Wrap Technologies (NASDAQ:WRAP) Major Shareholder Elwood Norris Sells 54,381 Shares

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 54,381 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $2.77, for a total value of $150,635.37. Following the completion of the sale, the insider owned 285,485 shares of the company’s stock, valued at approximately $790,793.45. This represents a 16.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Wrap Technologies Stock Performance

WRAP stock traded down $0.20 during midday 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. Wrap Technologies, Inc. has a 1 year low of $1.20 and a 1 year high of $3.23. The firm has a market capitalization of $117.44 million, a price-to-earnings ratio of -7.60 and a beta of 1.43. The stock has a fifty day simple moving average of $2.46 and a two-hundred day simple moving average of $2.13.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in shares of Wrap Technologies in the second quarter valued at about $32,000. Osaic Holdings Inc. lifted its stake in Wrap Technologies by 13.6% in the 2nd quarter. Osaic Holdings Inc. now owns 53,708 shares of the company’s stock valued at $84,000 after buying an additional 6,442 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new stake in Wrap Technologies in the 2nd quarter worth about $103,000. Squarepoint Ops LLC increased its stake in Wrap Technologies by 45.3% during the 3rd quarter. Squarepoint Ops LLC now owns 50,209 shares of the company’s stock worth $109,000 after buying an additional 15,650 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in Wrap Technologies by 6.0% during the 3rd quarter. Raymond James Financial Inc. now owns 646,853 shares of the company’s stock worth $1,404,000 after buying an additional 36,429 shares in the last quarter. 8.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Key Stories Impacting 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.

About Wrap Technologies

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.