Byrna Technologies Inc. (NASDAQ:BYRN) Chairman Sells $98,609.76 in Stock

Byrna Technologies Inc. (NASDAQ:BYRN) Chairman Herbert Hughes sold 8,836 shares of the 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 of the company’s stock, valued at $1,435,053.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Byrna Technologies Stock Down 1.7 %

Byrna Technologies stock opened at $10.98 on Thursday. Byrna Technologies Inc. has a fifty-two week low of $2.19 and a fifty-two week high of $15.34. The firm’s fifty day moving average price is $13.27 and its 200-day moving average price is $9.50.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings data 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 company had revenue of $16.65 million for the quarter, compared to analysts’ expectations of $16.65 million. Byrna Technologies had a negative return on equity of 13.16% and a negative net margin of 11.83%. On average, sell-side analysts expect that Byrna Technologies Inc. will post -0.02 earnings per share for the current year.

Hedge Funds Weigh In On Byrna Technologies

Several institutional investors and hedge funds have recently made changes to their positions in BYRN. Raymond James & Associates boosted its position in Byrna Technologies by 286.4% during the fourth quarter. Raymond James & Associates now owns 127,592 shares of the company’s stock valued at $815,000 after buying an additional 94,575 shares during the period. M&T Bank Corp grew its position in Byrna Technologies by 48.2% during the 4th 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 during the last quarter. Federated Hermes Inc. increased its stake in Byrna Technologies by 33.3% in the 3rd quarter. Federated Hermes Inc. now owns 160,000 shares of the company’s stock worth $358,000 after purchasing an additional 40,000 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Byrna Technologies by 55.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 56,707 shares of the company’s stock valued at $127,000 after purchasing an additional 20,138 shares during the last quarter. Finally, Wealthspire Advisors LLC boosted its stake in shares of Byrna Technologies by 3.7% during the third quarter. Wealthspire Advisors LLC now owns 563,079 shares of the company’s stock valued at $1,261,000 after purchasing an additional 20,000 shares during the period. Institutional investors own 25.46% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.