Tj Kennedy Buys 29,000 Shares of Byrna Technologies (NASDAQ:BYRN) Stock

Byrna Technologies Inc. (NASDAQ:BYRN) Chairman Tj Kennedy acquired 29,000 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The shares were purchased at an average price of $3.53 per share, with a total value of $102,370.00. Following the acquisition, the chairman owned 29,000 shares of the company’s stock, valued at approximately $102,370. This represents a ∞ 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 hyperlink.

Byrna Technologies Stock Up 9.1%

Shares of BYRN opened at $4.33 on Thursday. The business’s fifty day moving average is $5.37 and its 200 day moving average is $8.65. Byrna Technologies Inc. has a 12-month low of $3.16 and a 12-month high of $30.62. The stock has a market cap of $98.25 million, a P/E ratio of -24.06 and a beta of 1.80.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings results on Thursday, July 9th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.34). Byrna Technologies had a negative net margin of 3.39% and a negative return on equity of 5.85%. The business had revenue of $16.39 million for the quarter, compared to the consensus estimate of $22.32 million. On average, analysts expect that Byrna Technologies Inc. will post -0.63 EPS for the current year.

Institutional Investors Weigh In On Byrna Technologies

Several hedge funds have recently bought and sold shares of the business. State Street Corp increased its holdings in shares of Byrna Technologies by 5.8% in the 4th quarter. State Street Corp now owns 987,936 shares of the company’s stock worth $16,587,000 after purchasing an additional 54,555 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Byrna Technologies by 32.7% during the fourth quarter. Millennium Management LLC now owns 893,268 shares of the company’s stock valued at $14,998,000 after purchasing an additional 220,130 shares during the last quarter. UBS Group AG raised its holdings in shares of Byrna Technologies by 35.8% during the fourth quarter. UBS Group AG now owns 520,616 shares of the company’s stock valued at $8,741,000 after purchasing an additional 137,260 shares during the last quarter. Geode Capital Management LLC lifted its position in Byrna Technologies by 0.3% during the fourth 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 period. Finally, Pinnacle Associates Ltd. lifted its position in Byrna Technologies by 401.3% during the fourth quarter. Pinnacle Associates Ltd. now owns 438,292 shares of the company’s stock valued at $7,359,000 after purchasing an additional 350,861 shares during the period. Institutional investors own 25.46% of the company’s stock.

More Byrna Technologies News

Here are the key news stories impacting Byrna Technologies this week:

• Positive Sentiment: Company insiders collectively purchased approximately 61,258 shares for more than $215,000. Chairman Tj Kennedy bought 29,000 shares, CEO Conn Davis purchased 22,108 shares across two transactions, Director Chris Lavern Reed acquired 8,150 shares, and CFO Laurilee Kearnes bought 2,000 shares. The purchases, made at roughly $3.42 to $3.63 per share, suggest management and directors view the depressed valuation as attractive. Insider buying report
• Neutral Sentiment: Analyst views remain mixed. The consensus rating is “Moderate Buy,” with an average price target of $7.88, but recent target reductions and downgrades indicate substantial uncertainty surrounding Byrna’s growth prospects. Analyst ratings report
• Negative Sentiment: Byrna’s latest quarterly results significantly missed expectations. The company reported a loss of $0.44 per share versus the anticipated $0.10 loss, while revenue of $16.39 million was below the $22.32 million consensus estimate. Analysts expect the company to remain unprofitable for the full year, with projected EPS of negative $0.63. Byrna earnings report
• Negative Sentiment: Recent research actions included B. Riley cutting its price target from $21 to $12, Roth Capital downgrading the stock to “Neutral” with a $4.50 target, and Zacks Research assigning a “Strong Sell” rating. These actions underscore continuing concerns about slowing sales and losses.

Analyst Ratings Changes

BYRN has been the topic of a number of recent analyst reports. B. Riley Financial dropped their price target on shares of Byrna Technologies from $21.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Roth Capital cut Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price objective on the stock. in a research note on Friday, July 10th. New Street Research set a $7.50 target price on Byrna Technologies in a research report on Friday, April 10th. Zacks Research lowered shares of Byrna Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Finally, Wall Street Zen lowered shares of Byrna Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $7.88.

About Byrna Technologies

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.