Insider Buying: Byrna Technologies (NASDAQ:BYRN) Director Buys $29,584.50 in Stock

Byrna Technologies Inc. (NASDAQ:BYRN) Director Chris Lavern Reed purchased 8,150 shares of the business’s stock in a transaction on Friday, July 24th. The shares were acquired at an average cost of $3.63 per share, with a total value of $29,584.50. Following the acquisition, the director directly owned 61,720 shares in the company, valued at approximately $224,043.60. The trade was a 15.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Byrna Technologies Price Performance

NASDAQ:BYRN opened at $4.56 on Friday. Byrna Technologies Inc. has a one year low of $3.16 and a one year high of $30.62. The company has a market cap of $103.47 million, a P/E ratio of -25.33 and a beta of 1.80. The firm’s fifty day moving average price is $5.35 and its two-hundred day moving average price is $8.56.

Byrna Technologies (NASDAQ:BYRN) last issued 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 the consensus estimate 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 research analysts expect that Byrna Technologies Inc. will post -0.63 earnings per share for the current year.

Hedge Funds Weigh In On Byrna Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in Byrna Technologies by 21.3% in the 1st quarter. Royal Bank of Canada now owns 23,373 shares of the company’s stock valued at $393,000 after acquiring an additional 4,108 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Byrna Technologies by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company’s stock worth $174,000 after purchasing an additional 468 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Byrna Technologies by 247.9% during the 1st quarter. Millennium Management LLC now owns 326,670 shares of the company’s stock worth $5,501,000 after purchasing an additional 232,770 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Byrna Technologies during the 1st quarter worth $173,000. Finally, Strs Ohio bought a new position in shares of Byrna Technologies in the first quarter worth $113,000. Institutional investors own 25.46% of the company’s stock.

Wall Street Analyst Weigh In

BYRN has been the topic of several research analyst reports. Craig Hallum cut shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price target on the stock. in a report on Friday, April 10th. Zacks Research downgraded Byrna Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Wall Street Zen downgraded Byrna Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. Roth Capital lowered Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 target price on the stock. in a research note on Friday, July 10th. Finally, New Street Research set a $7.50 price target on Byrna Technologies in a report on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.88.

About Byrna Technologies

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.