Byrna Technologies (NASDAQ:BYRN) CEO Conn Davis Purchases 3,340 Shares

Byrna Technologies Inc. (NASDAQ:BYRN) CEO Conn Davis purchased 3,340 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The shares were purchased at an average cost of $3.51 per share, with a total value of $11,723.40. Following the completion of the purchase, the chief executive officer owned 22,198 shares in the company, valued at $77,914.98. This trade represents a 17.71% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Byrna Technologies Price Performance

Byrna Technologies stock opened at $3.97 on Wednesday. Byrna Technologies Inc. has a 1-year low of $3.16 and a 1-year high of $30.62. The firm has a market capitalization of $90.08 million, a P/E ratio of -22.06 and a beta of 1.80. The company’s 50-day moving average is $5.39 and its 200 day moving average is $8.74.

Byrna Technologies (NASDAQ:BYRN) last announced its earnings results on Thursday, July 9th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.34). The business had revenue of $16.39 million for the quarter, compared to analysts’ expectations of $22.32 million. Byrna Technologies had a negative net margin of 3.39% and a negative return on equity of 5.85%. Research analysts anticipate that Byrna Technologies Inc. will post -0.63 earnings per share for the current fiscal year.

Key Headlines Impacting Byrna Technologies

Here are the key news stories impacting Byrna Technologies this week:

• Positive Sentiment: Company insiders made substantial open-market purchases. CEO Conn Davis bought 22,108 shares for approximately $76,661, Chairman Tj Kennedy purchased 29,000 shares worth about $102,370, CFO Laurilee Kearnes bought 2,000 shares, and Director Chris Lavern Reed acquired 8,150 shares. Collectively, insiders purchased roughly 61,258 shares for more than $215,000, suggesting that several executives and directors view the depressed valuation as attractive. Insider buying report
• Positive Sentiment: Institutional ownership activity was generally constructive in the first quarter. Millennium Management increased its position by nearly 248%, while Royal Bank of Canada and Mirae Asset also added shares; institutions and hedge funds collectively own about 25.5% of BYRN. Institutional ownership report
• Neutral Sentiment: Despite recent downgrades, the analyst consensus remains “Moderate Buy,” with a consensus price target of $7.88—well above the current trading range. However, targets vary widely, reflecting considerable uncertainty about Byrna’s outlook. Analyst ratings report
• Negative Sentiment: Byrna’s latest quarterly results missed expectations by a wide margin. The company reported a loss of $0.44 per share versus the expected $0.10 loss, while revenue of $16.39 million fell short of the $22.32 million consensus estimate. Analysts expect another full-year loss, with projected EPS of negative $0.63. Byrna earnings and outlook report
• Negative Sentiment: Several analysts recently reduced their ratings or price targets, including Roth Capital, Craig Hallum, Wall Street Zen and Zacks Research. B. Riley also cut its target from $21 to $12, while Roth moved to “Neutral” with a $4.50 target, reinforcing concerns about slowing growth and ongoing losses. Analyst downgrade report

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BYRN shares. Wall Street Zen lowered Byrna Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Zacks Research lowered shares of Byrna Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Roth Capital cut shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price target on the stock. in a report on Friday, July 10th. Craig Hallum downgraded shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price target on the stock. in a research note on Friday, April 10th. Finally, B. Riley Financial decreased their price objective on shares of Byrna Technologies from $21.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Byrna Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.88.

Institutional Investors Weigh In On Byrna Technologies

Several large investors have recently modified their holdings of the business. Royal Bank of Canada lifted its position in shares of Byrna Technologies by 21.3% in the 1st quarter. Royal Bank of Canada now owns 23,373 shares of the company’s stock worth $393,000 after purchasing an additional 4,108 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Byrna Technologies by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company’s stock valued at $174,000 after buying an additional 468 shares during the period. Millennium Management LLC increased its holdings in Byrna Technologies by 247.9% during the first quarter. Millennium Management LLC now owns 326,670 shares of the company’s stock valued at $5,501,000 after buying an additional 232,770 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Byrna Technologies in the first quarter worth approximately $173,000. Finally, Strs Ohio bought a new position in Byrna Technologies in the first quarter worth approximately $113,000. Institutional investors own 25.46% of the company’s stock.

Byrna Technologies Company Profile

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO₂-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.