Insider Selling: Byrna Technologies Inc. (NASDAQ:BYRN) Insider Sells 2,450 Shares of Stock

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

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 value of $270,000.00.

Byrna Technologies Trading Up 5.7 %

Shares of NASDAQ BYRN traded up $0.90 during midday trading on Wednesday, reaching $16.62. 982,421 shares of the company were exchanged, compared to its average volume of 253,030. Byrna Technologies Inc. has a 1 year low of $2.19 and a 1 year high of $17.25. The stock has a fifty day simple moving average of $11.13 and a 200 day simple moving average of $11.83. The stock has a market cap of $378.60 million, a P/E ratio of -118.71 and a beta of 1.67.

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

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Roth Mkm assumed coverage on Byrna Technologies in a report on Wednesday, August 28th. They set a “buy” rating and a $14.00 price objective on the stock. Roth Capital raised Byrna Technologies to a “strong-buy” rating in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Byrna Technologies presently has an average rating of “Moderate Buy” and an average target price of $15.75.

Institutional Investors Weigh In On Byrna Technologies

A number of hedge funds have recently added to or reduced their stakes in BYRN. Vanguard Group Inc. lifted its position in shares of Byrna Technologies by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 800,051 shares of the company’s stock valued at $11,145,000 after acquiring an additional 14,755 shares during the period. Wealthspire Advisors LLC raised its position in shares of Byrna Technologies by 1.8% during the 1st quarter. Wealthspire Advisors LLC now owns 553,079 shares of the company’s stock worth $7,704,000 after purchasing an additional 10,000 shares during the last quarter. Millennium Management LLC raised its position in shares of Byrna Technologies by 53.5% during the 2nd quarter. Millennium Management LLC now owns 321,915 shares of the company’s stock worth $3,213,000 after purchasing an additional 112,262 shares during the last quarter. Divisadero Street Capital Management LP acquired a new position in shares of Byrna Technologies during the 2nd quarter worth approximately $2,693,000. Finally, Bank of New York Mellon Corp raised its position in shares of Byrna Technologies by 68.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 146,607 shares of the company’s stock worth $1,463,000 after purchasing an additional 59,738 shares during the last quarter. Institutional investors and hedge funds own 25.46% of the company’s stock.

Byrna Technologies Company Profile

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.