Byrna Technologies Inc. (NASDAQ:BYRN) CFO Purchases $28,080.00 in Stock

Byrna Technologies Inc. (NASDAQ:BYRN) CFO Laurilee Kearnes bought 2,000 shares of Byrna Technologies stock in a transaction that occurred on Thursday, October 10th. The stock was purchased at an average cost of $14.04 per share, for a total transaction of $28,080.00. Following the acquisition, the chief financial officer now owns 2,500 shares of the company’s stock, valued at $35,100. This represents a 400.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Byrna Technologies Price Performance

Shares of BYRN traded down $0.04 during mid-day trading on Friday, reaching $13.96. 575,389 shares of the company’s stock were exchanged, compared to its average volume of 300,061. The business’s fifty day simple moving average is $13.55 and its 200-day simple moving average is $12.37. Byrna Technologies Inc. has a 52-week low of $2.52 and a 52-week high of $19.42. The stock has a market capitalization of $317.97 million, a PE ratio of -100.00 and a beta of 1.69.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings data on Tuesday, July 9th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.10. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.66%. The company had revenue of $20.27 million for the quarter, compared to the consensus estimate of $20.29 million. Equities research analysts predict that Byrna Technologies Inc. will post 0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Roth Capital upgraded shares of Byrna Technologies to a “strong-buy” rating in a report on Wednesday, August 28th. Roth Mkm assumed coverage on Byrna Technologies in a report on Wednesday, August 28th. They set a “buy” rating and a $14.00 price target for the company. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $15.75.

Hedge Funds Weigh In On Byrna Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Algert Global LLC purchased a new stake in Byrna Technologies during the 2nd quarter valued at approximately $131,000. Hamilton Wealth LLC purchased a new stake in shares of Byrna Technologies during the first quarter worth approximately $146,000. Dimensional Fund Advisors LP lifted its holdings in shares of Byrna Technologies by 17.5% during the second quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock worth $200,000 after purchasing an additional 2,976 shares during the period. Rhumbline Advisers purchased a new position in Byrna Technologies in the 2nd quarter valued at $205,000. Finally, XTX Topco Ltd purchased a new position in Byrna Technologies in the 2nd quarter valued at $408,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

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.