Insider Buying: Byrna Technologies Inc. (NASDAQ:BYRN) COO Buys 728 Shares of Stock

Byrna Technologies Inc. (NASDAQ:BYRN) COO John Brasseur acquired 728 shares of the business’s stock in a transaction on Tuesday, April 15th. The stock was acquired at an average cost of $20.19 per share, for a total transaction of $14,698.32. Following the transaction, the chief operating officer now directly owns 9,068 shares in the company, valued at $183,082.92. The trade was a 8.73 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Byrna Technologies Stock Up 2.1 %

NASDAQ:BYRN traded up $0.44 during midday trading on Friday, hitting $21.78. The stock had a trading volume of 538,653 shares, compared to its average volume of 475,632. The stock has a 50-day moving average of $21.93 and a 200 day moving average of $22.31. The company has a market capitalization of $493.69 million, a price-to-earnings ratio of 40.33 and a beta of 2.19. Byrna Technologies Inc. has a one year low of $7.79 and a one year high of $34.78.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings results on Thursday, April 10th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.02 by $0.05. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. The business had revenue of $26.19 million during the quarter, compared to analyst estimates of $23.26 million. On average, sell-side analysts anticipate that Byrna Technologies Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Trading of Byrna Technologies

A number of hedge funds have recently bought and sold shares of the stock. Capital Research Global Investors bought a new position in shares of Byrna Technologies in the 4th quarter worth $47,203,000. Driehaus Capital Management LLC bought a new position in Byrna Technologies in the fourth quarter worth about $9,304,000. Invesco Ltd. raised its holdings in Byrna Technologies by 72.4% in the fourth quarter. Invesco Ltd. now owns 697,655 shares of the company’s stock worth $20,099,000 after purchasing an additional 293,049 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Byrna Technologies by 1,039.5% during the fourth quarter. Nuveen Asset Management LLC now owns 266,239 shares of the company’s stock valued at $7,670,000 after buying an additional 242,875 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Byrna Technologies in the 4th quarter valued at about $2,741,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Analyst Ratings Changes

Separately, Roth Mkm reiterated a “buy” rating and set a $33.00 price objective on shares of Byrna Technologies in a report on Thursday, March 20th.

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.