Insider Selling: Byrna Technologies Inc. (NASDAQ:BYRN) CEO Sells $45,743.88 in Stock

Byrna Technologies Inc. (NASDAQ:BYRN) CEO Bryan Ganz sold 2,478 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $18.46, for a total value of $45,743.88. Following the completion of the sale, the chief executive officer now directly owns 398,059 shares in the company, valued at approximately $7,348,169.14. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Bryan Ganz also recently made the following trade(s):

• On Monday, September 23rd, Bryan Ganz sold 1 shares of Byrna Technologies stock. The shares were sold at an average price of $17.40, for a total value of $17.40.
• On Friday, September 20th, Bryan Ganz sold 5,495 shares of Byrna Technologies stock. The stock was sold at an average price of $17.41, for a total value of $95,667.95.
• On Thursday, September 5th, Bryan Ganz sold 17,442 shares of Byrna Technologies stock. The stock was sold at an average price of $15.40, for a total value of $268,606.80.

Byrna Technologies Stock Up 5.4 %

Byrna Technologies stock opened at $17.63 on Monday. The business’s 50-day simple moving average is $12.26 and its 200 day simple moving average is $12.13. The stock has a market cap of $401.56 million, a price-to-earnings ratio of -125.93 and a beta of 1.67. Byrna Technologies Inc. has a 12-month low of $2.19 and a 12-month high of $19.13.

Byrna Technologies (NASDAQ:BYRN) last released its earnings results on Tuesday, July 9th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.10. Byrna Technologies had a negative return on equity of 6.34% and a negative net margin of 4.74%. The firm had revenue of $20.27 million for the quarter, compared to analyst estimates of $20.29 million. As a group, sell-side analysts expect that Byrna Technologies Inc. will post 0.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BYRN shares. Roth Capital upgraded Byrna Technologies to a “strong-buy” rating in a report on Wednesday, August 28th. Roth Mkm initiated coverage on Byrna Technologies in a report on Wednesday, August 28th. They issued a “buy” rating and a $14.00 price target on the stock. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $15.75.

Hedge Funds Weigh In On Byrna Technologies

Several hedge funds have recently added to or reduced their stakes in BYRN. Wealthspire Advisors LLC lifted its stake in Byrna Technologies by 1.8% in the first quarter. Wealthspire Advisors LLC now owns 553,079 shares of the company’s stock valued at $7,704,000 after buying an additional 10,000 shares during the period. Vanguard Group Inc. lifted its stake in Byrna Technologies by 1.9% in the first quarter. Vanguard Group Inc. now owns 800,051 shares of the company’s stock valued at $11,145,000 after buying an additional 14,755 shares during the period. Hamilton Wealth LLC acquired a new stake in shares of Byrna Technologies during the first quarter worth about $146,000. Bank of New York Mellon Corp raised its position in shares of Byrna Technologies by 68.8% during the second quarter. Bank of New York Mellon Corp now owns 146,607 shares of the company’s stock worth $1,463,000 after purchasing an additional 59,738 shares during the period. Finally, Rhumbline Advisers acquired a new stake in shares of Byrna Technologies during the second quarter worth about $205,000. Institutional investors and hedge funds own 25.46% of the company’s stock.

Byrna Technologies Company Profile

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.