Wells Fargo & Company MN Increases Stock Position in Byrna Technologies Inc. (NASDAQ:BYRN)

Wells Fargo & Company MN increased its position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 17.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,180 shares of the company’s stock after buying an additional 1,700 shares during the period. Wells Fargo & Company MN’s holdings in Byrna Technologies were worth $322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of Byrna Technologies by 321.5% during the third quarter. Barclays PLC now owns 24,719 shares of the company’s stock worth $419,000 after acquiring an additional 18,855 shares during the last quarter. Silverleafe Capital Partners LLC bought a new position in shares of Byrna Technologies during the fourth quarter worth about $353,000. Hennion & Walsh Asset Management Inc. acquired a new position in Byrna Technologies in the fourth quarter worth about $616,000. SG Americas Securities LLC bought a new stake in Byrna Technologies in the fourth quarter valued at about $134,000. Finally, New York State Common Retirement Fund raised its stake in Byrna Technologies by 2,200.0% during the fourth quarter. New York State Common Retirement Fund now owns 6,900 shares of the company’s stock valued at $199,000 after buying an additional 6,600 shares in the last quarter. 25.46% of the stock is owned by hedge funds and other institutional investors.

Byrna Technologies Price Performance

Shares of NASDAQ BYRN opened at $22.60 on Tuesday. Byrna Technologies Inc. has a 1-year low of $7.79 and a 1-year high of $34.78. The business’s fifty day moving average price is $19.99 and its two-hundred day moving average price is $22.92. The firm has a market capitalization of $512.27 million, a PE ratio of 41.85 and a beta of 2.18.

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Byrna Technologies news, Director Emily Rooney purchased 2,500 shares of Byrna Technologies stock in a transaction on Tuesday, April 22nd. The stock was bought at an average price of $20.50 per share, for a total transaction of $51,250.00. Following the transaction, the director now owns 37,564 shares of the company’s stock, valued at $770,062. The trade was a 7.13 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lisa Wager sold 12,500 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $29.38, for a total value of $367,250.00. Following the transaction, the insider now directly owns 212,055 shares in the company, valued at $6,230,175.90. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.08% of the company’s stock.

Byrna Technologies 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.