Laurilee Kearnes Purchases 1,000 Shares of Byrna Technologies Inc. (NASDAQ:BYRN) Stock

Byrna Technologies Inc. (NASDAQ:BYRN) CFO Laurilee Kearnes bought 1,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were purchased at an average cost of $18.60 per share, for a total transaction of $18,600.00. Following the completion of the purchase, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

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

Byrna Technologies Price Performance

Shares of NASDAQ BYRN opened at $21.34 on Wednesday. Byrna Technologies Inc. has a one year low of $5.09 and a one year high of $21.62. The business’s 50-day moving average price is $16.44 and its two-hundred day moving average price is $12.89. The company has a market capitalization of $485.66 million, a P/E ratio of 237.11 and a beta of 1.72.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings results on Wednesday, October 9th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. The business 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%. On average, equities analysts anticipate that Byrna Technologies Inc. will post 0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BYRN. Roth Mkm restated a “buy” rating and set a $20.00 price objective on shares of Byrna Technologies in a research report on Wednesday, October 30th. Roth Capital upgraded shares of Byrna Technologies to a “strong-buy” rating in a report on Wednesday, August 28th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $17.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC boosted its holdings in Byrna Technologies by 321.5% in the third quarter. Barclays PLC now owns 24,719 shares of the company’s stock worth $419,000 after purchasing an additional 18,855 shares in the last quarter. State Street Corp boosted its stake in shares of Byrna Technologies by 36.9% during the 3rd quarter. State Street Corp now owns 314,315 shares of the company’s stock worth $5,334,000 after acquiring an additional 84,723 shares in the last quarter. Centiva Capital LP acquired a new position in shares of Byrna Technologies during the 3rd quarter valued at about $286,000. Verition Fund Management LLC raised its stake in shares of Byrna Technologies by 113.9% in the 3rd quarter. Verition Fund Management LLC now owns 34,018 shares of the company’s stock valued at $577,000 after acquiring an additional 18,118 shares in the last quarter. Finally, Walleye Capital LLC lifted its holdings in Byrna Technologies by 1.3% in the 3rd quarter. Walleye Capital LLC now owns 52,379 shares of the company’s stock worth $889,000 after purchasing an additional 665 shares during the last quarter. Institutional investors own 25.46% of the company’s stock.

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.