Wrap Technologies (NASDAQ:WRAP) Major Shareholder Elwood Norris Sells 10,000 Shares

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $2.29, for a total transaction of $22,900.00. Following the sale, the insider directly owned 569,867 shares of the company’s stock, valued at $1,304,995.43. The trade was a 1.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Wrap Technologies Price Performance

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

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

Institutional Investors Weigh In On Wrap Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. lifted its holdings in Wrap Technologies by 6.0% in the third quarter. Raymond James Financial Inc. now owns 646,853 shares of the company’s stock worth $1,404,000 after acquiring an additional 36,429 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of Wrap Technologies by 45.3% during the third quarter. Squarepoint Ops LLC now owns 50,209 shares of the company’s stock valued at $109,000 after purchasing an additional 15,650 shares during the last quarter. Vanguard Group Inc. raised its position in shares of 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 during the period. Osaic Holdings Inc. raised its position in shares of Wrap Technologies by 13.6% during the 2nd quarter. Osaic Holdings Inc. now owns 53,708 shares of the company’s stock worth $84,000 after purchasing an additional 6,442 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Wrap Technologies in the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 8.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WRAP. Wall Street Zen upgraded Wrap Technologies from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Wrap Technologies in a report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Wrap Technologies News Roundup

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.