Byrna Technologies Inc. (NASDAQ:BYRN) Insider Sells $93,412.93 in Stock

Byrna Technologies Inc. (NASDAQ:BYRN) insider Lisa Wager sold 8,333 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $11.21, for a total transaction of $93,412.93. Following the completion of the transaction, the insider now directly owns 257,887 shares of the company’s stock, valued at approximately $2,890,913.27. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Byrna Technologies Price Performance

Shares of BYRN opened at $10.99 on Friday. Byrna Technologies Inc. has a 1-year low of $2.19 and a 1-year high of $15.34. The firm has a fifty day moving average price of $13.24 and a 200 day moving average price of $9.51.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings data on Friday, April 5th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.12. The company had revenue of $16.65 million for the quarter, compared to analyst estimates of $16.65 million. Byrna Technologies had a negative net margin of 11.83% and a negative return on equity of 13.16%. As a group, equities analysts expect that Byrna Technologies Inc. will post -0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Spartan Fund Management Inc. acquired a new position in Byrna Technologies in the fourth quarter valued at $32,000. Wealthspire Advisors LLC increased its stake in Byrna Technologies by 1.8% in the first quarter. Wealthspire Advisors LLC now owns 553,079 shares of the company’s stock valued at $7,704,000 after purchasing an additional 10,000 shares during the period. Vanguard Group Inc. increased its stake in Byrna Technologies by 1.9% in the first quarter. Vanguard Group Inc. now owns 800,051 shares of the company’s stock valued at $11,145,000 after purchasing an additional 14,755 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Byrna Technologies by 55.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 56,707 shares of the company’s stock worth $127,000 after acquiring an additional 20,138 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of Byrna Technologies by 33.3% during the third quarter. Federated Hermes Inc. now owns 160,000 shares of the company’s stock worth $358,000 after acquiring an additional 40,000 shares during the period. 25.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on BYRN. TheStreet raised shares of Byrna Technologies from a “d+” rating to a “c-” rating in a research report on Thursday, March 7th. LADENBURG THALM/SH SH lifted their price objective on shares of Byrna Technologies from $12.75 to $16.25 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, B. Riley reaffirmed a “buy” rating and set a $17.00 price objective (up from $14.00) on shares of Byrna Technologies in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Byrna Technologies has an average rating of “Moderate Buy” and an average target price of $13.50.

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.