Corporate Secretary and Chief Governance Officer (CGO) of Byrna Technologies Inc. (NASDAQ:BYRN), Lisa Wager, has sold a total of 8,333 shares of company stock. The transactions, which took place on May 24, 2024, were executed at a price of $12.00 per share, resulting in a total sale amount of $99,996.
The sale was conducted under a prearranged 10b5-1 trading plan, which allows company insiders to establish predetermined stock trading arrangements at times when they are not in possession of material non-public information. This ensures compliance with insider trading laws and regulations.
Following the sale, Wager retains ownership of 249,555 shares of Byrna Technologies Inc. stock, indicating a continued investment in the company's future. The details of the transactions were made public through a Form 4 filing with the Securities and Exchange Commission (SEC) on May 28, 2024.
Investors and shareholders can obtain further information regarding the specifics of the sale upon request, as Wager has committed to providing full details of each transaction to the SEC, the issuer, or any security holder of the issuer as needed.
Byrna Technologies Inc., known for its diverse range of electrical machinery, equipment, and supplies, is headquartered in Andover, Massachusetts, and operates under the industrial classification of Miscellaneous Electrical Machinery, Equipment & Supplies.
The transactions are part of the routine financial activities of corporate executives, who often buy and sell shares of their own companies for reasons that may include diversification, liquidity, or personal financial management. It is not uncommon for such transactions to occur and they are regularly reported to the SEC to ensure transparency and adherence to market regulations.
InvestingPro Insights
Byrna Technologies Inc. (NASDAQ:BYRN) has caught the attention of the market with its recent stock performance and financial metrics. According to InvestingPro data, Byrna Technologies boasts a market capitalization of $277.84 million, reflecting the market's valuation of the company. Despite a negative P/E ratio of -44.53, indicating that the company is not currently profitable, the firm has demonstrated a notable gross profit margin of 55.1% in the last twelve months as of Q1 2024, suggesting efficient cost management relative to its revenue.
Investors might be intrigued by the company's recent revenue growth, with an impressive quarterly increase of 98.0% as of Q1 2024. This growth trajectory is supported by one of the InvestingPro Tips, which highlights that analysts anticipate sales growth in the current year. Additionally, Byrna Technologies has experienced a significant one-week price total return of 11.29%, aligning with another InvestingPro Tip that points out a large price uptick over the last six months, with a 107.82% increase in that period.
While the sale of shares by Corporate Secretary and Chief Governance Officer Lisa Wager may be a routine transaction, these financial indicators and stock performance metrics provide a broader context for investors looking at Byrna Technologies' overall health and future prospects. For those interested in a deeper analysis, there are additional InvestingPro Tips available that could offer further insights into Byrna Technologies' financial position and market performance. To access these tips and enhance your investment strategy, visit https://www.investing.com/pro/BYRN and remember to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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