Elwood Norris Sells 25,100 Shares of Wrap Technologies (NASDAQ:WRAP) 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 owned 742,738 shares in the company, valued at $2,161,367.58. This represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Wrap Technologies Price Performance

NASDAQ:WRAP traded down $0.20 on Thursday, reaching $2.28. 447,625 shares of the company’s stock were exchanged, compared to its average volume of 397,440. The firm has a market cap 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 200-day simple moving average of $2.13. Wrap Technologies, Inc. has a 52 week low of $1.20 and a 52 week high of $3.23.

Wrap Technologies (NASDAQ:WRAP) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.06) EPS for the quarter. The business 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%.

Wrap Technologies News Summary

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

Several institutional investors have recently modified their holdings of WRAP. Thompson Davis & CO. Inc. purchased a new stake in Wrap Technologies in the second quarter worth approximately $103,000. Raymond James Financial Inc. raised 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 worth $1,404,000 after acquiring an additional 36,429 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Wrap Technologies by 45.3% in the 3rd quarter. Squarepoint Ops LLC now owns 50,209 shares of the company’s stock worth $109,000 after acquiring an additional 15,650 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Wrap Technologies by 6.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,660,908 shares of the company’s stock valued at $3,604,000 after purchasing an additional 98,782 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings 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 valued at $84,000 after purchasing an additional 6,442 shares during the last quarter. 8.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently 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 reaffirmed 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 an average rating of “Sell”.

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.