Wrap Technologies (NASDAQ:WRAP) Major Shareholder Sells $54,000.00 in Stock

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $2.16, for a total transaction of $54,000.00. Following the transaction, the insider owned 200,485 shares in the company, valued at approximately $433,047.60. This represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 Down 8.1%

WRAP 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. The firm has a market capitalization of $117.44 million, a P/E ratio of -7.60 and a beta of 1.43. Wrap Technologies, Inc. has a 1 year low of $1.20 and a 1 year high of $3.23. The business 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 announced its earnings results on Wednesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter. Wrap Technologies had a negative net margin of 300.11% and a negative return on equity of 194.93%. The company had revenue of $3.51 million for the quarter.

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 Trading of Wrap Technologies

A number of institutional investors have recently bought and sold shares of WRAP. Vanguard Group Inc. grew its position in Wrap Technologies by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,660,908 shares of the company’s stock worth $3,604,000 after purchasing an additional 98,782 shares during the last quarter. Raymond James Financial Inc. lifted 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 buying an additional 36,429 shares during the period. Thompson Davis & CO. Inc. acquired a new stake in shares of Wrap Technologies during the second quarter worth $103,000. Osaic Holdings Inc. grew its holdings in shares of 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 buying an additional 6,442 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position 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 acquiring an additional 15,650 shares during the period. 8.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WRAP has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Wrap Technologies in a research note on Friday, January 9th. Wall Street Zen upgraded Wrap Technologies from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.