Byrna Technologies (NASDAQ:BYRN) CEO Conn Davis Acquires 18,768 Shares of Stock

Byrna Technologies Inc. (NASDAQ:BYRN) CEO Conn Davis acquired 18,768 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The shares were purchased at an average price of $3.46 per share, with a total value of $64,937.28. Following the completion of the acquisition, the chief executive officer owned 18,768 shares in the company, valued at approximately $64,937.28. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Byrna Technologies Trading Down 3.9%

Shares of BYRN opened at $3.97 on Wednesday. Byrna Technologies Inc. has a twelve month low of $3.16 and a twelve month high of $30.62. The firm has a market capitalization of $90.08 million, a P/E ratio of -22.06 and a beta of 1.80. The stock’s fifty day simple moving average is $5.39 and its 200 day simple moving average is $8.74.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings results on Thursday, July 9th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.34). The firm had revenue of $16.39 million for the quarter, compared to analysts’ expectations of $22.32 million. Byrna Technologies had a negative net margin of 3.39% and a negative return on equity of 5.85%. Sell-side analysts predict that Byrna Technologies Inc. will post -0.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Roth Capital cut Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 target price for the company. in a report on Friday, July 10th. Wall Street Zen cut shares of Byrna Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. B. Riley Financial decreased their price objective on shares of Byrna Technologies from $21.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Zacks Research lowered shares of Byrna Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Finally, Craig Hallum lowered shares of Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price on the stock. in a report on Friday, April 10th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.88.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of Byrna Technologies by 5.8% in the 4th quarter. State Street Corp now owns 987,936 shares of the company’s stock worth $16,587,000 after purchasing an additional 54,555 shares during the last quarter. Millennium Management LLC lifted its position in shares of Byrna Technologies by 32.7% during the fourth quarter. Millennium Management LLC now owns 893,268 shares of the company’s stock worth $14,998,000 after purchasing an additional 220,130 shares during the last quarter. UBS Group AG lifted its position in shares of Byrna Technologies by 35.8% during the fourth quarter. UBS Group AG now owns 520,616 shares of the company’s stock worth $8,741,000 after purchasing an additional 137,260 shares during the last quarter. Geode Capital Management LLC grew its stake 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 in the last quarter. Finally, Pinnacle Associates Ltd. grew its stake in Byrna Technologies by 401.3% in the fourth quarter. Pinnacle Associates Ltd. now owns 438,292 shares of the company’s stock worth $7,359,000 after purchasing an additional 350,861 shares in the last quarter. 25.46% of the stock is owned by institutional investors and hedge funds.

About Byrna Technologies

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.