Byrna Technologies Inc. (NASDAQ:BYRN) CEO Sells $268,606.80 in Stock

Byrna Technologies Inc. (NASDAQ:BYRN) CEO Bryan Ganz sold 17,442 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $15.40, for a total transaction of $268,606.80. Following the transaction, the chief executive officer now owns 460,617 shares of the company’s stock, valued at approximately $7,093,501.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Byrna Technologies Trading Down 5.0 %

BYRN stock traded down $0.75 during mid-day trading on Friday, reaching $14.35. The company’s stock had a trading volume of 561,238 shares, compared to its average volume of 240,809. The stock has a market cap of $326.85 million, a PE ratio of -102.50 and a beta of 1.67. Byrna Technologies Inc. has a fifty-two week low of $2.19 and a fifty-two week high of $15.49. The company’s 50 day moving average is $10.36 and its two-hundred day moving average is $11.66.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings results on Tuesday, July 9th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.10. The business had revenue of $20.27 million during the quarter, compared to the consensus estimate of $20.29 million. Byrna Technologies had a negative net margin of 4.74% and a negative return on equity of 6.34%. On average, analysts forecast that Byrna Technologies Inc. will post 0.05 earnings per share for the current fiscal year.

Institutional Trading of Byrna Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in BYRN. M&T Bank Corp boosted its position in shares of Byrna Technologies by 48.2% during the 4th quarter. M&T Bank Corp now owns 166,042 shares of the company’s stock worth $1,062,000 after purchasing an additional 54,028 shares during the period. Spartan Fund Management Inc. purchased a new position in Byrna Technologies in the 4th quarter valued at approximately $32,000. Wealthspire Advisors LLC boosted its position in Byrna Technologies by 1.8% in the 1st quarter. Wealthspire Advisors LLC now owns 553,079 shares of the company’s stock valued at $7,704,000 after buying an additional 10,000 shares during the period. Vanguard Group Inc. boosted its position in Byrna Technologies by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 800,051 shares of the company’s stock valued at $11,145,000 after buying an additional 14,755 shares during the period. Finally, Hamilton Wealth LLC purchased a new position in Byrna Technologies in the 1st quarter valued at approximately $146,000. Institutional investors and hedge funds own 25.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on BYRN. Roth Mkm began coverage on shares of Byrna Technologies in a research report on Wednesday, August 28th. They set a “buy” rating and a $14.00 price target for the company. Roth Capital upgraded shares of Byrna Technologies to a “strong-buy” rating in a report on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Byrna Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.75.

Byrna Technologies Company Profile

Byrna Technologies Inc, a non-lethal defense technology company, provides non-lethal alternative solutions for law enforcement and private security. The company offers handheld personal security devices and shoulder-fired launchers without the need for background check or firearm license; and projectiles including chemical irritant, kinetic, and inert rounds.