BIT Capital GmbH Has $2.54 Million Position in Axon Enterprise, Inc $AXON

BIT Capital GmbH grew its stake in shares of Axon Enterprise, Inc (NASDAQ:AXON) by 75.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,535 shares of the biotechnology company’s stock after acquiring an additional 1,522 shares during the period. BIT Capital GmbH’s holdings in Axon Enterprise were worth $2,537,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in AXON. Stone House Investment Management LLC bought a new position in Axon Enterprise during the 3rd quarter worth $29,000. Whipplewood Advisors LLC increased its position in Axon Enterprise by 192.9% during the second quarter. Whipplewood Advisors LLC now owns 41 shares of the biotechnology company’s stock worth $34,000 after acquiring an additional 27 shares during the period. Darwin Wealth Management LLC acquired a new stake in Axon Enterprise in the 2nd quarter worth about $37,000. Root Financial Partners LLC acquired a new stake in Axon Enterprise in the 3rd quarter worth about $34,000. Finally, NewSquare Capital LLC boosted its holdings in Axon Enterprise by 96.2% in the 2nd quarter. NewSquare Capital LLC now owns 51 shares of the biotechnology company’s stock valued at $42,000 after purchasing an additional 25 shares during the period. Institutional investors own 79.08% of the company’s stock.

Insider Activity

In other news, President Joshua Isner sold 20,000 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $552.60, for a total transaction of $11,052,000.00. Following the sale, the president directly owned 249,502 shares in the company, valued at approximately $137,874,805.20. The trade was a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeri Williams sold 100 shares of Axon Enterprise stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $550.63, for a total transaction of $55,063.00. Following the sale, the director owned 1,316 shares in the company, valued at approximately $724,629.08. This represents a 7.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 48,040 shares of company stock valued at $27,249,338. 4.40% of the stock is currently owned by company insiders.

Axon Enterprise Trading Up 2.6%

Shares of Axon Enterprise stock opened at $441.12 on Friday. Axon Enterprise, Inc has a 1 year low of $396.41 and a 1 year high of $885.91. The firm has a market capitalization of $34.81 billion, a PE ratio of 139.60, a price-to-earnings-growth ratio of 12.96 and a beta of 1.48. The company has a current ratio of 3.12, a quick ratio of 2.89 and a debt-to-equity ratio of 0.57. The firm’s 50 day moving average is $547.24 and its 200 day moving average is $640.09.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Northcoast Research upgraded shares of Axon Enterprise from a “neutral” rating to a “buy” rating and set a $742.00 price target for the company in a research report on Tuesday, January 6th. UBS Group cut their target price on Axon Enterprise from $840.00 to $610.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Axon Enterprise in a research report on Monday, December 29th. Piper Sandler cut their price objective on shares of Axon Enterprise from $893.00 to $753.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Finally, William Blair reiterated an “outperform” rating on shares of Axon Enterprise in a research note on Tuesday, February 3rd. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $805.71.

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.