Insider Selling: Wrap Technologies, Inc. (NASDAQ:WRAP) Director Sells 12,730 Shares of Stock

Wrap Technologies, Inc. (NASDAQ:WRAP) Director Kevin W. Mullins sold 12,730 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $2.10, for a total value of $26,733.00. Following the completion of the sale, the director now directly owns 483,421 shares in the company, valued at $1,015,184.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Wrap Technologies Price Performance

Shares of NASDAQ WRAP opened at $2.00 on Friday. Wrap Technologies, Inc. has a 1-year low of $1.21 and a 1-year high of $7.01. The business’s fifty day moving average price is $1.62 and its two-hundred day moving average price is $2.54.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Financial Security Advisor Inc. increased its holdings in shares of Wrap Technologies by 31.1% during the first quarter. Financial Security Advisor Inc. now owns 31,049 shares of the company’s stock valued at $70,000 after purchasing an additional 7,361 shares during the period. Meridian Wealth Management LLC increased its holdings in shares of Wrap Technologies by 61.6% during the fourth quarter. Meridian Wealth Management LLC now owns 29,500 shares of the company’s stock valued at $91,000 after purchasing an additional 11,250 shares during the period. Core Wealth Partners LLC acquired a new position in shares of Wrap Technologies during the first quarter valued at $26,000. PFG Investments LLC acquired a new position in shares of Wrap Technologies during the first quarter valued at $28,000. Finally, SG Americas Securities LLC acquired a new position in shares of Wrap Technologies during the first quarter valued at $42,000. 8.82% of the stock is owned by institutional investors and hedge funds.

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.