Insider Selling: Wrap Technologies (NASDAQ:WRAP) Major Shareholder Sells 25,100 Shares of Stock

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 25,100 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $2.91, for a total value of $73,041.00. Following the completion of the sale, the insider directly owned 742,738 shares of the company’s stock, valued at approximately $2,161,367.58. This trade represents a 3.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Wrap Technologies Stock Performance

NASDAQ:WRAP traded down $0.20 during midday trading on Thursday, reaching $2.28. 447,625 shares of the stock traded hands, compared to its average volume of 397,440. The stock has a market capitalization of $117.44 million, a P/E ratio of -7.60 and a beta of 1.43. The company has a fifty day moving average of $2.46 and a 200 day moving average of $2.13. Wrap Technologies, Inc. has a 12 month low of $1.20 and a 12 month high of $3.23.

Wrap Technologies (NASDAQ:WRAP) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.06) EPS for the quarter. Wrap Technologies had a negative net margin of 300.11% and a negative return on equity of 194.93%. The business had revenue of $3.51 million for the quarter.

Institutional Trading of Wrap Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. XTX Topco Ltd bought a new position in shares of Wrap Technologies in the 2nd quarter worth about $32,000. Osaic Holdings Inc. boosted its stake in Wrap Technologies by 13.6% during the second quarter. Osaic Holdings Inc. now owns 53,708 shares of the company’s stock worth $84,000 after acquiring an additional 6,442 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new stake in Wrap Technologies in the second quarter worth about $103,000. Squarepoint Ops LLC grew its holdings in Wrap Technologies by 45.3% in the third quarter. Squarepoint Ops LLC now owns 50,209 shares of the company’s stock worth $109,000 after purchasing an additional 15,650 shares during the period. Finally, Raymond James Financial Inc. increased its stake in shares of Wrap Technologies by 6.0% during the third quarter. Raymond James Financial Inc. now owns 646,853 shares of the company’s stock valued at $1,404,000 after purchasing an additional 36,429 shares in the last quarter. 8.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WRAP shares. Wall Street Zen raised shares of Wrap Technologies from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Wrap Technologies in a research note on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Wrap Technologies currently has an average rating of “Sell”.

Trending Headlines about Wrap Technologies

Here are the key news stories impacting Wrap Technologies this week:

• Positive Sentiment: Launched a next‑generation, U.S.‑produced, NDAA‑compliant WrapVision body‑worn camera platform (IONODES PERCEPT BC200). This targets regulated public‑safety and enterprise procurement (NDAA compliance and U.S. country‑of‑origin improve eligibility for many government contracts). Wrap Advances WrapVision (GlobeNewswire)
• Neutral Sentiment: Technicals and trading: volume is modestly above average and the stock sits between its 50‑day (~$2.46) and 200‑day (~$2.13) moving averages — a mixed technical picture that can amplify moves from news or insider activity.
• Negative Sentiment: Significant insider selling by major shareholder Elwood G. Norris across many transactions (Oct–Nov filings show repeated large share sales and material reductions in his holdings). Heavy, disclosed sales by a >10% holder can increase supply and signal reduced insider conviction, pressuring the share price. SEC Insider Sale Filings
• Negative Sentiment: Recent fundamentals remain weak: last reported quarter showed a small loss per share, negative margins and limited revenue (~$3.5M), which keeps investor focus on cash‑flow and contract wins rather than near‑term profitability.

Wrap Technologies Company Profile

Wrap Technologies, Inc (NASDAQ: WRAP) is a designer and manufacturer of less-lethal restraint devices aimed at law enforcement and security professionals. Its flagship product, the BolaWrap®, is a handheld remote restraint tool that deploys a Kevlar-reinforced cord to safely immobilize individuals from a distance of up to 25 feet. The system is engineered to support de-escalation tactics and reduce reliance on physical force in high-risk encounters.

Based in Scottsdale, Arizona, Wrap Technologies oversees product development, testing and training at its headquarters.