Byrna Technologies Inc. (NASDAQ:BYRN) Insider Sells $41,674.50 in Stock

Byrna Technologies Inc. (NASDAQ:BYRN) insider Lisa Wager sold 2,450 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $17.01, for a total value of $41,674.50. Following the completion of the sale, the insider now directly owns 224,555 shares in the company, valued at $3,819,680.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Lisa Wager also recently made the following trade(s):

• On Thursday, September 12th, Lisa Wager sold 50 shares of Byrna Technologies stock. The stock was sold at an average price of $17.01, for a total value of $850.50.
• On Wednesday, September 4th, Lisa Wager sold 20,000 shares of Byrna Technologies stock. The stock was sold at an average price of $13.50, for a total transaction of $270,000.00.

Byrna Technologies Stock Performance

BYRN stock opened at $15.07 on Friday. The company has a market cap of $343.29 million, a price-to-earnings ratio of -107.64 and a beta of 1.67. The business’s 50-day moving average is $11.27 and its two-hundred day moving average is $11.86. Byrna Technologies Inc. has a fifty-two week low of $2.19 and a fifty-two week high of $17.25.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings data on Tuesday, July 9th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.10. Byrna Technologies had a negative net margin of 4.74% and a negative return on equity of 6.34%. The firm had revenue of $20.27 million for the quarter, compared to analysts’ expectations of $20.29 million. Equities analysts predict that Byrna Technologies Inc. will post 0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BYRN shares. Roth Mkm initiated coverage on shares of Byrna Technologies in a report on Wednesday, August 28th. They issued a “buy” rating and a $14.00 target price for the company. Roth Capital upgraded Byrna Technologies to a “strong-buy” rating in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Byrna Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $15.75.

Hedge Funds Weigh In On Byrna Technologies

A number of institutional investors have recently bought and sold shares of the stock. Algert Global LLC purchased a new stake in Byrna Technologies in the second quarter worth about $131,000. Hamilton Wealth LLC bought a new position in shares of Byrna Technologies during the 1st quarter valued at approximately $146,000. Dimensional Fund Advisors LP increased its holdings in Byrna Technologies by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock worth $200,000 after acquiring an additional 2,976 shares in the last quarter. Rhumbline Advisers bought a new stake in Byrna Technologies during the 2nd quarter worth approximately $205,000. Finally, XTX Topco Ltd purchased a new position in Byrna Technologies during the second quarter valued at approximately $408,000. 25.46% of the stock is owned by institutional investors.

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.