SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 10.3% Passive Stake in Byrna Technologies Inc.

Sentiment:

Beneficial Ownership Report 7 April 2025 2:05 PM

FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a combined beneficial ownership of 10.3% of Byrna Technologies Inc.'s common stock as of March 31, 2025.

Summary

FMR LLC and Abigail P. Johnson collectively beneficially own 2,327,936.52 shares of Byrna Technologies Inc. common stock.
This ownership represents 10.3% of the total outstanding common stock of Byrna Technologies Inc.
The filing is an Amendment No. 2 to a Schedule 13G, indicating an update to a previous beneficial ownership report.
The shares are held for investment purposes in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
FMR LLC has sole voting power over 2,327,649.00 shares, while Abigail P. Johnson has no sole voting power. Both have sole dispositive power over the aggregate amount of 2,327,936.52 shares.
Fidelity Management & Research Company LLC and Strategic Advisers LLC are identified as relevant entities, with Fidelity Management & Research Company LLC owning 5% or more of the outstanding shares.
Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, along with other Johnson family members, are predominant owners of FMR LLC's Series B voting common shares, forming a controlling group for FMR LLC.

Sentiment

Score: 7

Explanation: The disclosure of a significant passive stake by a major institutional investor like FMR LLC is generally viewed positively as it indicates confidence in the company's long-term prospects without immediate intent to influence control.

Positives

A major institutional investor (FMR LLC/Fidelity) holds a significant stake (10.3%) in Byrna Technologies Inc., which can be interpreted as a vote of confidence in the company's prospects.
The filing indicates a passive investment strategy, suggesting no immediate intent to influence company control, which can provide stability and reduce uncertainty for other investors.

Future Outlook

Industry Context

Stakeholder Impact

Shareholders: The disclosure of a significant institutional holding by a reputable firm like FMR LLC may increase investor confidence and potentially contribute to stock price stability.
Management: The passive nature of the investment suggests no immediate pressure or intent to influence management's strategic decisions, allowing current leadership to continue their plans.

Key Dates

Date	Description
2023-01-03	Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries.
2023-01-26	Effective date of Power of Attorney for Abigail P. Johnson.
2025-03-31	Date of event which requires filing of this statement (reporting period end date).
2025-04-04	Date of filing of this Schedule 13G Amendment No. 2.

Recommendation

hold

Keywords

Byrna Technologies Inc., BYRN, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing

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