Byrna Technologies (NASDAQ:BYRN) CEO Acquires $11,723.40 in Stock

Byrna Technologies Inc. (NASDAQ:BYRN – Get Free Report) CEO Conn Davis bought 3,340 shares of the firm’s stock in a transaction on Thursday, July 23rd. The stock was bought at an average price of $3.51 per share, with a total value of $11,723.40. Following the completion of the purchase, the chief executive officer owned 22,198 shares of the company’s stock, valued at $77,914.98. This trade represents a 17.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Byrna Technologies Stock Down 3.8%

Shares of NASDAQ:BYRN traded down $0.15 during trading on Tuesday, hitting $3.98. 1,730,566 shares of the company traded hands, compared to its average volume of 621,319. The business’s fifty day moving average is $5.41 and its 200-day moving average is $8.84. The stock has a market capitalization of $90.20 million, a price-to-earnings ratio of -22.06 and a beta of 1.80. Byrna Technologies Inc. has a one year low of $3.16 and a one year high of $30.62.

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Byrna Technologies (NASDAQ:BYRN – Get Free Report) last announced 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). Byrna Technologies had a negative return on equity of 5.85% and a negative net margin of 3.39%.The company had revenue of $16.39 million during the quarter, compared to the consensus estimate of $22.32 million. On average, analysts forecast that Byrna Technologies Inc. will post -0.63 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Emerald Mutual Fund Advisers Trust grew its position in Byrna Technologies by 184.9% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 320,151 shares of the company’s stock valued at $2,939,000 after buying an additional 207,781 shares in the last quarter. AIGH Capital Management LLC acquired a new position in Byrna Technologies during the 4th quarter valued at about $6,630,000. UBS Group AG raised its position in shares of Byrna Technologies by 35.8% during the 4th quarter. UBS Group AG now owns 520,616 shares of the company’s stock worth $8,741,000 after buying an additional 137,260 shares in the last quarter. Penn Capital Management Company LLC acquired a new stake in shares of Byrna Technologies in the 4th quarter worth approximately $2,785,000. Finally, Emerald Advisers LLC boosted its holdings in shares of Byrna Technologies by 165.7% in the first quarter. Emerald Advisers LLC now owns 432,626 shares of the company’s stock valued at $3,972,000 after acquiring an additional 269,817 shares in the last quarter. Institutional investors own 25.46% of the company’s stock.

Analyst Upgrades and Downgrades

BYRN has been the subject of several recent research reports. Craig Hallum lowered shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price target for the company. in a research report on Friday, April 10th. Zacks Research downgraded shares of Byrna Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Wall Street Zen lowered shares of Byrna Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. New Street Research set a $7.50 target price on shares of Byrna Technologies in a research report on Friday, April 10th. Finally, Roth Capital lowered shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price target on the stock. in a research note on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $7.88.

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About Byrna Technologies

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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.

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