Conn Davis Buys 18,768 Shares of Byrna Technologies (NASDAQ:BYRN) Stock

Byrna Technologies Inc. (NASDAQ:BYRN) CEO Conn Davis bought 18,768 shares of Byrna Technologies stock in a transaction that occurred on Wednesday, July 22nd. The shares were acquired at an average price of $3.46 per share, with a total value of $64,937.28. Following the completion of the acquisition, the chief executive officer directly owned 18,768 shares of the company’s stock, valued at $64,937.28. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Byrna Technologies Stock Performance

Byrna Technologies stock opened at $4.33 on Thursday. The firm has a market cap of $98.25 million, a price-to-earnings ratio of -24.06 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 firm’s 50 day moving average price is $5.37 and its two-hundred day moving average price is $8.65.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings data on Thursday, July 9th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.34). The company had revenue of $16.39 million for 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%. As a group, equities analysts predict that Byrna Technologies Inc. will post -0.63 EPS for the current fiscal year.

Key Stories Impacting Byrna Technologies

Here are the key news stories impacting Byrna Technologies this week:

• Positive Sentiment: Company insiders collectively purchased approximately 61,258 shares for more than $215,000. Chairman Tj Kennedy bought 29,000 shares, CEO Conn Davis purchased 22,108 shares across two transactions, Director Chris Lavern Reed acquired 8,150 shares, and CFO Laurilee Kearnes bought 2,000 shares. The purchases, made at roughly $3.42 to $3.63 per share, suggest management and directors view the depressed valuation as attractive. Insider buying report
• Neutral Sentiment: Analyst views remain mixed. The consensus rating is “Moderate Buy,” with an average price target of $7.88, but recent target reductions and downgrades indicate substantial uncertainty surrounding Byrna’s growth prospects. Analyst ratings report
• Negative Sentiment: Byrna’s latest quarterly results significantly missed expectations. The company reported a loss of $0.44 per share versus the anticipated $0.10 loss, while revenue of $16.39 million was below the $22.32 million consensus estimate. Analysts expect the company to remain unprofitable for the full year, with projected EPS of negative $0.63. Byrna earnings report
• Negative Sentiment: Recent research actions included B. Riley cutting its price target from $21 to $12, Roth Capital downgrading the stock to “Neutral” with a $4.50 target, and Zacks Research assigning a “Strong Sell” rating. These actions underscore continuing concerns about slowing sales and losses.

Institutional Trading of Byrna Technologies

Several hedge funds and other institutional investors have recently modified their holdings of BYRN. State Street Corp grew its holdings in shares of Byrna Technologies by 5.8% during the fourth quarter. State Street Corp now owns 987,936 shares of the company’s stock valued at $16,587,000 after buying an additional 54,555 shares in the last quarter. Millennium Management LLC lifted its stake in Byrna Technologies by 32.7% in the 4th quarter. Millennium Management LLC now owns 893,268 shares of the company’s stock worth $14,998,000 after acquiring an additional 220,130 shares in the last quarter. UBS Group AG boosted its position in Byrna Technologies by 35.8% during the 4th quarter. UBS Group AG now owns 520,616 shares of the company’s stock worth $8,741,000 after acquiring an additional 137,260 shares during the period. Geode Capital Management LLC boosted its position in Byrna Technologies by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 440,843 shares of the company’s stock worth $7,403,000 after acquiring an additional 1,126 shares during the period. Finally, Pinnacle Associates Ltd. boosted its position in Byrna Technologies by 401.3% during the 4th 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 period. Institutional investors and hedge funds own 25.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Zacks Research lowered Byrna Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. New Street Research set a $7.50 price objective on Byrna Technologies in a report on Friday, April 10th. Wall Street Zen lowered shares of Byrna Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Roth Capital cut shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 target price for the company. in a report on Friday, July 10th. Finally, Craig Hallum downgraded shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price on the stock. in a research report on Friday, April 10th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $7.88.

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 CO₂-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.