Sapient Capital LLC Buys New Position in Wrap Technologies, Inc. (NASDAQ:WRAP)

Sapient Capital LLC bought a new stake in Wrap Technologies, Inc. (NASDAQ:WRAP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,000 shares of the company’s stock, valued at approximately $53,000.

A number of other large investors also recently modified their holdings of WRAP. GSA Capital Partners LLP boosted its position in shares of Wrap Technologies by 57.5% in the third quarter. GSA Capital Partners LLP now owns 29,656 shares of the company’s stock valued at $44,000 after acquiring an additional 10,827 shares during the period. FNY Investment Advisers LLC acquired a new position in Wrap Technologies during the 4th quarter valued at $63,000. Finally, Geode Capital Management LLC boosted its holdings in Wrap Technologies by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 344,401 shares of the company’s stock valued at $517,000 after purchasing an additional 17,150 shares during the period. 8.82% of the stock is currently owned by institutional investors and hedge funds.

Wrap Technologies Stock Performance

NASDAQ:WRAP opened at $1.93 on Thursday. The firm’s 50-day moving average is $1.93 and its 200-day moving average is $1.70. The company has a market cap of $88.55 million, a price-to-earnings ratio of -4.60 and a beta of 1.38. Wrap Technologies, Inc. has a 52-week low of $1.21 and a 52-week high of $4.54.

Wrap Technologies Profile

Wrap Technologies, Inc, a public safety technology and services company, develops policing solutions to law enforcement and security personnel. The company's flagship product is BolaWrap 150, a handheld remote restraint device that discharges a seven and a half-foot Kevlar tether, entangling an individual from a range of 10-25 feet.