Byrna Technologies (NASDAQ:BYRN) Given New $20.00 Price Target at Roth Mkm

Byrna Technologies (NASDAQ:BYRN) had its price target boosted by Roth Mkm from $17.00 to $20.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, Roth Capital raised shares of Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, August 28th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $17.75.

Byrna Technologies Stock Up 8.9 %

NASDAQ:BYRN opened at $16.61 on Friday. Byrna Technologies has a 52 week low of $3.86 and a 52 week high of $19.42. The firm has a 50 day moving average of $14.29 and a 200 day moving average of $12.42. The stock has a market capitalization of $378.33 million, a price-to-earnings ratio of -118.64 and a beta of 1.69.

Insider Buying and Selling at Byrna Technologies

In other Byrna Technologies news, insider Lisa Wager sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $13.50, for a total transaction of $270,000.00. Following the transaction, the insider now owns 229,555 shares in the company, valued at approximately $3,098,992.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Byrna Technologies news, CFO Laurilee Kearnes acquired 2,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were purchased at an average price of $14.04 per share, for a total transaction of $28,080.00. Following the completion of the purchase, the chief financial officer now directly owns 2,500 shares of the company’s stock, valued at $35,100. The trade was a 400.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lisa Wager sold 20,000 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $13.50, for a total transaction of $270,000.00. Following the completion of the sale, the insider now owns 229,555 shares in the company, valued at $3,098,992.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,416 shares of company stock worth $820,581. 8.44% of the stock is owned by corporate insiders.

Institutional Trading of Byrna Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BYRN. Divisadero Street Capital Management LP acquired a new stake in Byrna Technologies during the second quarter valued at $2,693,000. Millennium Management LLC lifted its holdings in Byrna Technologies by 53.5% during the second quarter. Millennium Management LLC now owns 321,915 shares of the company’s stock valued at $3,213,000 after purchasing an additional 112,262 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Byrna Technologies during the second quarter valued at $786,000. Bank of New York Mellon Corp lifted its holdings in Byrna Technologies by 68.8% during the second quarter. Bank of New York Mellon Corp now owns 146,607 shares of the company’s stock valued at $1,463,000 after purchasing an additional 59,738 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Byrna Technologies during the second quarter valued at $466,000. 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.