Wrap Technologies Stock Price Plunges, Insiders Reconsider US$2.57m Purchase

Wrap Technologies' stock has declined 10% to $66m, disappointing insiders who bought $2.57m worth of shares at an average price of $1.80 in the past 12 months. The founder, Scot Cohen, made the largest purchase of $2m worth of shares at $1.80 each, while insiders have purchased 1.43m shares for $2.6m and sold 133.80k shares for $226k in the last 12 months.

Wrap Technologies' stock (WRAP) has experienced a notable decline, falling 10% to $66 million. This drop has been a disappointment to insiders who have purchased shares in the past 12 months. The founder, Scot Cohen, made the largest purchase, buying $2 million worth of shares at an average price of $1.80 each. Other insiders have purchased 1.43 million shares for $2.6 million and sold 133,800 shares for $226,000 in the last 12 months [1].

The stock's recent performance comes ahead of the company's Q2 2025 earnings conference call scheduled for Thursday, August 14, 2025, at 4:30 p.m. ET. Wrap Technologies plans to release its financial and operational results for the quarter ended June 30, 2025, before the call. Shareholders can submit questions to ir@wrap.com by August 12, 2025, at 5:00 p.m. ET [2].

The company's latest developments include the appointment of Dr. Todd Larson as Strategic Advisor to guide the development of WrapTactics™, an advanced learning management system for police training. Dr. Larson brings over 30 years of experience in law enforcement and education, including a 22-year career with the Scottsdale Police Department and extensive experience in SWAT operations. The WrapTactics™ platform will focus on three key areas: mindset framing for clarity under pressure, emotion regulation for de-escalation, and tactical precision for safe situation resolution [2].

References:
[1] https://www.stocktitan.net/news/WRAP/wrap-technologies-inc-plans-to-hold-a-conference-call-to-discuss-p37uuhntzipy.html
[2] https://www.stocktitan.net/news/WRAP/