898,905 Shares in Wrap Technologies, Inc. (NASDAQ:WRAP) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in Wrap Technologies, Inc. (NASDAQ:WRAP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 898,905 shares of the company's stock, valued at approximately $1,906,000. Raymond James Financial Inc. owned about 1.96% of Wrap Technologies at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Sapient Capital LLC acquired a new position in Wrap Technologies in the fourth quarter worth approximately $53,000. FNY Investment Advisers LLC acquired a new position in shares of Wrap Technologies during the 4th quarter worth $63,000. Finally, Geode Capital Management LLC raised its holdings in shares of Wrap Technologies by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 344,401 shares of the company's stock valued at $517,000 after purchasing an additional 17,150 shares in the last quarter. 8.82% of the stock is owned by hedge funds and other institutional investors.

Wrap Technologies Stock Performance

Wrap Technologies stock remained flat at $1.47 during mid-day trading on Friday. 370,102 shares of the company's stock traded hands, compared to its average volume of 199,143. Wrap Technologies, Inc. has a 52-week low of $1.21 and a 52-week high of $2.58. The business has a fifty day moving average price of $2.03 and a 200 day moving average price of $1.82. The firm has a market capitalization of $74.23 million, a PE ratio of -3.50 and a beta of 1.34.

Wrap Technologies (NASDAQ:WRAP - Get Free Report) last posted its earnings results on Monday, March 31st. The company reported ($0.17) earnings per share 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 $0.86 million during the quarter.

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.