Insider Buying: Byrna Technologies Inc. (NASDAQ:BYRN) COO Acquires $14,698.32 in Stock

Byrna Technologies Inc. (NASDAQ:BYRN) COO John Brasseur bought 728 shares of Byrna Technologies stock in a transaction dated Tuesday, April 15th. The shares were bought at an average price of $20.19 per share, for a total transaction of $14,698.32. Following the completion of the transaction, the chief operating officer now directly owns 9,068 shares of the company’s stock, valued at $183,082.92. This represents a 8.73 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Byrna Technologies Stock Up 2.1 %

Shares of BYRN stock opened at $21.78 on Monday. Byrna Technologies Inc. has a 12 month low of $7.79 and a 12 month high of $34.78. The firm has a market cap of $493.69 million, a price-to-earnings ratio of 40.33 and a beta of 2.19. The stock has a 50-day moving average price of $21.72 and a 200 day moving average price of $22.41.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings data on Thursday, April 10th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $26.19 million for the quarter, compared to analysts’ expectations of $23.26 million. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. Sell-side analysts predict that Byrna Technologies Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Byrna Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BYRN. Quarry LP bought a new position in Byrna Technologies during the fourth quarter worth about $25,000. Russell Investments Group Ltd. bought a new stake in shares of Byrna Technologies in the 4th quarter valued at about $29,000. Global Retirement Partners LLC acquired a new stake in shares of Byrna Technologies in the 4th quarter valued at approximately $30,000. NCP Inc. bought a new position in Byrna Technologies during the 4th quarter worth approximately $37,000. Finally, BNP Paribas Financial Markets acquired a new position in Byrna Technologies during the fourth quarter valued at approximately $65,000. Institutional investors own 25.46% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “buy” rating and set a $33.00 price objective on shares of Byrna Technologies in a report on Thursday, March 20th.

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.