Luan Pham Sells 33,483 Shares of Byrna Technologies Inc. (NASDAQ:BYRN) Stock

Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) insider Luan Pham sold 33,483 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $30.19, for a total value of $1,010,851.77. Following the completion of the transaction, the insider now directly owns 19,148 shares of the company's stock, valued at $578,078.12. This trade represents a 63.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Byrna Technologies Stock Up 0.1 %

Shares of BYRN stock traded up $0.02 during mid-day trading on Tuesday, reaching $32.82. The company's stock had a trading volume of 439,047 shares, compared to its average volume of 528,499. The firm has a market capitalization of $746.98 million, a PE ratio of 364.71 and a beta of 1.65. The company's 50 day simple moving average is $28.98 and its 200-day simple moving average is $20.20. Byrna Technologies Inc. has a 12-month low of $7.79 and a 12-month high of $34.78.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.05 by $0.12. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%. As a group, research analysts anticipate that Byrna Technologies Inc. will post 0.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reiterated a "buy" rating and issued a $20.00 target price on shares of Byrna Technologies in a report on Wednesday, October 30th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $17.75.

Hedge Funds Weigh In On Byrna Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP purchased a new stake in shares of Byrna Technologies during the fourth quarter valued at approximately $25,000. Russell Investments Group Ltd. acquired a new stake in Byrna Technologies during the 4th quarter valued at $29,000. Global Retirement Partners LLC purchased a new stake in Byrna Technologies during the 4th quarter worth $30,000. NCP Inc. acquired a new position in Byrna Technologies in the 4th quarter worth $37,000. Finally, nVerses Capital LLC purchased a new position in Byrna Technologies in the 3rd quarter valued at about $34,000. 25.46% of the stock is owned by institutional investors and hedge funds.

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.