Cubist Systematic Strategies LLC Acquires 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 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Driehaus Capital Management LLC increased its holdings in shares of Byrna Technologies by 39.3% in the 1st quarter. Driehaus Capital Management LLC now owns 449,848 shares of the company's stock worth $7,575,000 after acquiring an additional 126,894 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Byrna Technologies by 1,039.5% in the fourth quarter. Nuveen Asset Management LLC now owns 266,239 shares of the company's stock worth $7,670,000 after buying an additional 242,875 shares during the period. Nuveen LLC acquired a new position in shares of Byrna Technologies in the first quarter worth about $3,890,000. Northern Trust Corp boosted its holdings in shares of Byrna Technologies by 6.4% in the fourth quarter. Northern Trust Corp now owns 149,157 shares of the company's stock worth $4,297,000 after buying an additional 9,031 shares during the period. Finally, McCollum Christoferson Group LLC boosted its holdings in shares of Byrna Technologies by 1.7% during the first quarter. McCollum Christoferson Group LLC now owns 95,925 shares of the company's stock worth $1,615,000 after purchasing an additional 1,605 shares during the period. Institutional investors and hedge funds own 25.46% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on BYRN. Wolfe Research upgraded shares of Byrna Technologies to a "strong-buy" rating in a report on Friday, June 6th. Roth Capital boosted their target price on shares of 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 began coverage on shares of Byrna Technologies in a research report on Wednesday, July 16th. They set a "buy" rating and a $39.00 target price on the stock. Finally, B. Riley reiterated a "buy" rating and set a $46.00 price target (up previously from $39.00) on shares of Byrna Technologies in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $38.75.

Byrna Technologies Price Performance

Shares of NASDAQ:BYRN opened at $20.74 on Thursday. The firm's 50 day simple moving average is $22.36 and its 200 day simple moving average is $23.11. Byrna Technologies Inc. has a fifty-two week low of $13.10 and a fifty-two week high of $34.78. The company has a market capitalization of $470.80 million, a price-to-earnings ratio of 33.45 and a beta of 2.02.

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

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.

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