Elwood Norris Sells 25,000 Shares of Wrap Technologies (NASDAQ:WRAP) Stock

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 25,000 shares of the stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $2.69, for a total transaction of $67,250.00. Following the transaction, the insider directly owned 469,867 shares in the company, valued at approximately $1,263,942.23. This represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Wrap Technologies Stock Down 4.4%

WRAP stock opened at $2.18 on Friday. The company has a market cap of $112.29 million, a price-to-earnings ratio of -7.27 and a beta of 1.43. The business has a fifty day simple moving average of $2.47 and a 200-day simple moving average of $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 posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $3.51 million for the quarter. Wrap Technologies had a negative net margin of 300.11% and a negative return on equity of 194.93%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on WRAP shares. 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 restated 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, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Trending Headlines about 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.

Institutional Trading of Wrap Technologies

A number of hedge funds have recently made changes to their positions in WRAP. Vanguard Group Inc. lifted its position in shares of Wrap Technologies by 6.3% during the third 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 in the last quarter. Thompson Davis & CO. Inc. purchased a new stake in Wrap Technologies during the 2nd quarter worth $103,000. Raymond James Financial Inc. lifted 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 worth $1,404,000 after buying an additional 36,429 shares in the last quarter. XTX Topco Ltd purchased a new position in Wrap Technologies in the 2nd quarter valued at about $32,000. Finally, Squarepoint Ops LLC grew its stake in shares of Wrap Technologies by 45.3% during the third 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 in the last quarter. Hedge funds and other institutional investors own 8.82% of the company’s stock.

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.