Insider Buying: Byrna Technologies Inc. (NASDAQ:BYRN) CFO Purchases 1,000 Shares of Stock

Byrna Technologies Inc. (NASDAQ:BYRN) CFO Laurilee Kearnes purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average cost of $18.60 per share, with a total value of $18,600.00. Following the acquisition, the chief financial officer now owns 3,500 shares in the company, valued at $65,100. This represents a 40.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, October 10th, Laurilee Kearnes purchased 2,000 shares of Byrna Technologies stock. The stock was bought at an average cost of $14.04 per share, with a total value of $28,080.00.

Byrna Technologies Stock Up 4.4 %

Shares of BYRN traded up $0.81 during trading on Monday, reaching $19.13. The company’s stock had a trading volume of 222,825 shares, compared to its average volume of 317,280. The company has a fifty day moving average of $16.22 and a two-hundred day moving average of $12.80. Byrna Technologies Inc. has a twelve month low of $5.09 and a twelve month high of $19.48. The company has a market cap of $435.40 million, a price-to-earnings ratio of 203.58 and a beta of 1.72.

Byrna Technologies (NASDAQ:BYRN) last issued its earnings results on Wednesday, October 9th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.05. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%. The firm had revenue of $20.85 million for the quarter, compared to analyst estimates of $20.82 million. As a group, equities analysts forecast that Byrna Technologies Inc. will post 0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BYRN shares. Roth Capital raised shares of Byrna Technologies to a “strong-buy” rating in a report on Wednesday, August 28th. Roth Mkm restated a “buy” rating and set a $20.00 target price on shares of Byrna Technologies in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $17.75.

Institutional Trading of Byrna Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new stake in shares of Byrna Technologies during the third quarter worth $34,000. Quest Partners LLC acquired a new position in shares of Byrna Technologies in the third quarter valued at approximately $46,000. Algert Global LLC acquired a new position in shares of Byrna Technologies in the second quarter valued at approximately $131,000. Hamilton Wealth LLC acquired a new position in shares of Byrna Technologies in the first quarter valued at approximately $146,000. Finally, MetLife Investment Management LLC grew its position in Byrna Technologies by 129.1% during the third quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock worth $183,000 after buying an additional 6,061 shares in the last quarter. Institutional investors and hedge funds 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.