Sapient Capital LLC Purchases New Position in Wrap Technologies, Inc. (NASDAQ:WRAP)

Sapient Capital LLC acquired a new position in Wrap Technologies, Inc. (NASDAQ:WRAP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $53,000. Sapient Capital LLC owned about 0.05% of Wrap Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WRAP. GSA Capital Partners LLP boosted its stake in shares of Wrap Technologies by 57.5% during the 3rd quarter. GSA Capital Partners LLP now owns 29,656 shares of the company’s stock worth $44,000 after acquiring an additional 10,827 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Wrap Technologies in the 4th quarter worth approximately $63,000. Finally, Geode Capital Management LLC lifted its holdings in Wrap Technologies by 5.2% in the 3rd 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 last quarter. Institutional investors own 8.82% of the company’s stock.

Wrap Technologies Price Performance

NASDAQ:WRAP opened at $1.93 on Thursday. The company’s 50 day moving average is $1.93 and its 200-day moving average is $1.70. Wrap Technologies, Inc. has a 12 month low of $1.21 and a 12 month high of $4.54. The firm has a market cap of $88.55 million, a price-to-earnings ratio of -4.60 and a beta of 1.38.

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.