Byrna Technologies (NASDAQ:BYRN) Director Acquires $46,400.00 in Stock

Byrna Technologies Inc. (NASDAQ:BYRN) Director Leonard Elmore acquired 10,000 shares of Byrna Technologies stock in a transaction that occurred on Thursday, August 6th. The stock was bought at an average cost of $4.64 per share, with a total value of $46,400.00. Following the acquisition, the director directly owned 60,811 shares of the company’s stock, valued at approximately $282,163.04. This trade represents a 19.68% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Byrna Technologies Price Performance

Shares of NASDAQ:BYRN opened at $4.25 on Thursday. The stock has a market cap of $96.43 million, a price-to-earnings ratio of -23.61 and a beta of 1.82. Byrna Technologies Inc. has a 12 month low of $3.16 and a 12 month high of $30.62. The stock’s 50 day moving average price is $5.10 and its 200 day moving average price is $7.80.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings results on Thursday, July 9th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.34). The business had revenue of $16.39 million during 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%. On average, sell-side analysts expect that Byrna Technologies Inc. will post -0.63 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Byrna Technologies by 4.8% in the first 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 period. Tidal Investments LLC grew its stake in shares of Byrna Technologies by 4.9% in the second 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. increased its position in Byrna Technologies by 9.9% during the second quarter. JPMorgan Chase & Co. now owns 9,110 shares of the company’s stock worth $281,000 after acquiring an additional 822 shares during the period. Russell Investments Group Ltd. raised its stake in Byrna Technologies by 89.6% during the 3rd 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 during the last quarter. Finally, Geode Capital Management LLC raised its stake in Byrna Technologies by 0.3% during the 4th 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 last quarter. 25.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BYRN shares. Roth Capital cut Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 target price on the stock. in a research note on Friday, July 10th. Wall Street Zen cut shares of Byrna Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. Zacks Research cut shares of Byrna Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Finally, B. Riley Financial lowered their price objective 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. Two investment 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.88.

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.