Stock Traders Buy High Volume of Call Options on Byrna Technologies (NASDAQ:BYRN)

Byrna Technologies Inc. (NASDAQ:BYRN) saw unusually large options trading activity on Monday. Stock traders bought 3,349 call options on the stock. This is an increase of 318% compared to the average daily volume of 801 call options.

Byrna Technologies Stock Down 0.6 %

NASDAQ:BYRN opened at $20.31 on Wednesday. Byrna Technologies has a twelve month low of $7.79 and a twelve month high of $34.78. The stock has a market cap of $460.37 million, a P/E ratio of 37.61 and a beta of 2.19. The business’s 50-day moving average price is $22.34 and its two-hundred day moving average price is $22.28.

Byrna Technologies (NASDAQ:BYRN) last announced its earnings results on Thursday, April 10th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. The business had revenue of $26.19 million during the quarter, compared to analyst estimates of $23.26 million. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. On average, equities research analysts expect that Byrna Technologies will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other Byrna Technologies news, insider Lisa Wager sold 12,500 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $29.38, for a total value of $367,250.00. Following the completion of the transaction, the insider now owns 212,055 shares in the company, valued at $6,230,175.90. This trade represents a 5.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Luan Pham sold 33,483 shares of Byrna Technologies stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $30.19, for a total value of $1,010,851.77. Following the transaction, the insider now directly owns 19,148 shares of the company’s stock, valued at $578,078.12. The trade was a 63.62 % decrease in their position. The disclosure for this sale can be found here. 11.08% of the stock is owned by insiders.

Institutional Trading of Byrna Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sound View Wealth Advisors Group LLC boosted its stake in shares of Byrna Technologies by 0.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 106,735 shares of the company’s stock valued at $3,075,000 after purchasing an additional 355 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Byrna Technologies by 6.3% in the fourth quarter. JPMorgan Chase & Co. now owns 8,109 shares of the company’s stock worth $234,000 after buying an additional 484 shares during the period. Quarry LP bought a new stake in shares of Byrna Technologies in the 4th quarter valued at about $25,000. Russell Investments Group Ltd. bought a new position in Byrna Technologies during the 4th quarter worth approximately $29,000. Finally, Global Retirement Partners LLC purchased a new position in Byrna Technologies in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm restated a “buy” rating and set a $33.00 price target on shares of Byrna Technologies in a research report on Thursday, March 20th.

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.