Insider Selling: Byrna Technologies Inc. (NASDAQ:BYRN) CEO Sells 5,495 Shares of Stock

Byrna Technologies Inc. (NASDAQ:BYRN) CEO Bryan Ganz sold 5,495 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $17.41, for a total value of $95,667.95. Following the completion of the transaction, the chief executive officer now directly owns 432,564 shares of the company’s stock, valued at approximately $7,530,939.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Bryan Ganz also recently made the following trade(s):

• On Monday, September 23rd, Bryan Ganz sold 1 shares of Byrna Technologies stock. The shares were sold at an average price of $17.40, for a total transaction of $17.40.
• On Thursday, September 5th, Bryan Ganz sold 17,442 shares of Byrna Technologies stock. The stock was sold at an average price of $15.40, for a total transaction of $268,606.80.

Byrna Technologies Trading Up 9.1 %

Byrna Technologies stock traded up $1.53 during mid-day trading on Tuesday, reaching $18.30. The company had a trading volume of 795,040 shares, compared to its average volume of 263,588. The business has a fifty day simple moving average of $11.64 and a 200 day simple moving average of $11.96. The company has a market cap of $416.82 million, a P/E ratio of -130.71 and a beta of 1.67. Byrna Technologies Inc. has a fifty-two week low of $2.19 and a fifty-two week high of $18.44.

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

Institutional Trading of Byrna Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in BYRN. Hamilton Wealth LLC bought a new position in Byrna Technologies in the 1st quarter valued at approximately $146,000. Algert Global LLC bought a new stake in Byrna Technologies during the 2nd quarter worth approximately $131,000. Dimensional Fund Advisors LP increased its position in Byrna Technologies by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock valued at $200,000 after acquiring an additional 2,976 shares during the period. Rhumbline Advisers bought a new position in shares of Byrna Technologies during the second quarter valued at $205,000. Finally, XTX Topco Ltd acquired a new position in shares of Byrna Technologies during the second quarter worth $408,000. 25.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on BYRN shares. Roth Capital upgraded shares of Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, August 28th. Roth Mkm began coverage on Byrna Technologies in a research report on Wednesday, August 28th. They set a “buy” rating and a $14.00 price objective for the company. Two 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 company’s stock. Based on data from MarketBeat.com, Byrna Technologies currently has an average rating of “Moderate Buy” and an average target price of $15.75.

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.