Millennium Management LLC Purchases 112,262 Shares of Byrna Technologies Inc. (NASDAQ:BYRN)

Millennium Management LLC lifted its stake in shares of Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 53.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 321,915 shares of the company's stock after acquiring an additional 112,262 shares during the period. Millennium Management LLC owned 1.41% of Byrna Technologies worth $3,213,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Byrna Technologies by 1.9% in the first quarter. Vanguard Group Inc. now owns 800,051 shares of the company's stock valued at $11,145,000 after acquiring an additional 14,755 shares in the last quarter. Wealthspire Advisors LLC boosted its holdings in shares of Byrna Technologies by 1.8% during the first quarter. Wealthspire Advisors LLC now owns 553,079 shares of the company's stock valued at $7,704,000 after acquiring an additional 10,000 shares during the period. Divisadero Street Capital Management LP acquired a new position in shares of Byrna Technologies during the second quarter valued at $2,693,000. Bank of New York Mellon Corp boosted its holdings in shares of Byrna Technologies by 68.8% during the second quarter. Bank of New York Mellon Corp now owns 146,607 shares of the company's stock valued at $1,463,000 after acquiring an additional 59,738 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of Byrna Technologies during the second quarter valued at $786,000. Hedge funds and other institutional investors own 25.46% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on BYRN. Roth Capital upgraded shares of Byrna Technologies to a "strong-buy" rating in a research report on Wednesday, August 28th. Roth Mkm began coverage on Byrna Technologies in a report on Wednesday, August 28th. They issued a "buy" rating and a $14.00 target price on the stock. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Byrna Technologies has a consensus rating of "Buy" and an average target price of $15.75.

Insiders Place Their Bets

In other news, CFO Laurilee Kearnes purchased 2,000 shares of Byrna Technologies stock in a transaction that occurred on Thursday, October 10th. The stock was acquired at an average cost of $14.04 per share, for a total transaction of $28,080.00. Following the purchase, the chief financial officer now directly owns 2,500 shares of the company's stock, valued at $35,100. This trade represents a 400.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Lisa Wager sold 2,450 shares of the company's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $17.01, for a total transaction of $41,674.50. Following the sale, the insider now owns 224,555 shares in the company, valued at $3,819,680.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Laurilee Kearnes bought 2,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 2,500 shares in the company, valued at $35,100. This represents a 400.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 54,416 shares of company stock valued at $820,581 in the last 90 days. 8.44% of the stock is currently owned by insiders.

Byrna Technologies Trading Up 1.1 %

Byrna Technologies stock traded up $0.16 during mid-day trading on Tuesday, hitting $15.10. The stock had a trading volume of 527,163 shares, compared to its average volume of 304,226. The stock has a 50-day simple moving average of $13.93 and a two-hundred day simple moving average of $12.36. The stock has a market capitalization of $343.93 million, a PE ratio of -107.86 and a beta of 1.69. Byrna Technologies Inc. has a 12 month low of $3.18 and a 12 month high of $19.42.

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.