20,995 Shares in Wrap Technologies, Inc. (NASDAQ:WRAP) Purchased by Virtu Financial LLC

Virtu Financial LLC bought a new stake in Wrap Technologies, Inc. (NASDAQ:WRAP) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 20,995 shares of the company’s stock, valued at approximately $45,000.

Several other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Wrap Technologies during the 4th quarter worth about $1,906,000. FNY Investment Advisers LLC acquired a new position in Wrap Technologies during the fourth quarter worth approximately $63,000. Sapient Capital LLC purchased a new position in Wrap Technologies during the fourth quarter worth approximately $53,000. Finally, Geode Capital Management LLC raised its stake in Wrap Technologies by 5.2% during the third quarter. Geode Capital Management LLC now owns 344,401 shares of the company’s stock worth $517,000 after purchasing an additional 17,150 shares during the period. 8.82% of the stock is owned by institutional investors and hedge funds.

Wrap Technologies Trading Down 5.3 %

Shares of Wrap Technologies stock opened at $1.62 on Wednesday. The business’s fifty day moving average price is $2.07 and its 200 day moving average price is $1.82. Wrap Technologies, Inc. has a twelve month low of $1.21 and a twelve month high of $2.58. The stock has a market capitalization of $74.33 million, a P/E ratio of -3.86 and a beta of 1.37.

Wrap Technologies (NASDAQ:WRAP) last released its quarterly earnings data on Monday, March 31st. The company reported ($0.17) earnings per share (EPS) for the quarter. Wrap Technologies had a negative return on equity of 480.59% and a negative net margin of 394.21%. The business had revenue of $0.86 million for the quarter.

Wrap Technologies Company 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.