the company. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $542.15.

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.