Byrna Technologies (NASDAQ:BYRN) CEO Purchases 18,768 Shares of Stock

Byrna Technologies Inc. (NASDAQ:BYRN) CEO Conn Davis purchased 18,768 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were purchased 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 owned 18,768 shares of the company’s stock, valued at approximately $64,937.28. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Byrna Technologies Stock Down 4.5%

Shares of BYRN traded down $0.18 on Tuesday, hitting $3.94. 1,717,531 shares of the stock traded hands, compared to its average volume of 621,319. Byrna Technologies Inc. has a 1 year low of $3.16 and a 1 year high of $30.62. The stock’s 50 day moving average is $5.41 and its two-hundred day moving average is $8.84. The firm has a market capitalization of $89.52 million, a P/E ratio of -21.92 and a beta of 1.80.

Byrna Technologies (NASDAQ:BYRN) last released its earnings results on Thursday, July 9th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.34). The firm had revenue of $16.39 million during the quarter, compared to analysts’ expectations of $22.32 million. Byrna Technologies had a negative return on equity of 5.85% and a negative net margin of 3.39%. Research analysts forecast that Byrna Technologies Inc. will post -0.63 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BYRN. Arkadios Wealth Advisors acquired a new stake in Byrna Technologies during the first quarter valued at $214,000. Maverick Capital Ltd. boosted its position in Byrna Technologies by 57.3% during the first quarter. Maverick Capital Ltd. now owns 18,430 shares of the company’s stock worth $169,000 after purchasing an additional 6,715 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Byrna Technologies by 125.7% in the first quarter. Quantinno Capital Management LP now owns 43,340 shares of the company’s stock valued at $398,000 after purchasing an additional 24,141 shares during the period. Renaissance Technologies LLC raised its stake in shares of Byrna Technologies by 496.5% during the 1st quarter. Renaissance Technologies LLC now owns 382,327 shares of the company’s stock worth $3,510,000 after buying an additional 318,227 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Byrna Technologies by 9.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 289,720 shares of the company’s stock valued at $2,659,000 after buying an additional 25,188 shares in the last quarter. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BYRN shares. Wall Street Zen lowered Byrna Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Roth Capital lowered Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price target on the stock. in a research note on Friday, July 10th. Craig Hallum cut Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price target for the company. in a report on Friday, April 10th. B. Riley Financial dropped their price objective on shares of Byrna Technologies from $21.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Zacks Research lowered shares of Byrna Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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 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.