Elwood Norris Sells 31,991 Shares of Wrap Technologies (NASDAQ:WRAP) Stock

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 31,991 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $2.08, for a total value of $66,541.28. Following the transaction, the insider owned 5,268,033 shares in the company, valued at approximately $10,957,508.64. This represents a 0.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Wrap Technologies Stock Performance

Shares of NASDAQ WRAP opened at $1.49 on Thursday. Wrap Technologies, Inc. has a 1 year low of $1.20 and a 1 year high of $3.23. The firm has a market cap of $82.70 million, a price-to-earnings ratio of -7.09 and a beta of 1.41. The stock’s 50-day simple moving average is $1.54 and its 200-day simple moving average is $2.05.

Wrap Technologies (NASDAQ:WRAP) last announced its earnings results on Thursday, March 26th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. Wrap Technologies had a negative return on equity of 103.50% and a negative net margin of 198.63%.The business had revenue of $1.40 million for the quarter, compared to analyst estimates of $1.61 million.

Key Headlines Impacting Wrap Technologies

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

• Positive Sentiment: Company announced it will report Q1 2026 results and host a conference call on May 13 — provides a clear near-term catalyst and fresh company guidance/data that can re-price the stock. Earnings Release
• Neutral Sentiment: Recent Q1 reported results (Mar. 26) showed an EPS beat versus consensus (loss per share slightly better than expected) but revenue came in below estimates and margins remain deeply negative — mixed fundamentals that leave upside dependent on revenue recovery and margin improvement. MarketBeat WRAP profile
• Neutral Sentiment: Institutional activity: several small hedge funds and institutions have taken or adjusted positions recently (ownership remains concentrated; institutional ownership ~8.8%) — these flows are currently small in dollar terms but could matter given WRAP’s low float. Institutional Holdings
• Negative Sentiment: Major shareholder Elwood G. Norris has executed multiple sales (Feb. 2–10), including recent disclosed blocks of 31,991; 75,000; 35,000; 27,104; and 20,000 shares — ongoing insider selling can be perceived negatively and adds selling pressure. SEC Filing
• Negative Sentiment: Independent reporting of the insider sale activity (summary article) highlights the size and frequency of these disposals, which may amplify investor concern ahead of the earnings release. InsiderTrades article

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wrap Technologies in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Wrap Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. XTX Topco Ltd bought a new stake in Wrap Technologies in the second quarter valued at about $32,000. Osaic Holdings Inc. increased its holdings in Wrap Technologies by 13.6% in the second 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 during the last quarter. Vanguard Group Inc. increased its holdings in Wrap Technologies by 6.3% in the third quarter. Vanguard Group Inc. now owns 1,660,908 shares of the company’s stock valued at $3,604,000 after buying an additional 98,782 shares during the last quarter. Squarepoint Ops LLC increased 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 valued at $109,000 after buying an additional 15,650 shares during the last quarter. Finally, Raymond James Financial Inc. increased 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 valued at $1,404,000 after buying an additional 36,429 shares during the last quarter. 8.82% of the stock is owned by hedge funds and other institutional investors.

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.