Byrna Technologies (NASDAQ:BYRN) Price Target Raised to $20.00

Byrna Technologies (NASDAQ:BYRN) had its target price lifted by Roth Mkm from $17.00 to $20.00 in a research report report published on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Roth Capital upgraded Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, August 28th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $17.75.

Byrna Technologies Trading Up 8.9 %

Shares of NASDAQ:BYRN opened at $16.61 on Friday. The company has a 50 day moving average of $14.29 and a 200-day moving average of $12.41. The firm has a market cap of $378.33 million, a P/E ratio of -118.64 and a beta of 1.69. Byrna Technologies has a twelve month low of $3.86 and a twelve month high of $19.42.

Insider Transactions at Byrna Technologies

In related news, CEO Bryan Ganz sold 17,442 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $15.40, for a total transaction of $268,606.80. Following the completion of the sale, the chief executive officer now directly owns 460,617 shares of the company’s stock, valued at $7,093,501.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman Herbert Hughes sold 6,500 shares of Byrna Technologies stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $15.08, for a total value of $98,020.00. Following the transaction, the chairman now owns 122,089 shares of the company’s stock, valued at approximately $1,841,102.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Bryan Ganz sold 17,442 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $15.40, for a total value of $268,606.80. Following the sale, the chief executive officer now owns 460,617 shares in the company, valued at approximately $7,093,501.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,416 shares of company stock valued at $820,581 in the last quarter. Insiders own 8.44% of the company’s stock.

Institutional Investors Weigh In On Byrna Technologies

A number of large investors have recently made changes to their positions in BYRN. Cubist Systematic Strategies LLC boosted its stake in Byrna Technologies by 145.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 76,202 shares of the company’s stock worth $760,000 after purchasing an additional 45,118 shares during the period. XTX Topco Ltd acquired a new stake in shares of Byrna Technologies in the second quarter worth $408,000. Bank of New York Mellon Corp grew its holdings in shares of Byrna Technologies by 68.8% during the second quarter. Bank of New York Mellon Corp now owns 146,607 shares of the company’s stock valued at $1,463,000 after buying an additional 59,738 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Byrna Technologies during the second quarter valued at $786,000. Finally, Squarepoint Ops LLC purchased a new stake in Byrna Technologies in the 2nd quarter worth about $466,000. 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.