Independent Director of Byrna Technologies Picks Up 343% More Stock
Even if it's not a huge purchase, we think it was good to see that Adam Roth, the Independent Director of Byrna Technologies Inc. (NASDAQ:BYRN) recently shelled out US$70k to buy stock, at US$4.69 per share. While that isn't the hugest buy, it actually boosted their shareholding by 343%, which is good to see.
The Last 12 Months Of Insider Transactions At Byrna Technologies
The insider, Bryan Ganz, made the biggest insider sale in the last 12 months. That single transaction was for US$309k worth of shares at a price of US$7.04 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$4.84. So it is hard to draw any strong conclusion from it. Bryan Ganz was the only individual insider to sell over the last year. Notably Bryan Ganz was also the biggest buyer, having purchased US$917k worth of shares.
Happily, we note that in the last year insiders paid US$917k for 250.52k shares. But insiders sold 44.20k shares worth US$309k. In the last twelve months there was more buying than selling by Byrna Technologies insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
View our latest analysis for Byrna Technologies
Byrna Technologies is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Byrna Technologies Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Byrna Technologies insiders own about US$25m worth of shares. That equates to 22% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Byrna Technologies Tell Us?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. When combined with notable insider ownership, these factors suggest Byrna Technologies insiders are well aligned, and that they may think the share price is too low. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 2 warning signs for Byrna Technologies you should know about.
But note: Byrna Technologies may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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.