Byrna Technologies Inc. (NASDAQ:BYRN) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its stake in Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 81.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 30,000 shares of the company's stock after selling 130,000 shares during the quarter. Federated Hermes Inc. owned 0.14% of Byrna Technologies worth $192,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wealthspire Advisors LLC increased its stake in shares of Byrna Technologies by 3.7% during the third quarter. Wealthspire Advisors LLC now owns 563,079 shares of the company's stock valued at $1,261,000 after buying an additional 20,000 shares during the period. Raymond James & Associates grew its stake in Byrna Technologies by 286.4% in the fourth quarter. Raymond James & Associates now owns 127,592 shares of the company's stock worth $815,000 after purchasing an additional 94,575 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Byrna Technologies by 55.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 56,707 shares of the company's stock worth $127,000 after purchasing an additional 20,138 shares during the period. Institutional investors own 25.46% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on BYRN. B. Riley reaffirmed a "buy" rating and issued a $17.00 price target (up from $14.00) on shares of Byrna Technologies in a research note on Monday, April 8th. LADENBURG THALM/SH SH upped their price target on Byrna Technologies from $12.75 to $16.25 and gave the stock a "buy" rating in a research note on Tuesday, April 9th. Finally, TheStreet raised Byrna Technologies from a "d+" rating to a "c-" rating in a research note on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $13.50.

Byrna Technologies Trading Up 2.0 %

Byrna Technologies stock traded up $0.27 during mid-day trading on Monday, hitting $13.95. The company had a trading volume of 185,620 shares, compared to its average volume of 208,557. The stock's 50 day moving average price is $13.06 and its two-hundred day moving average price is $8.79. Byrna Technologies Inc. has a 12 month low of $2.19 and a 12 month high of $15.34. The company has a market capitalization of $317.17 million, a PE ratio of -49.86 and a beta of 1.75.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last released its earnings results on Friday, April 5th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.12. Byrna Technologies had a negative return on equity of 13.16% and a negative net margin of 11.83%. The business had revenue of $16.65 million for the quarter, compared to the consensus estimate of $16.65 million. Equities research analysts anticipate that Byrna Technologies Inc. will post -0.02 EPS for the current year.

Insiders Place Their Bets

In other Byrna Technologies news, insider Herbert Hughes sold 5,229 shares of the business's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $12.03, for a total value of $62,904.87. Following the sale, the insider now directly owns 137,416 shares of the company's stock, valued at $1,653,114.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 8.44% of the company's stock.

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.