Cubist Systematic Strategies LLC Buys Shares of 31,907 Byrna Technologies Inc. $BYRN

Key Points

• Cubist Systematic Strategies LLC acquired 31,907 shares of Byrna Technologies Inc., valued at approximately $537,000, during the first quarter, representing about 0.14% of the company's stock.
• Several large investors, including Driehaus Capital Management LLC and Nuveen Asset Management LLC, significantly increased their holdings in Byrna Technologies, showcasing strong institutional interest in the company.
• Byrna Technologies' stock received a consensus rating of "Buy" from analysts, with target prices ranging from $37.00 to $46.00, indicating positive sentiment about the company's future performance.

Cubist Systematic Strategies LLC purchased a new position in Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 31,907 shares of the company's stock, valued at approximately $537,000. Cubist Systematic Strategies LLC owned about 0.14% of Byrna Technologies at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. purchased a new position in shares of Byrna Technologies during the 4th quarter worth about $942,000. Nuveen Asset Management LLC increased its position in Byrna Technologies by 1,039.5% during the fourth quarter. Nuveen Asset Management LLC now owns 266,239 shares of the company's stock worth $7,670,000 after purchasing an additional 242,875 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Byrna Technologies during the fourth quarter worth approximately $65,000. GAMMA Investing LLC boosted its holdings in shares of Byrna Technologies by 3,377.2% in the 1st quarter. GAMMA Investing LLC now owns 4,277 shares of the company's stock valued at $72,000 after purchasing an additional 4,154 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of Byrna Technologies during the 4th quarter valued at $203,000. Hedge funds and other institutional investors own 25.46% of the company's stock.

Analysts Set New Price Targets

BYRN has been the topic of several research reports. Roth Capital increased their target price on Byrna Technologies from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Craig Hallum started coverage on Byrna Technologies in a report on Wednesday, July 16th. They issued a "buy" rating and a $39.00 price objective on the stock. Wolfe Research raised shares of Byrna Technologies to a "strong-buy" rating in a research report on Friday, June 6th. Finally, B. Riley restated a "buy" rating and issued a $46.00 price target (up previously from $39.00) on shares of Byrna Technologies in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat, Byrna Technologies currently has an average rating of "Buy" and a consensus target price of $38.75.

Byrna Technologies Trading Up 1.6%

NASDAQ:BYRN traded up $0.32 during trading hours on Tuesday, hitting $20.35. The stock had a trading volume of 328,419 shares, compared to its average volume of 469,600. The company has a market cap of $461.95 million, a PE ratio of 32.82 and a beta of 2.02. The business has a 50 day simple moving average of $21.34 and a two-hundred day simple moving average of $22.92. Byrna Technologies Inc. has a 1-year low of $13.10 and a 1-year high of $34.78.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last posted its earnings results on Thursday, July 10th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. The business had revenue of $28.51 million for the quarter, compared to analysts' expectations of $28.47 million. Byrna Technologies had a net margin of 14.28% and a return on equity of 16.96%. Research analysts expect that Byrna Technologies Inc. will post 0.28 EPS for the current fiscal year.

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.