Have Insiders Sold Wrap Technologies Shares Recently?

We note that a Wrap Technologies, Inc. (NASDAQ:WRAP) insider, Elwood Norris, recently sold US$50k worth of stock for US$1.68 per share. On the bright side, that's just a small sale and only reduced their holding by 0.5%.

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The Last 12 Months Of Insider Transactions At Wrap Technologies

The Founder Scot Cohen made the biggest insider purchase in the last 12 months. That single transaction was for US$2.0m worth of shares at a price of US$1.80 each. That means that even when the share price was higher than US$1.53 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

Over the last year, we can see that insiders have bought 1.43m shares worth US$2.6m. But they sold 146.53k shares for US$253k. In the last twelve months there was more buying than selling by Wrap Technologies insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Wrap Technologies

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Does Wrap Technologies Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that Wrap Technologies insiders own 31% of the company, worth about US$26m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Wrap Technologies Insiders?

An insider sold stock recently, but they haven't been buying. On the other hand, the insider transactions over the last year are encouraging. And insiders do own shares. So we're happy enough to look past some selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Wrap Technologies. For example, Wrap Technologies has 5 warning signs (and 2 which are a bit unpleasant) we think you should know about.

Of course Wrap Technologies may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.