Byrna Technologies (NASDAQ:BYRN) PT Raised to $20.00 at Roth Mkm

Byrna Technologies (NASDAQ:BYRN - Get Free Report) had its price objective increased by investment analysts at Roth Mkm from $17.00 to $20.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Roth Mkm's price objective indicates a potential upside of 20.41% from the stock's current price.

Separately, Roth Capital raised Byrna Technologies to a "strong-buy" rating in a research note 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $17.75.

Byrna Technologies Stock Up 8.9 %

Shares of NASDAQ BYRN traded up $1.36 during midday trading on Friday, reaching $16.61. The company had a trading volume of 505,187 shares, compared to its average volume of 306,152. The firm's fifty day moving average price is $14.29 and its 200-day moving average price is $12.42. Byrna Technologies has a one year low of $3.86 and a one year high of $19.42. The stock has a market cap of $378.33 million, a PE ratio of -118.64 and a beta of 1.69.

Insider Transactions at Byrna Technologies

In related news, CFO Laurilee Kearnes purchased 2,000 shares of Byrna Technologies stock in a transaction that occurred on Thursday, October 10th. The shares were bought at an average price of $14.04 per share, for a total transaction of $28,080.00. Following the completion of the transaction, the chief financial officer now directly owns 2,500 shares of the company's stock, valued at $35,100. This represents a 400.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Byrna Technologies news, CEO Bryan Ganz sold 17,442 shares of the firm's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $15.40, for a total transaction of $268,606.80. Following the completion of the transaction, the chief executive officer now owns 460,617 shares of the company's stock, valued at approximately $7,093,501.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Laurilee Kearnes bought 2,000 shares of the company's stock in a transaction dated Thursday, October 10th. The shares were acquired at an average price of $14.04 per share, for a total transaction of $28,080.00. Following the acquisition, the chief financial officer now owns 2,500 shares in the company, valued at approximately $35,100. This represents a 400.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 54,416 shares of company stock valued at $820,581. Company insiders own 8.44% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. nVerses Capital LLC purchased a new stake in Byrna Technologies in the third quarter worth about $34,000. Hamilton Wealth LLC purchased a new stake in shares of Byrna Technologies in the 1st quarter worth approximately $146,000. Algert Global LLC bought a new position in Byrna Technologies during the 2nd quarter valued at approximately $131,000. Dimensional Fund Advisors LP raised its stake in Byrna Technologies by 17.5% during the second quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company's stock valued at $200,000 after buying an additional 2,976 shares during the last quarter. Finally, Rhumbline Advisers bought a new stake in Byrna Technologies in the second quarter worth $205,000. 25.46% of the stock is owned by hedge funds and other institutional investors.

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.