LPL Financial LLC Sells 20,192 Shares of Byrna Technologies Inc. (NASDAQ:BYRN)

LPL Financial LLC lessened its position in Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 51.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,873 shares of the company's stock after selling 20,192 shares during the period. LPL Financial LLC owned about 0.08% of Byrna Technologies worth $544,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BYRN. Sound View Wealth Advisors Group LLC lifted its holdings in shares of Byrna Technologies by 0.3% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 106,735 shares of the company's stock valued at $3,075,000 after buying an additional 355 shares during the period. Global Retirement Partners LLC bought a new position in shares of Byrna Technologies in the fourth quarter valued at approximately $30,000. NCP Inc. bought a new stake in shares of Byrna Technologies in the fourth quarter valued at approximately $37,000. Bank of New York Mellon Corp raised its holdings in Byrna Technologies by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 138,445 shares of the company's stock valued at $3,989,000 after acquiring an additional 2,899 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Byrna Technologies during the 4th quarter valued at about $134,000. Hedge funds and other institutional investors own 25.46% of the company's stock.

Analysts Set New Price Targets

Separately, Roth Mkm reaffirmed a "buy" rating and set a $33.00 price target on shares of Byrna Technologies in a report on Thursday, March 20th.

Insider Buying and Selling

In related news, insider Lisa Wager sold 12,500 shares of the firm's stock in a transaction dated 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 owns 212,055 shares of the company's stock, valued at approximately $6,230,175.90. This trade represents a 5.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Emily Rooney acquired 2,500 shares of Byrna Technologies stock in a transaction on Tuesday, April 22nd. The stock was purchased at an average cost of $20.50 per share, with a total value of $51,250.00. Following the completion of the transaction, the director now directly owns 37,564 shares in the company, valued at $770,062. This represents a 7.13 % increase in their position. The disclosure for this purchase can be found here. 11.08% of the stock is owned by corporate insiders.

Byrna Technologies Stock Down 0.6 %

Shares of BYRN traded down $0.14 during trading hours on Wednesday, reaching $22.39. The stock had a trading volume of 370,549 shares, compared to its average volume of 482,694. The company has a market cap of $507.51 million, a P/E ratio of 41.46 and a beta of 2.19. Byrna Technologies Inc. has a 52 week low of $7.79 and a 52 week high of $34.78. The firm has a 50-day moving average of $20.22 and a 200 day moving average of $22.66.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced its quarterly earnings results on Thursday, April 10th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.05. The firm had revenue of $26.19 million during the quarter, compared to analysts' expectations of $23.26 million. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. As a group, equities analysts expect that Byrna Technologies Inc. will post 0.28 earnings per share for the current year.

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.