Insider Buying: Byrna Technologies (NASDAQ:BYRN) CEO Buys $11,723.40 in Stock

Byrna Technologies Inc. (NASDAQ:BYRN) CEO Conn Davis purchased 3,340 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The stock was bought at an average price of $3.51 per share, with a total value of $11,723.40. Following the completion of the purchase, the chief executive officer owned 22,198 shares of the company’s stock, valued at $77,914.98. This trade represents a 17.71% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Byrna Technologies Price Performance

Shares of NASDAQ:BYRN opened at $4.56 on Friday. The company has a market capitalization of $103.47 million, a P/E ratio of -25.33 and a beta of 1.80. Byrna Technologies Inc. has a 1 year low of $3.16 and a 1 year high of $30.62. The business’s 50 day simple moving average is $5.35 and its 200 day simple moving average is $8.56.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings data on Thursday, July 9th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.34). The company had revenue of $16.39 million during the quarter, compared to analyst estimates of $22.32 million. Byrna Technologies had a negative net margin of 3.39% and a negative return on equity of 5.85%. On average, sell-side analysts anticipate that Byrna Technologies Inc. will post -0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. B. Riley Financial dropped their price target on Byrna Technologies from $21.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Craig Hallum lowered shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price on the stock. in a report on Friday, April 10th. Roth Capital lowered shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 target price on the stock. in a report on Friday, July 10th. Zacks Research cut shares of Byrna Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Finally, New Street Research set a $7.50 price target on shares of Byrna Technologies in a report on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.88.

Institutional Trading of Byrna Technologies

Several institutional investors and hedge funds have recently modified their holdings of BYRN. Millennium Management LLC boosted its stake in Byrna Technologies by 228.0% in the third quarter. Millennium Management LLC now owns 673,138 shares of the company’s stock valued at $14,917,000 after buying an additional 467,932 shares in the last quarter. Invesco Ltd. acquired a new position in Byrna Technologies during the second quarter worth about $13,079,000. AIGH Capital Management LLC acquired a new position in Byrna Technologies during the fourth quarter worth about $6,630,000. Pinnacle Associates Ltd. lifted its holdings in shares of Byrna Technologies by 401.3% in the fourth quarter. Pinnacle Associates Ltd. now owns 438,292 shares of the company’s stock worth $7,359,000 after acquiring an additional 350,861 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Byrna Technologies by 496.5% in the first quarter. Renaissance Technologies LLC now owns 382,327 shares of the company’s stock worth $3,510,000 after acquiring an additional 318,227 shares during the last quarter. 25.46% of the stock is currently owned by institutional investors.

Byrna Technologies Company Profile

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO?-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.