Laurilee Kearnes Buys 1,000 Shares of Byrna Technologies Inc. (NASDAQ:BYRN) Stock

Byrna Technologies Inc. (NASDAQ:BYRN) CFO Laurilee Kearnes bought 1,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average price of $18.60 per share, for a total transaction of $18,600.00. Following the completion of the transaction, the chief financial officer now owns 3,500 shares in the company, valued at $65,100. This trade represents a 40.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Laurilee Kearnes also recently made the following trade(s):

• On Thursday, October 10th, Laurilee Kearnes purchased 2,000 shares of Byrna Technologies stock. The stock was acquired at an average cost of $14.04 per share, with a total value of $28,080.00.

Byrna Technologies Stock Up 12.0 %

Shares of BYRN stock opened at $21.34 on Wednesday. The stock has a 50-day simple moving average of $16.44 and a 200 day simple moving average of $12.89. The stock has a market capitalization of $485.66 million, a P/E ratio of 237.11 and a beta of 1.72. Byrna Technologies Inc. has a fifty-two week low of $5.09 and a fifty-two week high of $21.62.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings data on Wednesday, October 9th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $20.85 million during the quarter, compared to analyst estimates of $20.82 million. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.58%. On average, sell-side analysts anticipate that Byrna Technologies Inc. will post 0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Roth Capital raised shares of Byrna Technologies to a “strong-buy” rating in a report on Wednesday, August 28th. Roth Mkm reaffirmed a “buy” rating and issued a $20.00 price target on shares of Byrna Technologies in a research note 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 MarketBeat, the company has an average rating of “Buy” and an average price target of $17.75.

Institutional Trading of Byrna Technologies

A number of large investors have recently added to or reduced their stakes in BYRN. nVerses Capital LLC acquired a new stake in shares of Byrna Technologies during the 3rd quarter valued at $34,000. Quest Partners LLC acquired a new stake in shares of Byrna Technologies during the third quarter worth $46,000. Algert Global LLC purchased a new stake in shares of Byrna Technologies during the second quarter valued at $131,000. Hamilton Wealth LLC acquired a new position in shares of Byrna Technologies in the 1st quarter valued at $146,000. Finally, MetLife Investment Management LLC increased its stake in Byrna Technologies by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock worth $183,000 after purchasing an additional 6,061 shares in the last quarter. 25.46% of the stock is currently owned by 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.