Wealthspire Advisors LLC Cuts Stake in Byrna Technologies Inc. (NASDAQ:BYRN)

Wealthspire Advisors LLC decreased its stake in Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 471,054 shares of the company's stock after selling 45,200 shares during the quarter. Wealthspire Advisors LLC owned 2.07% of Byrna Technologies worth $13,571,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC bought a new position in shares of Byrna Technologies in the fourth quarter valued at $30,000. New York State Common Retirement Fund raised its position in shares of Byrna Technologies by 2,200.0% in the fourth quarter. New York State Common Retirement Fund now owns 6,900 shares of the company's stock valued at $199,000 after buying an additional 6,600 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Byrna Technologies during the 4th quarter valued at $134,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Byrna Technologies during the fourth quarter worth about $616,000. Finally, Silverleafe Capital Partners LLC acquired a new stake in shares of Byrna Technologies in the 4th quarter valued at $353,000. 25.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Byrna Technologies news, insider Luan Pham sold 33,483 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $30.19, for a total value of $1,010,851.77. Following the completion of the sale, the insider now owns 19,148 shares in the company, valued at approximately $578,078.12. This represents a 63.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lisa Wager sold 12,500 shares of Byrna Technologies stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $29.38, for a total transaction of $367,250.00. Following the sale, the insider now owns 212,055 shares in the company, valued at approximately $6,230,175.90. The trade was a 5.57 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.08% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, Roth Mkm reiterated a "buy" rating and set a $20.00 target price on shares of Byrna Technologies in a research report on Wednesday, October 30th. 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. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $17.75.

Byrna Technologies Price Performance

NASDAQ:BYRN traded up $1.27 on Wednesday, reaching $27.64. 831,636 shares of the company's stock were exchanged, compared to its average volume of 568,409. Byrna Technologies Inc. has a 52 week low of $7.79 and a 52 week high of $34.78. The firm has a market cap of $625.96 million, a price-to-earnings ratio of 51.19 and a beta of 1.65. The stock has a fifty day simple moving average of $29.29 and a 200-day simple moving average of $20.88.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.12. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. As a group, sell-side analysts predict that Byrna Technologies Inc. will post 0.28 EPS for the current year.

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.