Wrap Technologies (NASDAQ:WRAP) Major Shareholder Elwood Norris Sells 40,000 Shares

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 40,000 shares of Wrap Technologies stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $2.56, for a total transaction of $102,400.00. Following the sale, the insider owned 607,738 shares of the company’s stock, valued at approximately $1,555,809.28. The trade was a 6.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Wrap Technologies Price Performance

NASDAQ:WRAP opened at $2.28 on Friday. The company’s fifty day moving average price is $2.46 and its 200-day moving average price is $2.13. Wrap Technologies, Inc. has a 1-year low of $1.20 and a 1-year high of $3.23. 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 (NASDAQ:WRAP) last posted 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 during the quarter. Wrap Technologies had a negative net margin of 300.11% and a negative return on equity of 194.93%.

Analyst Ratings Changes

Several equities research analysts have commented on WRAP shares. Wall Street Zen upgraded Wrap Technologies from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Wrap Technologies in a research note on Friday, January 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Wrap Technologies presently has a consensus rating of “Sell”.

More Wrap Technologies News

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 and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd purchased a new position in shares of Wrap Technologies during the 2nd quarter valued at approximately $32,000. Squarepoint Ops LLC raised its position in Wrap Technologies by 45.3% during the third 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 period. Osaic Holdings Inc. lifted its holdings 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 in the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of Wrap Technologies in the second quarter valued at about $103,000. Finally, Raymond James Financial Inc. grew its position 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 valued at $1,404,000 after purchasing an additional 36,429 shares during the period. 8.82% of the stock is currently owned by hedge funds and other institutional investors.

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.