Byrna Technologies Inc. (NASDAQ:BYRN) CFO Acquires $18,600.00 in Stock

Byrna Technologies Inc. (NASDAQ:BYRNGet Free Report) CFO Laurilee Kearnes acquired 1,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were bought at an average price of $18.60 per share, for a total transaction of $18,600.00. Following the acquisition, the chief financial officer now owns 3,500 shares in the company, valued at approximately $65,100. This trade represents a 40.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Laurilee Kearnes also recently made the following trade(s):

  • On Thursday, October 10th, Laurilee Kearnes bought 2,000 shares of Byrna Technologies stock. The stock was purchased at an average cost of $14.04 per share, for a total transaction of $28,080.00.

Byrna Technologies Trading Down 9.4 %

NASDAQ BYRN opened at $19.34 on Thursday. Byrna Technologies Inc. has a 1 year low of $5.11 and a 1 year high of $21.62. The company has a fifty day simple moving average of $16.54 and a 200 day simple moving average of $12.93. The company has a market cap of $440.18 million, a P/E ratio of 214.91 and a beta of 1.72.

Byrna Technologies (NASDAQ:BYRNGet Free Report) last posted its quarterly earnings data on Wednesday, October 9th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $20.85 million during the quarter, compared to analysts’ expectations of $20.82 million. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%. Equities research analysts forecast that Byrna Technologies Inc. will post 0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Byrna Technologies

Several large investors have recently added to or reduced their stakes in BYRN. nVerses Capital LLC bought a new stake in shares of Byrna Technologies during the third quarter valued at approximately $34,000. Quest Partners LLC acquired a new position in Byrna Technologies in the third quarter worth about $46,000. Hamilton Wealth LLC bought a new position in Byrna Technologies during the first quarter worth about $146,000. MetLife Investment Management LLC lifted its stake in Byrna Technologies by 129.1% during the third quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock worth $183,000 after purchasing an additional 6,061 shares during the period. Finally, Algert Global LLC acquired a new stake in Byrna Technologies during the second quarter valued at approximately $131,000. Institutional investors and hedge funds own 25.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BYRN. Roth Mkm reiterated a “buy” rating and set a $20.00 price target on shares of Byrna Technologies in a report on Wednesday, October 30th. Roth Capital upgraded Byrna Technologies to a “strong-buy” rating in a report on Wednesday, August 28th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $17.75.

Read Our Latest Analysis on BYRN

Byrna Technologies Company Profile

(Get Free Report)

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.

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