Wrap Technologies (NASDAQ:WRAP) Director John Shulman Buys 100,000 Shares

Wrap Technologies, Inc. (NASDAQ:WRAP) Director John Shulman purchased 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The stock was bought at an average price of $1.10 per share, for a total transaction of $110,000.00. Following the purchase, the director directly owned 199,037 shares in the company, valued at $218,940.70. The trade was a 100.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Wrap Technologies Trading Up 48.4%

Shares of NASDAQ:WRAP opened at $2.36 on Friday. The stock has a fifty day simple moving average of $1.40 and a two-hundred day simple moving average of $1.73. The stock has a market capitalization of $131.55 million, a price-to-earnings ratio of -7.87 and a beta of 1.37. Wrap Technologies, Inc. has a 12-month low of $1.04 and a 12-month high of $3.23.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. HRT Financial LP purchased a new position in shares of Wrap Technologies during the 4th quarter valued at about $27,000. XTX Topco Ltd bought a new position in Wrap Technologies during the second quarter valued at approximately $32,000. Barclays PLC bought a new position in shares of Wrap Technologies during the 4th quarter valued at approximately $96,000. Squarepoint Ops LLC grew its holdings in shares of Wrap Technologies by 45.3% in the third quarter. Squarepoint Ops LLC now owns 50,209 shares of the company’s stock valued at $109,000 after purchasing an additional 15,650 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Wrap Technologies in the fourth quarter valued at $126,000. Hedge funds and other institutional investors own 8.82% of the company’s stock.

Key Wrap Technologies News

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 insider-buying signal that can boost investor confidence. SEC filing – CEO purchase SEC filing – Director purchase
• Positive Sentiment: Wrap launched WrapShield, an AI-powered autonomous defense and public safety platform, which could expand its addressable market and support future revenue growth. Wrap Technologies launches WrapShield
• Positive Sentiment: The company also highlighted a new key transaction securing exclusive distribution rights to transformative detection technologies, potentially strengthening its product lineup and commercialization strategy. Exclusive distribution rights announcement
• Neutral Sentiment: Unusual options activity showed heavy call buying, indicating traders are positioning for more upside but not confirming a fundamental change.
• Neutral Sentiment: Wrap was also featured in multiple editorial/newswire pieces about nonlethal law-enforcement technology and counter-drone threats, adding visibility but limited direct financial impact. Editorial coverage
• Negative Sentiment: One article noted the stock had been trading down earlier, suggesting volatility remains high despite the recent positive catalysts. Wrap Technologies trading down article

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WRAP. Weiss Ratings downgraded shares of Wrap Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. Wall Street Zen cut shares of Wrap Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

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.