Fmr LLC Buys 548,670 Shares of Byrna Technologies Inc. (NASDAQ:BYRN)

FMR LLC increased its position in shares of Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 47.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,694,610 shares of the company's stock after buying an additional 548,670 shares during the quarter. FMR LLC owned about 7.45% of Byrna Technologies worth $28,758,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Byrna Technologies by 1.9% in the first quarter. Vanguard Group Inc. now owns 800,051 shares of the company's stock worth $11,145,000 after purchasing an additional 14,755 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Byrna Technologies by 68.8% in the second quarter. Bank of New York Mellon Corp now owns 146,607 shares of the company's stock worth $1,463,000 after purchasing an additional 59,738 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of Byrna Technologies in the second quarter worth approximately $205,000. Dimensional Fund Advisors LP raised its stake in shares of Byrna Technologies by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company's stock worth $200,000 after purchasing an additional 2,976 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Byrna Technologies in the second quarter worth approximately $786,000. 25.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Byrna Technologies

In related news, CFO Laurilee Kearnes purchased 2,000 shares of the business's stock in a transaction dated Thursday, October 10th. The stock was purchased at an average cost of $14.04 per share, with a total value of $28,080.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,500 shares of the company's stock, valued at approximately $35,100. The trade was a 400.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bryan Ganz sold 5,495 shares of the firm's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $17.41, for a total value of $95,667.95. Following the completion of the transaction, the chief executive officer now directly owns 432,564 shares of the company's stock, valued at $7,530,939.24. The trade was a 1.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,474 shares of company stock valued at $183,954. Company insiders own 11.08% of the company's stock.

Byrna Technologies Trading Up 14.9 %

Shares of BYRN traded up $2.82 on Tuesday, reaching $21.74. 1,254,571 shares of the company's stock traded hands, compared to its average volume of 333,337. The stock has a market cap of $494.76 million, a PE ratio of 227.78 and a beta of 1.80. The stock's 50 day simple moving average is $17.23 and its two-hundred day simple moving average is $13.57. Byrna Technologies Inc. has a 52-week low of $5.11 and a 52-week high of $22.44.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced its quarterly earnings data on Wednesday, October 9th. The company reported $0.04 earnings per share for the quarter, beating 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 business had revenue of $20.85 million during the quarter, compared to analyst estimates of $20.82 million. Analysts forecast that Byrna Technologies Inc. will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

BYRN has been the subject of several analyst reports. Roth Mkm reissued a "buy" rating and issued a $20.00 price objective on shares of Byrna Technologies in a research note on Wednesday, October 30th. Roth Capital raised Byrna Technologies to a "strong-buy" rating in a research report on Wednesday, August 28th. Three investment 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.com, the company presently has a consensus rating of "Buy" and an average price target of $17.75.

Byrna Technologies 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.