On October 10, 2024, Laurilee Kearnes, Chief Financial Officer of Byrna Technologies Inc (BYRN, Financial), purchased 2,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 2,500 shares of Byrna Technologies Inc.
Byrna Technologies Inc specializes in the development and manufacture of non-lethal personal security devices. The company aims to provide innovative solutions for self-defense, enhancing safety without the use of lethal force.
The transaction occurred with the stock priced at $14.04 per share, resulting in a total investment by the insider of $28,080. This purchase reflects a positive sentiment from the insider regarding the company's future prospects.
Over the past year, there have been 5 insider buys and 14 insider sells at Byrna Technologies Inc. The insider transaction history suggests a mixed sentiment among the company's insiders, with more selling activity observed.
The current market cap of Byrna Technologies Inc stands at $317.965 million. The company's price-earnings ratio is 153.41, significantly higher than both the industry median and its historical median, indicating a premium valuation relative to earnings.
According to the GF Value, the stock is considered Fairly Valued with a price-to-GF-Value ratio of 1.01. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates.
This insider buy could signal a belief in the company's ongoing and future initiatives, despite the current valuation metrics suggesting a high price relative to earnings. Investors often look at insider transactions as a sign of confidence in the company's prospects from those who know the company best.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
