Wrap Technologies (NASDAQ:WRAP) Director Acquires $110,000.00 in Stock

Wrap Technologies, Inc. (NASDAQ:WRAP) Director John Shulman purchased 100,000 shares of Wrap Technologies stock in a transaction dated Wednesday, July 8th. The shares were acquired at an average cost of $1.10 per share, for a total transaction of $110,000.00. Following the transaction, the director directly owned 199,037 shares of the company’s stock, valued at approximately $218,940.70. This represents a 100.97% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wrap Technologies Stock Up 4.2%

Wrap Technologies stock traded up $0.10 during mid-day trading on Friday, reaching $2.46. 10,063,499 shares of the company’s stock were exchanged, compared to its average volume of 3,424,492. Wrap Technologies, Inc. has a twelve month low of $1.04 and a twelve month high of $3.23. The company has a market cap of $137.12 million, a P/E ratio of -8.20 and a beta of 1.37. The company has a fifty day moving average of $1.42 and a 200-day moving average of $1.73.

Wrap Technologies (NASDAQ:WRAP) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The business had revenue of $1.11 million for the quarter, compared to analyst estimates of $1.61 million. Wrap Technologies had a negative return on equity of 115.68% and a negative net margin of 270.03%.

Key Stories Impacting Wrap Technologies

Here are the key news stories impacting Wrap Technologies this week:

• Positive Sentiment: CEO Scot Cohen bought 21,740 shares and Director John D. Shulman bought 100,000 shares at $1.10 per share, a strong vote of confidence from management and the board that often supports the stock. SEC filing – CEO purchase SEC filing – Director purchase
• Positive Sentiment: Wrap Technologies announced a strategic transaction securing U.S. and NATO distribution rights to physics-based sensing technology, which could broaden its product offering and create new revenue opportunities. Strategic transaction announcement
• Positive Sentiment: The company also issued a shareholder letter framing “the next evolution” of WRAP, reinforcing the impression that management is preparing for a broader commercial push. CEO letter to stockholders
• Positive Sentiment: Wrap also highlighted WrapShield, an autonomous defense and public safety platform, adding another growth catalyst and keeping momentum around its less-lethal and public safety technology portfolio. WrapShield launch
• Neutral Sentiment: Unusual call-option activity and editorial coverage about counter-drone and safety technologies point to rising trader interest, but they do not by themselves confirm a lasting fundamental improvement.
• Neutral Sentiment: A short-interest update showed 0 shares short, so there is no meaningful short-squeeze signal from that data point.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WRAP shares. Wall Street Zen lowered shares of Wrap Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings cut shares of Wrap Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Institutional Trading of Wrap Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in WRAP. HRT Financial LP acquired a new position in Wrap Technologies during the fourth quarter worth about $27,000. XTX Topco Ltd acquired a new stake in shares of Wrap Technologies in the 2nd quarter worth approximately $32,000. Osaic Holdings Inc. increased its stake in Wrap Technologies by 13.6% in the 2nd quarter. Osaic Holdings Inc. now owns 53,708 shares of the company’s stock valued at $84,000 after purchasing an additional 6,442 shares in the last quarter. Barclays PLC purchased a new position in Wrap Technologies in the 4th quarter valued at approximately $96,000. Finally, Squarepoint Ops LLC raised its holdings in Wrap Technologies by 45.3% during the third quarter. Squarepoint Ops LLC now owns 50,209 shares of the company’s stock worth $109,000 after purchasing an additional 15,650 shares during the last quarter. Institutional investors and hedge funds own 8.82% of the company’s stock.

About Wrap Technologies

Wrap Technologies, Inc (NASDAQ: WRAP) is a designer and manufacturer of less-lethal restraint devices aimed at law enforcement and security professionals. Its flagship product, the BolaWrap®, is a handheld remote restraint tool that deploys a Kevlar-reinforced cord to safely immobilize individuals from a distance of up to 25 feet. The system is engineered to support de-escalation tactics and reduce reliance on physical force in high-risk encounters.

Based in Scottsdale, Arizona, Wrap Technologies oversees product development, testing and training at its headquarters.