Wrap Technologies (NASDAQ:WRAP) Major Shareholder Elwood Norris Sells 55,000 Shares

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 55,000 shares of Wrap Technologies stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $2.36, for a total transaction of $129,800.00. Following the completion of the transaction, the insider directly owned 125,485 shares of the company’s stock, valued at approximately $296,144.60. This trade represents a 30.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Wrap Technologies Stock Performance

Shares of WRAP stock opened at $2.28 on Friday. Wrap Technologies, Inc. has a 52-week low of $1.20 and a 52-week high of $3.23. The stock has a market cap of $117.44 million, a price-to-earnings ratio of -7.60 and a beta of 1.43. The firm’s 50-day moving average is $2.46 and its 200-day moving average is $2.13.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in shares of Wrap Technologies during the second quarter worth $32,000. Osaic Holdings Inc. increased 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 worth $84,000 after acquiring an additional 6,442 shares during the period. Thompson Davis & CO. Inc. bought a new position in Wrap Technologies during the second quarter worth about $103,000. Squarepoint Ops LLC raised its stake in Wrap Technologies by 45.3% in 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 in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in Wrap Technologies by 6.0% in the 3rd 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. Institutional investors own 8.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on WRAP. Wall Street Zen raised shares of Wrap Technologies from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings restated 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.com, the stock presently has an average rating of “Sell”.

Wrap Technologies News Roundup

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.

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.