On November 15, 2024, Laurilee Kearnes, Chief Financial Officer of Byrna Technologies Inc (BYRN, Financial), purchased 1,000 shares of the company at a price of $18.6 per share. This transaction was documented in an SEC Filing. Following this acquisition, the insider now owns 3,500 shares of Byrna Technologies Inc.
Byrna Technologies Inc specializes in the development and manufacturing of non-lethal personal security devices. The company aims to provide innovative solutions for self-defense, enhancing safety without the use of firearms.
Over the past year, the insider has increased their holdings by purchasing a total of 3,000 shares and has not sold any shares. This recent acquisition aligns with a broader pattern of insider activity at the company, which includes 2 insider buys and 14 insider sells over the last year.
Shares of Byrna Technologies Inc were trading at $18.6 on the day of the transaction, giving the company a market cap of approximately $428.45 million. The price-earnings ratio of the stock stands at 209.45, significantly above both the industry median and the company's historical median.
The stock's GF Value is estimated at $14.61, indicating a price-to-GF-Value ratio of 1.27. This suggests that Byrna Technologies Inc is modestly overvalued.
This insider buying activity may be of interest to investors looking for signals from company executives about their confidence in the firm's future prospects, especially in the context of its current valuation and market performance.
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.
