Byrna Technologies Inc. (NASDAQ:BYRN) Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC decreased its stake in Byrna Technologies Inc. (NASDAQ:BYRN) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 543,079 shares of the company’s stock after selling 20,000 shares during the period. Wealthspire Advisors LLC’s holdings in Byrna Technologies were worth $3,470,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. M&T Bank Corp grew its holdings in Byrna Technologies by 48.2% in the fourth quarter. M&T Bank Corp now owns 166,042 shares of the company’s stock valued at $1,062,000 after purchasing an additional 54,028 shares during the last quarter. Raymond James & Associates boosted its position in shares of Byrna Technologies by 286.4% in the 4th quarter. Raymond James & Associates now owns 127,592 shares of the company’s stock worth $815,000 after buying an additional 94,575 shares in the last quarter. Federated Hermes Inc. increased its holdings in Byrna Technologies by 33.3% during the 3rd quarter. Federated Hermes Inc. now owns 160,000 shares of the company’s stock valued at $358,000 after acquiring an additional 40,000 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in Byrna Technologies by 55.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 56,707 shares of the company’s stock worth $127,000 after acquiring an additional 20,138 shares during the last quarter. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BYRN shares. LADENBURG THALM/SH SH increased their price target on shares of Byrna Technologies from $12.75 to $16.25 and gave the company a “buy” rating in a research report on Tuesday, April 9th. B. Riley reissued a “buy” rating and set a $17.00 price target (up previously from $14.00) on shares of Byrna Technologies in a research report on Monday, April 8th. Finally, TheStreet upgraded Byrna Technologies from a “d+” rating to a “c-” rating in a research report on Thursday, March 7th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $13.50.

Byrna Technologies Stock Performance

NASDAQ BYRN traded down $0.04 during mid-day trading on Wednesday, reaching $13.52. 203,125 shares of the stock were exchanged, compared to its average volume of 208,041. The stock has a market capitalization of $307.44 million, a PE ratio of -48.43 and a beta of 1.75. Byrna Technologies Inc. has a 1-year low of $2.19 and a 1-year high of $15.34. The business’s fifty day simple moving average is $13.12 and its 200 day simple moving average is $8.92.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings data on Friday, April 5th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.12. Byrna Technologies had a negative return on equity of 13.16% and a negative net margin of 11.83%. The business had revenue of $16.65 million for the quarter, compared to analysts’ expectations of $16.65 million. On average, analysts anticipate that Byrna Technologies Inc. will post -0.02 EPS for the current year.

Insider Activity

In related news, insider Herbert Hughes sold 5,229 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $12.03, for a total value of $62,904.87. Following the sale, the insider now directly owns 137,416 shares of the company’s stock, valued at $1,653,114.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.44% of the company’s stock.

About Byrna Technologies

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.