Wrap Technologies (NASDAQ:WRAP) Major Shareholder Sells $12,900.00 in Stock

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $2.58, for a total value of $12,900.00. Following the completion of the sale, the insider directly owned 682,738 shares of the company’s stock, valued at approximately $1,761,464.04. This represents a 0.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Wrap Technologies Stock Down 4.4%

WRAP opened at $2.18 on Friday. The company has a market cap of $112.29 million, a P/E ratio of -7.27 and a beta of 1.43. The firm’s 50-day moving average price is $2.47 and its 200-day moving average price is $2.14. Wrap Technologies, Inc. has a 52-week low of $1.20 and a 52-week high of $3.23.

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

Institutional Trading of Wrap Technologies

Large investors have recently made changes to their positions in the business. Raymond James Financial Inc. increased its stake in shares of 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 period. Squarepoint Ops LLC grew its position 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 purchasing an additional 15,650 shares during the period. Vanguard Group Inc. raised its stake 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 valued at $3,604,000 after buying an additional 98,782 shares during the last quarter. Osaic Holdings Inc. raised its stake 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 buying an additional 6,442 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Wrap Technologies in the 2nd quarter valued at about $32,000. 8.82% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Wrap Technologies

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

• Positive Sentiment: Product / contract relevance — Wrap announced a U.S.‑produced, NDAA‑compliant next‑generation WrapVision body‑worn camera (IONODES PERCEPT BC200), which improves eligibility for federal and state procurement and could help open government/enterprise contracts. Wrap Advances WrapVision (GlobeNewswire)
• Neutral Sentiment: Technicals & trading — volume is modestly above average and the stock sits between its 50‑day (~$2.46) and 200‑day (~$2.13) moving averages; that mixed technical picture can amplify moves from news or insider flows.
• Neutral Sentiment: Institutional activity — several funds (Vanguard, Raymond James, Squarepoint, Osaic) have meaningfully adjusted stakes recently; institutional ownership remains modest (~8.8%), so flows can move the thinly traded stock more than for larger caps.
• Negative Sentiment: Large insider selling — Elwood G. Norris (a >10% holder) executed numerous sales across Oct–Nov (and earlier), materially reducing his position; continued disclosed sales increase float and signal reduced insider conviction, a likely driver of downward pressure. SEC Insider Sale Filings
• Negative Sentiment: Weak near‑term fundamentals — most recent quarter showed a small loss per share, negative margins and only ~$3.5M revenue; with a negative ROE and negative net margin, investors are focused on contract wins and cash runway rather than earnings upside.
• Negative Sentiment: Analyst consensus & ratings — the stock carries a weak consensus (MarketBeat shows a “Sell” consensus; at least one firm reaffirmed a sell rating), which can limit buyer interest until clearer revenue/contract momentum appears.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Wrap Technologies in a research note on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Wrap Technologies currently 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.