Legacy Capital Group California Inc. Sells 1,920 Shares of Axon Enterprise, Inc $AXON

Legacy Capital Group California Inc. trimmed its position in Axon Enterprise, Inc (NASDAQ:AXON) by 73.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 690 shares of the biotechnology company’s stock after selling 1,920 shares during the period. Legacy Capital Group California Inc.’s holdings in Axon Enterprise were worth $392,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Stone House Investment Management LLC bought a new position in Axon Enterprise in the 3rd quarter valued at $29,000. New Millennium Group LLC bought a new position in Axon Enterprise in the 3rd quarter valued at $29,000. Darwin Wealth Management LLC bought a new position in Axon Enterprise in the 2nd quarter valued at $37,000. Root Financial Partners LLC bought a new position in Axon Enterprise in the 3rd quarter valued at $34,000. Finally, Sound Income Strategies LLC boosted its position in Axon Enterprise by 550.0% in the 4th quarter. Sound Income Strategies LLC now owns 52 shares of the biotechnology company’s stock valued at $30,000 after buying an additional 44 shares during the last quarter. 79.08% of the stock is currently owned by institutional investors.

Axon Enterprise Stock Down 2.6%

Axon Enterprise stock opened at $392.64 on Friday. The company’s 50 day simple moving average is $457.14 and its 200 day simple moving average is $546.45. Axon Enterprise, Inc has a fifty-two week low of $339.01 and a fifty-two week high of $885.91. The firm has a market capitalization of $31.64 billion, a price-to-earnings ratio of 258.32, a PEG ratio of 8.60 and a beta of 1.61. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 2.29.

Axon Enterprise (NASDAQ:AXON) last announced its quarterly earnings results on Tuesday, February 24th. The biotechnology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.55. Axon Enterprise had a net margin of 4.48% and a return on equity of 2.82%. The firm had revenue of $796.72 million for the quarter, compared to analyst estimates of $755.29 million. During the same quarter in the previous year, the firm posted $2.08 earnings per share. The business’s revenue was up 38.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Axon Enterprise, Inc will post 1.41 EPS for the current year.

Insider Transactions at Axon Enterprise

In other Axon Enterprise news, CEO Patrick W. Smith sold 10,000 shares of Axon Enterprise stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $500.24, for a total value of $5,002,400.00. Following the transaction, the chief executive officer owned 3,090,997 shares of the company’s stock, valued at approximately $1,546,240,339.28. The trade was a 0.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Isaiah Fields sold 2,000 shares of Axon Enterprise stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $535.01, for a total transaction of $1,070,020.00. Following the completion of the transaction, the insider directly owned 55,588 shares in the company, valued at approximately $29,740,135.88. The trade was a 3.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 13,855 shares of company stock valued at $7,109,828. 4.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AXON shares. JPMorgan Chase & Co. decreased their price objective on Axon Enterprise from $925.00 to $750.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Wall Street Zen upgraded shares of Axon Enterprise from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Craig Hallum reiterated a “buy” rating and set a $820.00 price target on shares of Axon Enterprise in a research report on Wednesday, February 25th. Barclays lowered their price target on shares of Axon Enterprise from $702.00 to $682.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $825.00 price target on shares of Axon Enterprise in a research report on Monday, April 13th. Sixteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $749.63.

Axon Enterprise Company Profile

Axon Enterprise, Inc develops technology and weapons systems for public safety and law enforcement agencies, combining hardware, software and cloud services. The company’s hardware portfolio includes conducted energy weapons (commonly known as TASER devices), body-worn cameras and in-car camera systems. Axon pairs these devices with a suite of connected products and accessories designed to capture, store and manage field evidence.

Beyond hardware, Axon operates a subscription-based software platform for digital evidence management, evidence review and records management.