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

Byrna Technologies Inc. (NASDAQ:BYRN) 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 transaction of $1,010,851.77. Following the sale, the insider now directly owns 19,148 shares in the company, valued at $578,078.12. This trade represents a 63.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Byrna Technologies Stock Performance

Shares of NASDAQ:BYRN opened at $32.80 on Friday. The stock has a market capitalization of $746.53 million, a price-to-earnings ratio of 364.48 and a beta of 1.65. Byrna Technologies Inc. has a 1-year low of $7.79 and a 1-year high of $34.78. The company’s fifty day moving average is $28.48 and its two-hundred day moving average is $19.79.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings data on Friday, February 7th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.12. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.58%. Sell-side analysts expect that Byrna Technologies Inc. will post 0.19 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Roth Mkm reissued a “buy” rating and set a $20.00 target price on shares of Byrna Technologies in a 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. According to MarketBeat.com, Byrna Technologies has a consensus rating of “Buy” and an average target price of $17.75.

Institutional Trading of Byrna Technologies

A number of large investors have recently modified their holdings of BYRN. Quarry LP acquired a new stake in shares of Byrna Technologies in the 4th quarter worth about $25,000. Russell Investments Group Ltd. acquired a new stake in shares of Byrna Technologies in the 4th quarter worth about $29,000. Global Retirement Partners LLC bought a new position in Byrna Technologies in the 4th quarter valued at about $30,000. nVerses Capital LLC bought a new position in Byrna Technologies in the 3rd quarter valued at about $34,000. Finally, NCP Inc. bought a new position in Byrna Technologies in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 25.46% of the company’s stock.

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.