CFO & Treasurer of Byrna Technologies Picks Up 8.9% More Stock

Whilst it may not be a huge deal, we thought it was good to see that the Byrna Technologies Inc. (NASDAQ:BYRN) CFO & Treasurer, David North, recently bought US$54k worth of stock, for US$9.23 per share. However, it only increased their shares held by 8.9%, and it wasn't a huge purchase by absolute value, either.

Check out our latest analysis for Byrna Technologies

The Last 12 Months Of Insider Transactions At Byrna Technologies

In the last twelve months, the biggest single sale by an insider was when the insider, Andre Buys, sold US$245k worth of shares at a price of US$3.58 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$12.38. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 21% of Andre Buys's holding.

Over the last year, we can see that insiders have bought 87.97k shares worth US$284k. But they sold 92.30k shares for US$489k. Over the last year we saw more insider selling of Byrna Technologies shares, than buying. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Does Byrna Technologies Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Byrna Technologies insiders own about US$59m worth of shares. That equates to 21% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Byrna Technologies Tell Us?

The stark truth for Byrna Technologies is that there has been more insider selling than insider buying in the last three months. Zooming out, the longer term picture doesn't give us much comfort. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of Byrna Technologies.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.