Herbert Hughes Sells 8,836 Shares of Byrna Technologies Inc. (NASDAQ:BYRN) Stock

Byrna Technologies Inc. (NASDAQ:BYRN) Chairman Herbert Hughes sold 8,836 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $11.16, for a total value of $98,609.76. Following the completion of the sale, the chairman now directly owns 128,589 shares in the company, valued at approximately $1,435,053.24. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Byrna Technologies Stock Performance

Shares of BYRN stock traded down $0.28 during trading on Tuesday, hitting $11.17. The company had a trading volume of 193,794 shares, compared to its average volume of 210,194. Byrna Technologies Inc. has a one year low of $2.19 and a one year high of $15.34. The firm has a market capitalization of $253.96 million, a P/E ratio of -39.89 and a beta of 1.75. The stock’s 50-day moving average price is $13.29 and its 200 day moving average price is $9.49.

Byrna Technologies (NASDAQ:BYRN) last released its earnings results on Friday, April 5th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.12. The business had revenue of $16.65 million during the quarter, compared to the consensus estimate of $16.65 million. Byrna Technologies had a negative net margin of 11.83% and a negative return on equity of 13.16%. On average, research analysts anticipate that Byrna Technologies Inc. will post -0.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BYRN. Vanguard Group Inc. boosted its stake in shares of Byrna Technologies by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 800,051 shares of the company’s stock worth $11,145,000 after buying an additional 14,755 shares during the last quarter. Wealthspire Advisors LLC grew its holdings in Byrna Technologies by 1.8% during the first quarter. Wealthspire Advisors LLC now owns 553,079 shares of the company’s stock valued at $7,704,000 after purchasing an additional 10,000 shares during the period. Spartan Fund Management Inc. purchased a new stake in shares of Byrna Technologies during the fourth quarter worth $32,000. M&T Bank Corp lifted its position in shares of Byrna Technologies by 48.2% during the fourth quarter. M&T Bank Corp now owns 166,042 shares of the company’s stock worth $1,062,000 after acquiring an additional 54,028 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Byrna Technologies by 286.4% during the fourth quarter. Raymond James & Associates now owns 127,592 shares of the company’s stock worth $815,000 after acquiring an additional 94,575 shares in the last quarter. 25.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BYRN. LADENBURG THALM/SH SH upped their price objective on Byrna Technologies from $12.75 to $16.25 and gave the stock a “buy” rating in a report on Tuesday, April 9th. B. Riley reiterated a “buy” rating and issued a $17.00 price objective (up from $14.00) on shares of Byrna Technologies in a research report on Monday, April 8th. Finally, TheStreet raised Byrna Technologies from a “d+” rating to a “c-” rating in a research report on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $13.50.

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.