Byrna Technologies Inc. (NASDAQ:BYRN) Corporate Secretary and Chief Governance Officer, Lisa Wager, has sold a portion of her company stock, as reported in a recent SEC filing. The transaction, which took place on May 21, 2024, involved the sale of 8,333 shares at a weighted average price of $11.2093 per share, resulting in a total value of approximately $93,407.
The shares were sold under a trading plan that Wager had previously adopted on February 21, 2024, in accordance with Rule 10b5-1. This SEC rule allows company insiders to set up a predetermined plan to sell stocks at a time when they are not in possession of material non-public information. The sales occurred in multiple transactions at varying prices ranging from $10.89 to $11.46.
Following the sale, Wager's remaining stake in Byrna Technologies consists of 257,887 shares of common stock. Investors and the market often monitor insider sales as they can provide insights into an insider’s view of the company's current valuation.
Byrna Technologies, known for its miscellaneous electrical machinery, equipment, and supplies, is incorporated in Delaware and has its business headquarters in Andover, MA. The company was formerly known as Security Devices International Inc. before changing its name.
The details of the sale, including the specific number of shares sold at each price point, will be made available upon request by the SEC, the issuer, or any security holder of the issuer, as noted in the footnote of the SEC filing.
Investors interested in Byrna Technologies can continue to follow the company’s filings and disclosures for further insights into the financial movements of its executives and other insider transactions.
InvestingPro Insights
As Byrna Technologies Inc. (NASDAQ:BYRN) experiences shifts in insider stock ownership, investors are keenly observing the company's financial health and market performance. Recent data from InvestingPro highlights some key financial metrics and analyst insights that could be of interest to stakeholders and potential investors.
InvestingPro data reveals a market capitalization of $253.97 million for Byrna Technologies, reflecting the company's current valuation in the market. Despite a challenging period with the stock price taking a significant hit over the last week, resulting in a -10.64% one-week total price return, the company has demonstrated resilience with an impressive six-month price total return of 108.79%. This volatility is a critical factor for investors to consider, as indicated by an InvestingPro Tip that notes the stock's price movements are quite volatile.
The company's revenue growth also stands out, with a substantial quarterly increase of 98.0% in Q1 2024, which aligns with an InvestingPro Tip that analysts anticipate sales growth in the current year. Moreover, Byrna Technologies boasts a strong gross profit margin of 55.1%, underscoring the company's ability to maintain profitability at the gross level despite not being profitable over the last twelve months, as per another InvestingPro Tip.
For investors seeking more comprehensive analysis and additional insights, InvestingPro offers a range of tips on Byrna Technologies. As of now, there are 14 additional InvestingPro Tips available that can further guide investment decisions, including information on cash holdings, sales growth expectations, and profitability forecasts. Interested readers can explore these tips and take advantage of a special offer using the coupon code PRONEWS24 to get an extra 10% off a yearly or biyearly Pro and Pro+ subscription.
With the next earnings date set for July 22, 2024, stakeholders will be watching closely to see how the company's financials reflect recent market dynamics and insider trading activity.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.