Wrap Technologies (NASDAQ:WRAP) Major Shareholder Sells $150,635.37 in Stock

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 54,381 shares of the business’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 directly owned 285,485 shares in the company, valued at $790,793.45. This trade represents a 16.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Wrap Technologies Price Performance

Shares of Wrap Technologies stock traded down $0.20 during trading on Thursday, hitting $2.28. 447,625 shares of the company’s stock traded hands, 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 business has a 50-day simple moving average of $2.46 and a 200-day simple moving average of $2.13. The stock has a market capitalization of $117.44 million, a P/E ratio of -7.60 and a beta of 1.43.

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

Wall Street Analyst Weigh In

WRAP has been the topic of several analyst reports. 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 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.com, Wrap Technologies presently has a consensus 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.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew 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 worth $3,604,000 after buying an additional 98,782 shares in the last quarter. Raymond James Financial Inc. grew its position 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 in the last quarter. Thompson Davis & CO. Inc. bought a new stake in Wrap Technologies during the second quarter worth approximately $103,000. Osaic Holdings Inc. raised its position in Wrap Technologies by 13.6% during the second 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 period. Finally, Squarepoint Ops LLC lifted its stake 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 valued at $109,000 after purchasing an additional 15,650 shares during the last quarter. Institutional investors own 8.82% of the company’s stock.

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.