Geode Capital Management LLC Sells 9,341 Shares of Byrna Technologies Inc. (NASDAQ:BYRN)

Geode Capital Management LLC reduced its position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 391,432 shares of the company’s stock after selling 9,341 shares during the period. Geode Capital Management LLC owned 1.72% of Byrna Technologies worth $6,644,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BYRN. nVerses Capital LLC purchased a new stake in Byrna Technologies in the 3rd quarter valued at about $34,000. Quest Partners LLC bought a new position in shares of Byrna Technologies in the third quarter valued at approximately $46,000. Algert Global LLC bought a new position in shares of Byrna Technologies in the second quarter valued at approximately $131,000. MetLife Investment Management LLC increased its position in shares of Byrna Technologies by 129.1% during the third quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock valued at $183,000 after acquiring an additional 6,061 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Byrna Technologies by 17.5% during the second 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 during the period. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm restated a “buy” rating and issued a $20.00 price objective on shares of Byrna Technologies in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $17.75.

Byrna Technologies Stock Up 6.0 %

Shares of BYRN stock opened at $30.01 on Friday. The firm has a market cap of $682.97 million, a P/E ratio of 333.48 and a beta of 1.80. The company has a 50 day moving average of $21.75 and a 200-day moving average of $15.69. Byrna Technologies Inc. has a 12-month low of $5.36 and a 12-month high of $31.32.

Byrna Technologies (NASDAQ:BYRN) last released its earnings results on Wednesday, October 9th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $20.85 million during the quarter, compared to the consensus estimate of $20.82 million. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%. As a group, equities analysts expect that Byrna Technologies Inc. will post 0.19 EPS for the current year.

Insider Buying and Selling

In other Byrna Technologies news, CFO Laurilee Kearnes bought 2,000 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was purchased at an average price of $14.04 per share, for a total transaction of $28,080.00. Following the completion of the transaction, the chief financial officer now directly owns 2,500 shares of the company’s stock, valued at $35,100. This trade represents a 400.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 11.08% of the stock is currently owned by insiders.

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.