Byrna Technologies Inc. (NASDAQ:BYRN) Stock Holdings Increased by State Street Corp

State Street Corp grew its position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 36.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 314,315 shares of the company’s stock after buying an additional 84,723 shares during the quarter. State Street Corp’s holdings in Byrna Technologies were worth $5,334,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC boosted its holdings in Byrna Technologies by 47.9% in the third quarter. FMR LLC now owns 1,694,610 shares of the company’s stock worth $28,758,000 after purchasing an additional 548,670 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in shares of Byrna Technologies by 145.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 76,202 shares of the company’s stock valued at $760,000 after buying an additional 45,118 shares during the period. XTX Topco Ltd acquired a new position in shares of Byrna Technologies in the 2nd quarter valued at about $408,000. Charles Schwab Investment Management Inc. grew its position in shares of Byrna Technologies by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,958 shares of the company’s stock valued at $865,000 after buying an additional 2,021 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake 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 worth $1,463,000 after acquiring an additional 59,738 shares during the period. Institutional investors and hedge funds own 25.46% of the company’s stock.

Byrna Technologies Stock Performance

BYRN stock opened at $30.06 on Monday. Byrna Technologies Inc. has a 1 year low of $5.36 and a 1 year high of $31.32. The stock has a market capitalization of $684.11 million, a price-to-earnings ratio of 334.04 and a beta of 1.80. The stock’s fifty day moving average is $20.37 and its two-hundred day moving average is $15.08.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings data on Wednesday, October 9th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $20.85 million for the quarter, compared to analysts’ expectations of $20.82 million. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.58%. As a group, analysts predict that Byrna Technologies Inc. will post 0.19 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Roth Mkm restated a “buy” rating and issued a $20.00 target price on shares of Byrna Technologies in a research note on Wednesday, October 30th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $17.75.

Insider Activity

In other Byrna Technologies news, CFO Laurilee Kearnes purchased 2,000 shares of the stock in a transaction dated Thursday, October 10th. The shares were bought at an average cost of $14.04 per share, with a total value of $28,080.00. Following the completion of the acquisition, the chief financial officer now owns 2,500 shares of the company’s stock, valued at approximately $35,100. This trade represents a 400.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.08% of the company’s stock.

About Byrna Technologies

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.