PKO Investment Management Joint Stock Co Has $2.50 Million Holdings in Axon Enterprise, Inc $AXON

PKO Investment Management Joint Stock Co cut its holdings in Axon Enterprise, Inc (NASDAQ:AXON) by 22.8% in the fourth quarter, HoldingsChannel reports. The firm owned 4,400 shares of the biotechnology company’s stock after selling 1,300 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Axon Enterprise were worth $2,499,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Stone House Investment Management LLC bought a new position in Axon Enterprise during the third quarter valued at about $29,000. New Millennium Group LLC bought a new stake in shares of Axon Enterprise during the 3rd quarter worth about $29,000. Sound Income Strategies LLC boosted its stake in shares of Axon Enterprise by 550.0% during the 4th quarter. Sound Income Strategies LLC now owns 52 shares of the biotechnology company’s stock worth $30,000 after acquiring an additional 44 shares in the last quarter. Camelot Portfolios LLC acquired a new position in shares of Axon Enterprise during the 4th quarter valued at about $30,000. Finally, Root Financial Partners LLC acquired a new position in shares of Axon Enterprise during the 3rd quarter valued at about $34,000. 79.08% of the stock is owned by institutional investors and hedge funds.

Axon Enterprise Price Performance

NASDAQ AXON opened at $402.31 on Friday. The stock has a 50-day simple moving average of $454.05 and a 200 day simple moving average of $534.17. Axon Enterprise, Inc has a twelve month low of $339.01 and a twelve month high of $885.91. The stock has a market capitalization of $32.41 billion, a PE ratio of 264.68, a P/E/G ratio of 8.59 and a beta of 1.44. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.29 and a current ratio of 2.53.

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

Insiders Place Their Bets

In other Axon Enterprise news, Director Erika Nardini sold 198 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $506.58, for a total value of $100,302.84. Following the completion of the sale, the director directly owned 1,946 shares of the company’s stock, valued at $985,804.68. This represents a 9.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer H. Mak sold 1,500 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $573.45, for a total transaction of $860,175.00. Following the completion of the sale, the chief accounting officer owned 12,240 shares in the company, valued at $7,019,028. This represents a 10.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,855 shares of company stock valued at $7,109,828 in the last 90 days. 4.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AXON shares. Northcoast Research upgraded Axon Enterprise from a “neutral” rating to a “buy” rating and set a $742.00 target price for the company in a report on Tuesday, January 6th. UBS Group lowered their price target on Axon Enterprise from $610.00 to $570.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Citigroup reissued a “buy” rating on shares of Axon Enterprise in a research report on Wednesday, February 25th. Barclays reduced their price objective on shares of Axon Enterprise from $702.00 to $682.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Finally, Robert W. Baird set a $800.00 target price on shares of Axon Enterprise in a research note on Wednesday, February 25th. Sixteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.