Insider Selling: Wrap Technologies (NASDAQ:WRAP) Major Shareholder Sells 75,001 Shares of Stock

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 75,001 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $2.62, for a total transaction of $196,502.62. Following the completion of the sale, the insider owned 344,866 shares of the company’s stock, valued at approximately $903,548.92. The trade was a 17.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Wrap Technologies Trading Down 8.1%

NASDAQ WRAP traded down $0.20 during trading on Thursday, reaching $2.28. The company’s stock had a trading volume of 447,625 shares, compared to its average volume of 397,440. The stock has a market capitalization of $117.44 million, a PE ratio of -7.60 and a beta of 1.43. Wrap Technologies, Inc. has a 1-year low of $1.20 and a 1-year high of $3.23. The business has a 50-day moving average price of $2.46 and a 200-day moving average price of $2.13.

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

Analyst Upgrades and Downgrades

WRAP has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Wrap Technologies in a research note on Friday, January 9th. Wall Street Zen upgraded Wrap Technologies from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Key Wrap Technologies News

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.

Hedge Funds Weigh In On Wrap Technologies

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Wrap Technologies by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,660,908 shares of the company’s stock worth $3,604,000 after purchasing an additional 98,782 shares in the last quarter. Thompson Davis & CO. Inc. bought a new stake in Wrap Technologies in the second quarter valued at approximately $103,000. Raymond James Financial Inc. boosted its stake in shares of Wrap Technologies by 6.0% in the 3rd 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 during the last quarter. XTX Topco Ltd acquired a new stake in Wrap Technologies during the 2nd quarter worth about $32,000. Finally, Squarepoint Ops LLC grew its stake in Wrap Technologies by 45.3% during 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. Institutional investors and hedge funds own 8.82% of the company’s stock.

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.