Wall Street Zen upgraded shares of Wrap Technologies (NASDAQ:WRAP – Free Report) from a sell rating to a hold rating in a research report released on Saturday morning.
Separately, Weiss Ratings cut shares of Wrap Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.
Get Our Latest Analysis on Wrap Technologies
Wrap Technologies Stock Down 13.8%
Wrap Technologies (NASDAQ:WRAP – Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.06. The company had revenue of $2.05 million for the quarter, compared to analyst estimates of $1.61 million. Wrap Technologies had a negative return on equity of 101.24% and a negative net margin of 205.10%.
Insider Buying and Selling
In other Wrap Technologies news, Director John D. Shulman purchased 100,000 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was bought at an average cost of $1.10 per share, with a total value of $110,000.00. Following the acquisition, the director owned 199,037 shares of the company’s stock, 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 available through this hyperlink. Company insiders own 33.26% of the company’s stock.
Institutional Trading of Wrap Technologies
Several institutional investors and hedge funds have recently added to or reduced their stakes in WRAP. HRT Financial LP acquired a new stake in shares of Wrap Technologies during the fourth quarter worth $27,000. XTX Topco Ltd purchased a new position in shares of Wrap Technologies in the second quarter worth approximately $32,000. Barclays PLC acquired a new stake in shares of Wrap Technologies during the fourth quarter valued at approximately $96,000. Squarepoint Ops LLC raised its holdings in shares of Wrap Technologies by 45.3% during the third quarter. Squarepoint Ops LLC now owns 50,209 shares of the company’s stock valued at $109,000 after acquiring an additional 15,650 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Wrap Technologies in the 4th quarter valued at approximately $126,000. 8.82% of the stock is owned by institutional investors and hedge funds.
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.
Read More
- Five stocks we like better than Wrap Technologies
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Receive News & Ratings for Wrap Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wrap Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
