Byrna Technologies director Leonard Elmore buys $46,400 in stock By Investing.com

Leonard J. Elmore, a director at Byrna Technologies Inc. (), acquired 10,000 shares of the company’s common stock on August 6, 2026. The transaction totaled $46,400.

The shares were purchased at a price of $4.64 per share. This acquisition, which was executed on the open market in a single transaction, increased Mr. Elmore’s direct beneficial ownership in Byrna Technologies to 60,811 shares of common stock.The insider purchase comes as BYRN stock has declined roughly 79% over the past year, currently trading at $4.45 with a market cap of $101 million. According to InvestingPro analysis, the stock appears undervalued relative to its Fair Value, placing it among potential opportunities on the Most Undervalued list. Investors can access 14 additional ProTips and comprehensive analysis through the platform’s detailed Pro Research Report.

In other recent news, Byrna Technologies reported disappointing financial results for the second quarter of fiscal year 2026. The company posted revenue of $16.39 million, falling short of analysts’ forecasts of $22.55 million and representing a 42.5% decline from the previous year. Byrna also reported an adjusted loss of $0.44 per share, significantly wider than the expected loss of $0.068 per share. The decline in sales was attributed to weaker performance in both e-commerce and retail channels, alongside reduced reorder activity from dealers and chain stores. Following these results, B.Riley lowered its price target for Byrna Technologies from $21.00 to $12.00, while maintaining a Buy rating. Additionally, Byrna Technologies announced the appointment of James White as Senior Vice President of Retail & Channel Growth. White will be responsible for overseeing the company’s retail and e-commerce sales channels, reporting directly to CEO Conn Davis. These developments highlight ongoing challenges and strategic changes within the company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.