Geode Capital Management LLC Reduces Stock Position in Byrna Technologies Inc. (NASDAQ:BYRN)

Geode Capital Management LLC cut its stake in Byrna Technologies Inc. (NASDAQ:BYRN) by 2.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 391,432 shares of the company’s stock after selling 9,341 shares during the quarter. Geode Capital Management LLC’s holdings in Byrna Technologies were worth $6,644,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. nVerses Capital LLC bought a new position in Byrna Technologies in the 3rd quarter worth about $34,000. Quest Partners LLC purchased a new stake in shares of Byrna Technologies in the third quarter worth about $46,000. MetLife Investment Management LLC lifted its holdings in shares of Byrna Technologies by 129.1% in the third quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock worth $183,000 after buying an additional 6,061 shares in the last quarter. Algert Global LLC bought a new position in shares of Byrna Technologies in the second quarter valued at approximately $131,000. Finally, Centiva Capital LP purchased a new position in Byrna Technologies during the third quarter valued at approximately $286,000. 25.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reiterated 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 company’s stock. According to MarketBeat, Byrna Technologies currently has an average rating of “Buy” and a consensus target price of $17.75.

Byrna Technologies Stock Up 6.0 %

NASDAQ:BYRN opened at $30.01 on Friday. The stock has a market cap of $682.97 million, a P/E ratio of 333.48 and a beta of 1.80. The business’s 50-day moving average price is $21.75 and its two-hundred day moving average price is $15.69. Byrna Technologies Inc. has a twelve month low of $5.36 and a twelve month high of $31.32.

Byrna Technologies (NASDAQ:BYRN) last announced its earnings results on Wednesday, October 9th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $20.85 million for the quarter, compared to the consensus estimate of $20.82 million. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.58%. On average, equities research analysts expect that Byrna Technologies Inc. will post 0.19 EPS for the current fiscal year.

Insider Transactions at Byrna Technologies

In other news, CFO Laurilee Kearnes acquired 2,000 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the chief financial officer now owns 2,500 shares in the company, valued at approximately $35,100. This represents a 400.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.08% of the stock is currently owned by insiders.

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.