Insider Buying: Byrna Technologies Inc. (NASDAQ:BYRN) COO Acquires 728 Shares of Stock

Byrna Technologies Inc. (NASDAQ:BYRN) COO John Brasseur bought 728 shares of the company’s stock in a transaction on 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 acquisition, the chief operating officer now directly owns 9,068 shares in the company, valued at approximately $183,082.92. This trade represents a 8.73 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Byrna Technologies Price Performance

BYRN opened at $21.78 on Monday. The company has a market capitalization of $493.69 million, a price-to-earnings ratio of 40.33 and a beta of 2.19. The business’s 50-day moving average price is $21.72 and its two-hundred day moving average price is $22.41. Byrna Technologies Inc. has a 1 year low of $7.79 and a 1 year high of $34.78.

Byrna Technologies (NASDAQ:BYRN) last released its earnings results on Thursday, April 10th. The company reported $0.07 EPS for the quarter, beating the consensus estimate 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 return on equity of 15.39% and a net margin of 14.92%. Sell-side analysts anticipate that Byrna Technologies Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BYRN. Capital Research Global Investors bought a new stake in Byrna Technologies during the 4th quarter worth about $47,203,000. Vanguard Group Inc. raised its holdings in Byrna Technologies by 8.0% during the fourth quarter. Vanguard Group Inc. now owns 1,001,759 shares of the company’s stock worth $28,861,000 after acquiring an additional 73,954 shares in the last quarter. Invesco Ltd. boosted its position in Byrna Technologies by 72.4% during the fourth quarter. Invesco Ltd. now owns 697,655 shares of the company’s stock valued at $20,099,000 after purchasing an additional 293,049 shares during the last quarter. Geode Capital Management LLC grew its stake in Byrna Technologies by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 396,616 shares of the company’s stock valued at $11,430,000 after purchasing an additional 5,184 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in shares of Byrna Technologies during the 4th quarter worth approximately $9,304,000. Institutional investors and hedge funds own 25.46% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.