PNC Financial Services Group Inc. Sells 11,831 Shares of Byrna Technologies Inc. (NASDAQ:BYRN)

PNC Financial Services Group Inc. reduced its position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 61.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,468 shares of the company’s stock after selling 11,831 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Byrna Technologies were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of Byrna Technologies by 47.9% during the 3rd quarter. FMR LLC now owns 1,694,610 shares of the company’s stock worth $28,758,000 after buying an additional 548,670 shares during the period. Barclays PLC grew its holdings in Byrna Technologies by 321.5% during the 3rd quarter. Barclays PLC now owns 24,719 shares of the company’s stock worth $419,000 after acquiring an additional 18,855 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Byrna Technologies by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,958 shares of the company’s stock valued at $865,000 after acquiring an additional 2,021 shares during the last quarter. State Street Corp lifted its stake in shares of Byrna Technologies by 36.9% in the 3rd quarter. State Street Corp now owns 314,315 shares of the company’s stock valued at $5,334,000 after purchasing an additional 84,723 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Byrna Technologies in the 4th quarter worth $616,000. 25.46% of the stock is currently owned by institutional investors and hedge funds.

Byrna Technologies Stock Performance

Shares of NASDAQ BYRN opened at $18.21 on Monday. The firm has a 50 day moving average price of $26.77 and a 200 day moving average price of $22.22. The stock has a market cap of $412.40 million, a P/E ratio of 33.72 and a beta of 1.64. Byrna Technologies Inc. has a 52-week low of $7.79 and a 52-week high of $34.78.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings data on Friday, February 7th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.12. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. Analysts predict that Byrna Technologies Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Roth Mkm reiterated a “buy” rating and issued a $33.00 price objective on shares of Byrna Technologies in a report on Thursday.

Insider Transactions at Byrna Technologies

In other news, insider Luan Pham sold 33,483 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $30.19, for a total transaction of $1,010,851.77. Following the completion of the sale, the insider now owns 19,148 shares of the company’s stock, valued at $578,078.12. This represents a 63.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa Wager sold 12,500 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $29.38, for a total transaction of $367,250.00. Following the completion of the sale, the insider now directly owns 212,055 shares in the company, valued at $6,230,175.90. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.