Byrna Technologies Inc. (NASDAQ:BYRN) Insider Lisa Wager Sells 20,000 Shares

Byrna Technologies Inc. (NASDAQ:BYRN) insider Lisa Wager sold 20,000 shares of Byrna Technologies stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $13.50, for a total transaction of $270,000.00. Following the sale, the insider now owns 229,555 shares in the company, valued at $3,098,992.50. The sale was disclosed in a document filed with the SEC, which is available through this link.

Byrna Technologies Stock Performance

Shares of NASDAQ:BYRN opened at $14.35 on Monday. Byrna Technologies Inc. has a one year low of $2.19 and a one year high of $15.49. The company has a 50-day simple moving average of $10.36 and a 200-day simple moving average of $11.66. The stock has a market capitalization of $326.89 million, a price-to-earnings ratio of -102.50 and a beta of 1.67.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings data on Tuesday, July 9th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.10. The company had revenue of $20.27 million during the quarter, compared to analysts’ expectations of $20.29 million. Byrna Technologies had a negative return on equity of 6.34% and a negative net margin of 4.74%. As a group, research analysts forecast that Byrna Technologies Inc. will post 0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Byrna Technologies

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of 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 acquiring an additional 14,755 shares in the last quarter. Wealthspire Advisors LLC boosted its holdings in Byrna Technologies by 1.8% in the 1st 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 in the last quarter. Millennium Management LLC increased its position in Byrna Technologies by 53.5% during the 2nd quarter. Millennium Management LLC now owns 321,915 shares of the company’s stock worth $3,213,000 after purchasing an additional 112,262 shares during the period. Divisadero Street Capital Management LP purchased a new position in shares of Byrna Technologies during the 2nd quarter worth approximately $2,693,000. Finally, M&T Bank Corp lifted its holdings in shares of Byrna Technologies by 48.2% in the 4th quarter. M&T Bank Corp now owns 166,042 shares of the company’s stock valued at $1,062,000 after buying an additional 54,028 shares during the period. 25.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BYRN. Roth Mkm assumed coverage on Byrna Technologies in a research report on Wednesday, August 28th. They set a “buy” rating and a $14.00 target price on the stock. Roth Capital raised Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.75.

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.