Conn Davis Purchases 3,340 Shares of Byrna Technologies (NASDAQ:BYRN) Stock

Byrna Technologies Inc. (NASDAQ:BYRN) CEO Conn Davis acquired 3,340 shares of Byrna Technologies stock in a transaction on Thursday, July 23rd. The shares were purchased at an average cost of $3.51 per share, for a total transaction of $11,723.40. Following the acquisition, the chief executive officer owned 22,198 shares in the company, valued at approximately $77,914.98. This represents a 17.71% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Byrna Technologies Stock Performance

NASDAQ BYRN opened at $4.33 on Thursday. The stock has a fifty day moving average of $5.37 and a 200-day moving average of $8.65. The stock has a market capitalization of $98.25 million, a P/E ratio of -24.06 and a beta of 1.80. Byrna Technologies Inc. has a 52 week low of $3.16 and a 52 week high of $30.62.

Byrna Technologies (NASDAQ:BYRN) last issued 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). The firm had revenue of $16.39 million for the quarter, compared to analyst estimates of $22.32 million. Byrna Technologies had a negative net margin of 3.39% and a negative return on equity of 5.85%. Equities research analysts forecast that Byrna Technologies Inc. will post -0.63 earnings per share for the current fiscal year.

Byrna Technologies News Roundup

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 Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Craig Hallum downgraded shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price on the stock. in a research report on Friday, April 10th. New Street Research set a $7.50 price target on shares of Byrna Technologies in a research note on Friday, April 10th. Zacks Research lowered shares of Byrna Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Wall Street Zen cut shares of Byrna Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Finally, B. Riley Financial lowered their target price on shares of Byrna Technologies from $21.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $7.88.

Hedge Funds Weigh In On Byrna Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Byrna Technologies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company’s stock valued at $174,000 after acquiring an additional 468 shares during the last quarter. Tidal Investments LLC boosted its stake in Byrna Technologies by 4.9% during the 2nd quarter. Tidal Investments LLC now owns 12,363 shares of the company’s stock worth $382,000 after acquiring an additional 576 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Byrna Technologies by 9.9% during the second quarter. JPMorgan Chase & Co. now owns 9,110 shares of the company’s stock valued at $281,000 after purchasing an additional 822 shares during the period. Russell Investments Group Ltd. increased its stake in Byrna Technologies by 89.6% in the third quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock valued at $49,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Byrna Technologies by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 440,843 shares of the company’s stock worth $7,403,000 after purchasing an additional 1,126 shares during the period. Institutional investors own 25.46% of the company’s stock.

Byrna Technologies Company Profile

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.