Anyone interested in Byrna Technologies Inc. (NASDAQ:BYRN) should probably be aware that the Chief Governance Officer & Corporate Secretary, Lisa Wager, recently divested US$270k worth of shares in the company, at an average price of US$13.50 each. On the bright side, that sale was only 8.0% of their holding, so we doubt it's very meaningful, on its own.

The Last 12 Months Of Insider Transactions At Byrna Technologies

The insider, Victor Eng, made the biggest insider sale in the last 12 months. That single transaction was for US$444k worth of shares at a price of US$13.42 each. That means that an insider was selling shares at slightly below the current price (US$14.35). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 38% of Victor Eng's holding. Notably Victor Eng was also the biggest buyer, having purchased US$209k worth of shares.

In the last twelve months insiders purchased 76.63k shares for US$209k. But insiders sold 85.41k shares worth US$1.1m. All up, insiders sold more shares in Byrna Technologies than they bought, over the last year. The sellers received a price of around US$12.79, on average. It's not particularly great to see insiders were selling shares at below recent prices. But we wouldn't put too much weight on the insider selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

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$68m worth of shares. That equates to 21% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Byrna Technologies Insiders?

An insider sold stock recently, but they haven't been buying. Despite some insider buying, the longer term picture doesn't make us feel much more positive. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 3 warning signs for Byrna Technologies you should be aware of.

Of course Byrna Technologies may not be the best stock to buy. So you may wish to see this free collection of high quality 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.