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Jared Novick, President and COO of Wrap Technologies (NASDAQ:WRAP), sold 96,988 shares of common stock on August 29, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The company, which currently has a market capitalization of $79.5 million, has seen its stock surge over 22% in the past week, according to InvestingPro data.
The shares were sold at an average price of $1.306, for a total transaction value of $126,666. The prices for the shares sold ranged from $1.261 to $1.351. Following the transaction, Novick directly owns 153,012 shares of Wrap Technologies. InvestingPro analysis indicates the stock is currently trading above its Fair Value, despite the company’s weak financial health score and significant revenue decline of 55.5% over the last twelve months. For deeper insights and additional ProTips about WRAP, including comprehensive valuation metrics and financial health indicators, investors can access the full Pro Research Report on InvestingPro.
In other recent news, Wrap Technologies Inc. reported its Q2 2025 earnings, revealing a negative earnings per share of -0.07 USD and revenue of 1,000,000 USD. The company noted significant improvements in operating efficiency and liquidity as part of a strategic pivot towards new product offerings and cost reductions. Additionally, Wrap Technologies announced the creation of a new Series B Convertible Preferred Stock following a private placement agreement with accredited investors. This agreement involves selling 4,500 shares of Series B Convertible Preferred Stock, convertible into up to 3,000,000 shares of common stock at a conversion price of $1.50 per share.
The private placement also includes warrants to purchase up to 3,000,000 shares of common stock, with an exercise price of $1.50 per share, contingent upon stockholder approval. Furthermore, Wrap Technologies launched WrapTactics, a subscription-based digital learning platform aimed at addressing skill degradation among law enforcement officers. This platform offers short-form training modules focusing on maintaining critical policing skills. These developments reflect Wrap Technologies’ ongoing efforts to enhance its product offerings and expand its market presence.
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