Byrna Technologies (NASDAQ:BYRN) CEO Acquires $64,937.28 in Stock

Byrna Technologies Inc. (NASDAQ:BYRN) CEO Conn Davis purchased 18,768 shares of the business’s stock in a transaction on Wednesday, July 22nd. The stock was acquired at an average cost of $3.46 per share, with a total value of $64,937.28. Following the completion of the acquisition, the chief executive officer directly owned 18,768 shares in the company, valued at $64,937.28. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Byrna Technologies Price Performance

Shares of BYRN opened at $4.56 on Friday. The stock has a market capitalization of $103.47 million, a P/E ratio of -25.33 and a beta of 1.80. Byrna Technologies Inc. has a 12-month low of $3.16 and a 12-month high of $30.62. The firm’s 50 day moving average is $5.35 and its 200-day moving average is $8.56.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly 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 company had revenue of $16.39 million during the quarter, compared to the consensus estimate of $22.32 million. Byrna Technologies had a negative net margin of 3.39% and a negative return on equity of 5.85%. As a group, equities research analysts forecast that Byrna Technologies Inc. will post -0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Byrna Technologies

Several large investors have recently made changes to their positions in BYRN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Byrna Technologies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company’s stock valued at $174,000 after acquiring an additional 468 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Byrna Technologies by 4.9% during the 2nd quarter. Tidal Investments LLC now owns 12,363 shares of the company’s stock worth $382,000 after purchasing an additional 576 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Byrna Technologies by 9.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,110 shares of the company’s stock valued at $281,000 after purchasing an additional 822 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Byrna Technologies by 89.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock valued at $49,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Byrna Technologies by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 440,843 shares of the company’s stock valued at $7,403,000 after purchasing an additional 1,126 shares during the last quarter. 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.