Byrna Technologies (NASDAQ:BYRN) Director Chris Lavern Reed Purchases 8,150 Shares

Byrna Technologies Inc. (NASDAQ:BYRN) Director Chris Lavern Reed purchased 8,150 shares of Byrna Technologies stock in a transaction dated Friday, July 24th. The stock was bought at an average price of $3.63 per share, with a total value of $29,584.50. Following the completion of the purchase, the director directly owned 61,720 shares of the company’s stock, valued at approximately $224,043.60. This trade represents a 15.21% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Byrna Technologies Stock Down 3.9%

Shares of Byrna Technologies stock opened at $3.97 on Wednesday. The company has a market cap of $90.08 million, a price-to-earnings 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 Inc. has a twelve month low of $3.16 and a twelve month high of $30.62.

Byrna Technologies (NASDAQ:BYRN) last issued 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). Byrna Technologies had a negative return on equity of 5.85% and a negative net margin of 3.39%.The company had revenue of $16.39 million during the quarter, compared to analysts’ expectations of $22.32 million. Sell-side analysts expect that Byrna Technologies Inc. will post -0.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on BYRN. Wall Street Zen lowered Byrna Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. New Street Research set a $7.50 target price on Byrna Technologies in a report on Friday, April 10th. Zacks Research cut Byrna Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Roth Capital downgraded Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price target for the company. in a research note on Friday, July 10th. Finally, Craig Hallum lowered shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price target for the company. in a research report on Friday, April 10th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $7.88.

Key Stories 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

Hedge Funds Weigh In On Byrna Technologies

A number of hedge funds have recently modified their holdings of the company. Arkadios Wealth Advisors purchased a new stake in shares of Byrna Technologies in the first quarter worth $214,000. Maverick Capital Ltd. raised its position in shares of Byrna Technologies by 57.3% during the 1st quarter. Maverick Capital Ltd. now owns 18,430 shares of the company’s stock valued at $169,000 after purchasing an additional 6,715 shares during the period. Quantinno Capital Management LP lifted its stake in shares of Byrna Technologies by 125.7% during the 1st quarter. Quantinno Capital Management LP now owns 43,340 shares of the company’s stock valued at $398,000 after buying an additional 24,141 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Byrna Technologies by 496.5% during the 1st quarter. Renaissance Technologies LLC now owns 382,327 shares of the company’s stock valued at $3,510,000 after buying an additional 318,227 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Byrna Technologies by 9.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 289,720 shares of the company’s stock worth $2,659,000 after buying an additional 25,188 shares during the period. 25.46% of the stock is currently owned by institutional investors.

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.