SevenBridge Financial Group LLC Invests $267,000 in Axon Enterprise, Inc. (NASDAQ:AXON)

SevenBridge Financial Group LLC bought a new stake in shares of Axon Enterprise, Inc. (NASDAQ:AXON) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 669 shares of the biotechnology company’s stock, valued at approximately $267,000.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of Axon Enterprise by 987.5% during the 2nd quarter. Blue Trust Inc. now owns 87 shares of the biotechnology company’s stock valued at $27,000 after purchasing an additional 79 shares in the last quarter. Quent Capital LLC increased its holdings in Axon Enterprise by 1,875.0% in the third quarter. Quent Capital LLC now owns 79 shares of the biotechnology company’s stock valued at $32,000 after buying an additional 75 shares in the last quarter. Asset Dedication LLC acquired a new position in shares of Axon Enterprise in the second quarter worth about $47,000. Planning Capital Management Corp boosted its stake in shares of Axon Enterprise by 83.3% during the 3rd quarter. Planning Capital Management Corp now owns 121 shares of the biotechnology company’s stock worth $48,000 after acquiring an additional 55 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in shares of Axon Enterprise during the 3rd quarter valued at about $51,000. 79.08% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Axon Enterprise news, CEO Patrick W. Smith sold 50,000 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $364.02, for a total transaction of $18,201,000.00. Following the completion of the transaction, the chief executive officer now owns 2,980,861 shares of the company’s stock, valued at $1,085,093,021.22. This trade represents a 1.65 % 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 Jeffrey C. Kunins sold 21,834 shares of Axon Enterprise stock in a transaction dated 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 sale, the insider now owns 154,394 shares of the company’s stock, valued at approximately $91,691,508.72. This represents a 12.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 260,256 shares of company stock valued at $105,984,120 over the last quarter. 5.70% of the stock is owned by insiders.

Axon Enterprise Stock Up 0.9 %

AXON stock opened at $636.95 on Monday. Axon Enterprise, Inc. has a one year low of $224.28 and a one year high of $641.20. The firm has a market cap of $48.57 billion, a PE ratio of 164.59, a PEG ratio of 14.02 and a beta of 0.94. The firm’s 50 day moving average price is $463.58 and its 200-day moving average price is $368.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.63 and a current ratio of 2.96.

Wall Street Analyst Weigh In

AXON has been the topic of a number of recent analyst reports. Needham & Company LLC increased their price target on Axon Enterprise from $525.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. JMP Securities lifted their price target on shares of Axon Enterprise from $430.00 to $500.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Barclays increased their price objective on shares of Axon Enterprise from $381.00 to $387.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. The Goldman Sachs Group lifted their target price on shares of Axon Enterprise from $385.00 to $441.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Craig Hallum upped their price target on shares of Axon Enterprise from $370.00 to $376.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $427.83.

Axon Enterprise Company 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.