Hartford Investment Management Co. Sells 28 Shares of Axon Enterprise, Inc. (NASDAQ:AXON)

Hartford Investment Management Co. decreased its holdings in shares of Axon Enterprise, Inc. (NASDAQ:AXON) by 0.6% during the 4th quarter, Holdings Channel reports. The firm owned 4,481 shares of the biotechnology company’s stock after selling 28 shares during the quarter. Hartford Investment Management Co.’s holdings in Axon Enterprise were worth $2,663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AXON. Prestige Wealth Management Group LLC boosted its holdings in Axon Enterprise by 115.8% in the third quarter. Prestige Wealth Management Group LLC now owns 82 shares of the biotechnology company’s stock worth $33,000 after acquiring an additional 44 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new stake in shares of Axon Enterprise during the fourth quarter valued at approximately $40,000. Brooklyn Investment Group purchased a new stake in shares of Axon Enterprise during the third quarter valued at approximately $41,000. Y.D. More Investments Ltd purchased a new stake in shares of Axon Enterprise during the fourth quarter valued at approximately $45,000. Finally, Planning Capital Management Corp increased its position in shares of Axon Enterprise by 83.3% during the third quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock valued at $48,000 after acquiring an additional 55 shares during the last quarter. Institutional investors own 79.08% of the company’s stock.

Axon Enterprise Stock Down 0.6 %

Shares of NASDAQ:AXON opened at $665.08 on Thursday. The company has a current ratio of 2.96, a quick ratio of 2.63 and a debt-to-equity ratio of 0.32. The company has a market cap of $50.71 billion, a price-to-earnings ratio of 171.86, a PEG ratio of 6.79 and a beta of 1.05. Axon Enterprise, Inc. has a 12 month low of $255.68 and a 12 month high of $698.67. The company has a 50-day moving average price of $623.80 and a 200 day moving average price of $502.57.

Insider Transactions at Axon Enterprise

In other Axon Enterprise news, insider Jeffrey C. Kunins sold 1,035 shares of Axon Enterprise stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $624.47, for a total value of $646,326.45. Following the transaction, the insider now directly owns 124,243 shares of the company’s stock, valued at approximately $77,586,026.21. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Caitlin Elizabeth Kalinowski sold 450 shares of Axon Enterprise stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $604.07, for a total transaction of $271,831.50. Following the completion of the transaction, the director now directly owns 6,929 shares in the company, valued at $4,185,601.03. This represents a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,711 shares of company stock valued at $5,631,561. 6.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on AXON. The Goldman Sachs Group raised their target price on Axon Enterprise from $500.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. TD Cowen initiated coverage on Axon Enterprise in a research note on Wednesday, January 8th. They set a “buy” rating and a $700.00 price objective for the company. JMP Securities lifted 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. Northland Securities lifted their price objective on Axon Enterprise from $365.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, Robert W. Baird lifted their price objective on Axon Enterprise from $600.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Axon Enterprise presently has an average rating of “Moderate Buy” and an average price target of $542.15.

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.