Geode Capital Management LLC Grows Position in Wrap Technologies, Inc. (NASDAQ:WRAP)

Geode Capital Management LLC raised its position in shares of Wrap Technologies, Inc. (NASDAQ:WRAP) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,401 shares of the company’s stock after acquiring an additional 17,150 shares during the period. Geode Capital Management LLC owned approximately 0.75% of Wrap Technologies worth $517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GSA Capital Partners LLP raised its stake in Wrap Technologies by 57.5% during the third quarter. GSA Capital Partners LLP now owns 29,656 shares of the company’s stock valued at $44,000 after purchasing an additional 10,827 shares in the last quarter. Wealthspire Advisors LLC bought a new stake in shares of Wrap Technologies in the 2nd quarter worth about $90,000. Finally, Main Street Financial Solutions LLC raised its position in shares of Wrap Technologies by 16.1% during the 2nd quarter. Main Street Financial Solutions LLC now owns 71,941 shares of the company’s stock valued at $144,000 after buying an additional 10,000 shares in the last quarter. 8.82% of the stock is currently owned by institutional investors.

Wrap Technologies Trading Down 2.4 %

Shares of NASDAQ:WRAP opened at $2.06 on Friday. The company has a market cap of $94.52 million, a price-to-earnings ratio of -4.90 and a beta of 1.39. Wrap Technologies, Inc. has a 12 month low of $1.21 and a 12 month high of $7.01. The company has a 50-day moving average price of $1.72 and a 200 day moving average price of $1.67.

Wrap Technologies (NASDAQ:WRAP) last announced its earnings results on Tuesday, October 15th. The company reported ($0.02) EPS for the quarter. Wrap Technologies had a negative return on equity of 480.59% and a negative net margin of 394.21%. The company had revenue of $1.57 million during the quarter.

Insider Buying and Selling at Wrap Technologies

In related news, major shareholder Elwood G. Norris sold 22,186 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $1.63, for a total transaction of $36,163.18. Following the completion of the transaction, the insider now owns 938,539 shares in the company, valued at $1,529,818.57. The trade was a 2.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 18.57% of the company’s stock.

About Wrap Technologies

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.