Axon Enterprise, Inc. (NASDAQ:AXON) Position Trimmed by Comerica Bank

Comerica Bank cut its holdings in Axon Enterprise, Inc. (NASDAQ:AXON) by 47.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 84,318 shares of the biotechnology company’s stock after selling 74,824 shares during the period. Comerica Bank owned about 0.11% of Axon Enterprise worth $50,112,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AXON. New Wave Wealth Advisors LLC acquired a new stake in shares of Axon Enterprise during the 4th quarter worth approximately $40,000. Y.D. More Investments Ltd acquired a new position in shares of Axon Enterprise during the fourth quarter worth approximately $45,000. Stonebridge Financial Group LLC acquired a new stake in Axon Enterprise in the 4th quarter valued at approximately $53,000. GPS Wealth Strategies Group LLC grew its holdings in Axon Enterprise by 74.1% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 94 shares of the biotechnology company’s stock worth $56,000 after acquiring an additional 40 shares during the period. Finally, Versant Capital Management Inc raised its position in Axon Enterprise by 4,750.0% in the fourth quarter. Versant Capital Management Inc now owns 97 shares of the biotechnology company’s stock worth $58,000 after acquiring an additional 95 shares in the last quarter. Institutional investors own 79.08% of the company’s stock.

Insider Buying and Selling at Axon Enterprise

In related news, Director Jeri Williams sold 307 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $552.72, for a total value of $169,685.04. Following the completion of the sale, the director now owns 1,627 shares in the company, valued at approximately $899,275.44. This trade represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick W. Smith sold 10,000 shares of Axon Enterprise stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 3,063,982 shares in the company, valued at $1,657,583,622.18. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Axon Enterprise Trading Up 1.4 %

Shares of AXON stock opened at $611.13 on Wednesday. Axon Enterprise, Inc. has a 12 month low of $273.52 and a 12 month high of $715.99. The business’s 50 day moving average is $547.11 and its two-hundred day moving average is $574.11. 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 $47.58 billion, a PE ratio of 157.92, a price-to-earnings-growth ratio of 5.17 and a beta of 1.13.

Analysts Set New Price Targets

Several analysts recently commented on AXON shares. Northcoast Research lowered shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 19th. Needham & Company LLC restated a “buy” rating and set a $600.00 price objective on shares of Axon Enterprise in a report on Wednesday, April 23rd. TD Cowen began coverage on Axon Enterprise in a research report on Wednesday, January 8th. They set a “buy” rating and a $700.00 price target on the stock. JMP Securities restated an “outperform” rating on shares of Axon Enterprise in a research report on Tuesday, February 4th. Finally, Barclays reaffirmed a “hold” rating on shares of Axon Enterprise in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $626.45.

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.