Chris Lavern Reed Acquires 8,150 Shares of Byrna Technologies (NASDAQ:BYRN) Stock

Byrna Technologies Inc. (NASDAQ:BYRN) Director Chris Lavern Reed bought 8,150 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were bought at an average price of $3.63 per share, with a total value of $29,584.50. Following the transaction, the director directly owned 61,720 shares in the company, valued at $224,043.60. This trade represents a 15.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Byrna Technologies Price Performance

Shares of BYRN stock opened at $4.33 on Thursday. The stock’s fifty day simple moving average is $5.37 and its 200 day simple moving average is $8.65. Byrna Technologies Inc. has a one year low of $3.16 and a one year high of $30.62. The firm has a market cap of $98.25 million, a price-to-earnings ratio of -24.06 and a beta of 1.80.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings data on Thursday, July 9th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.34). The company had revenue of $16.39 million for the quarter, compared to analyst estimates of $22.32 million. Byrna Technologies had a negative return on equity of 5.85% and a negative net margin of 3.39%. On average, research analysts anticipate that Byrna Technologies Inc. will post -0.63 earnings per share for the current year.

Institutional Trading of Byrna Technologies

Several institutional investors and hedge funds have recently made changes to their positions in BYRN. State Street Corp increased its holdings in Byrna Technologies by 5.8% in the fourth quarter. State Street Corp now owns 987,936 shares of the company’s stock valued at $16,587,000 after purchasing an additional 54,555 shares during the last quarter. Millennium Management LLC raised its position in shares of Byrna Technologies by 32.7% during the fourth quarter. Millennium Management LLC now owns 893,268 shares of the company’s stock worth $14,998,000 after purchasing an additional 220,130 shares during the period. UBS Group AG lifted its holdings in shares of Byrna Technologies by 35.8% during the 4th quarter. UBS Group AG now owns 520,616 shares of the company’s stock valued at $8,741,000 after purchasing an additional 137,260 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Byrna Technologies by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 440,843 shares of the company’s stock valued at $7,403,000 after purchasing an additional 1,126 shares during the period. Finally, Pinnacle Associates Ltd. grew its position in shares of Byrna Technologies by 401.3% in the 4th quarter. Pinnacle Associates Ltd. now owns 438,292 shares of the company’s stock valued at $7,359,000 after purchasing an additional 350,861 shares during the period. Institutional investors own 25.46% of the company’s stock.

Key Headlines Impacting Byrna Technologies

Here are the key news stories impacting Byrna Technologies this week:

• Positive Sentiment: Company insiders collectively purchased approximately 61,258 shares for more than $215,000. Chairman Tj Kennedy bought 29,000 shares, CEO Conn Davis purchased 22,108 shares across two transactions, Director Chris Lavern Reed acquired 8,150 shares, and CFO Laurilee Kearnes bought 2,000 shares. The purchases, made at roughly $3.42 to $3.63 per share, suggest management and directors view the depressed valuation as attractive. Insider buying report
• Neutral Sentiment: Analyst views remain mixed. The consensus rating is “Moderate Buy,” with an average price target of $7.88, but recent target reductions and downgrades indicate substantial uncertainty surrounding Byrna’s growth prospects. Analyst ratings report
• Negative Sentiment: Byrna’s latest quarterly results significantly missed expectations. The company reported a loss of $0.44 per share versus the anticipated $0.10 loss, while revenue of $16.39 million was below the $22.32 million consensus estimate. Analysts expect the company to remain unprofitable for the full year, with projected EPS of negative $0.63. Byrna earnings report
• Negative Sentiment: Recent research actions included B. Riley cutting its price target from $21 to $12, Roth Capital downgrading the stock to “Neutral” with a $4.50 target, and Zacks Research assigning a “Strong Sell” rating. These actions underscore continuing concerns about slowing sales and losses.

Wall Street Analysts Forecast Growth

BYRN has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Byrna Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. New Street Research set a $7.50 price objective on shares of Byrna Technologies in a report on Friday, April 10th. Craig Hallum downgraded Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price on the stock. in a report on Friday, April 10th. Wall Street Zen lowered Byrna Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. Finally, Roth Capital cut Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price target for the company. in a report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.88.

Byrna Technologies Company Profile

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO₂-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.