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 owns 398,059 shares in the company, valued at $7,348,169.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, September 23rd, Bryan Ganz sold 1 shares of Byrna Technologies stock. The stock was 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 shares were sold at an average price of $17.41, for a total transaction 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 transaction of $268,606.80.

Byrna Technologies Stock Up 5.4 %

Shares of BYRN opened at $17.63 on Friday. Byrna Technologies Inc. has a twelve month low of $2.19 and a twelve month high of $19.13. The stock has a market cap of $401.61 million, a PE ratio of -125.93 and a beta of 1.67. The business’s 50-day moving average price is $12.26 and its 200-day moving average price is $12.13.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings data on Tuesday, July 9th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.10. Byrna Technologies had a negative net margin of 4.74% and a negative return on equity of 6.34%. The company had revenue of $20.27 million during the quarter, compared to analysts’ expectations of $20.29 million. Analysts expect that Byrna Technologies Inc. will post 0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on BYRN. Roth Capital upgraded shares of Byrna Technologies to a “strong-buy” rating in a research note on Wednesday, August 28th. Roth Mkm assumed coverage on Byrna Technologies in a research report on Wednesday, August 28th. They set a “buy” rating and a $14.00 target price 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 data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $15.75.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BYRN. Hamilton Wealth LLC bought a new stake in Byrna Technologies during the first quarter valued at $146,000. Algert Global LLC purchased a new stake in shares of Byrna Technologies in the 2nd quarter valued at about $131,000. Dimensional Fund Advisors LP boosted its position in shares of Byrna Technologies by 17.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock valued at $200,000 after acquiring an additional 2,976 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of Byrna Technologies during the second quarter worth about $205,000. Finally, XTX Topco Ltd bought a new position in shares of Byrna Technologies in the second quarter worth approximately $408,000. Institutional investors own 25.46% of the company’s stock.

About Byrna Technologies

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.