Byrna Technologies Inc. (NASDAQ:BYRN) Insider Sells $1,010,851.77 in Stock

Byrna Technologies Inc. (NASDAQ:BYRN) insider Luan Pham sold 33,483 shares of Byrna Technologies stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $30.19, for a total transaction of $1,010,851.77. Following the completion of the transaction, the insider now owns 19,148 shares in the company, valued at approximately $578,078.12. The trade was a 63.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Byrna Technologies Stock Down 0.1 %

Shares of Byrna Technologies stock opened at $32.80 on Monday. The company’s fifty day simple moving average is $28.48 and its two-hundred day simple moving average is $19.86. Byrna Technologies Inc. has a 12-month low of $7.79 and a 12-month high of $34.78. The firm has a market cap of $746.53 million, a PE ratio of 364.48 and a beta of 1.65.

Byrna Technologies (NASDAQ:BYRN) last posted its earnings results on Friday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.12. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%. As a group, sell-side analysts expect that Byrna Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Byrna Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP purchased a new position in Byrna Technologies during the 4th quarter valued at $25,000. Russell Investments Group Ltd. bought a new stake in shares of Byrna Technologies during the 4th quarter valued at about $29,000. Global Retirement Partners LLC purchased a new position in shares of Byrna Technologies during the fourth quarter valued at about $30,000. NCP Inc. bought a new position in Byrna Technologies in the fourth quarter worth about $37,000. Finally, nVerses Capital LLC bought a new stake in Byrna Technologies during the 3rd quarter valued at approximately $34,000. Institutional investors own 25.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Mkm reissued a “buy” rating and issued a $20.00 target price on shares of Byrna Technologies in a research note on Wednesday, October 30th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $17.75.

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.