Wrap Technologies (NASDAQ:WRAP) CEO Scot Cohen Acquires 21,740 Shares

Wrap Technologies, Inc. (NASDAQ:WRAP) CEO Scot Cohen acquired 21,740 shares of the stock in a transaction on Wednesday, July 8th. The shares were purchased at an average price of $1.10 per share, with a total value of $23,914.00. Following the completion of the transaction, the chief executive officer owned 6,798,908 shares of the company’s stock, valued at approximately $7,478,798.80. This represents a 0.32% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Wrap Technologies Trading Up 48.4%

Shares of NASDAQ WRAP opened at $2.36 on Friday. The company has a market cap 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. The stock has a 50-day moving average price of $1.40 and a two-hundred day moving average price of $1.73.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Wrap Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Capital Wealth Management LLC raised its stake in Wrap Technologies by 63.9% during the 1st quarter. Royal Capital Wealth Management LLC now owns 89,521 shares of the company’s stock worth $138,000 after buying an additional 34,909 shares during the period. Renaissance Technologies LLC increased its stake in Wrap Technologies by 101.9% during the 1st quarter. Renaissance Technologies LLC now owns 316,762 shares of the company’s stock valued at $488,000 after purchasing an additional 159,862 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Wrap Technologies during the fourth quarter worth $126,000. Barclays PLC acquired a new position in Wrap Technologies during the fourth quarter worth $96,000. Finally, State Street Corp lifted its stake in shares of Wrap Technologies by 16.2% in the fourth quarter. State Street Corp now owns 129,667 shares of the company’s stock valued at $309,000 after buying an additional 18,100 shares in the last quarter. 8.82% of the stock is owned by institutional investors.

Wrap Technologies News Roundup

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

Wrap Technologies Company Profile

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.