Elwood Norris Sells 10,000 Shares of Wrap Technologies (NASDAQ:WRAP) Stock

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 10,000 shares of Wrap Technologies stock in a transaction on Friday, October 17th. The stock was sold at an average price of $2.29, for a total transaction of $22,900.00. Following the transaction, the insider owned 569,867 shares in the company, valued at $1,304,995.43. This represents a 1.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Wrap Technologies Stock Performance

NASDAQ:WRAP opened at $2.18 on Friday. Wrap Technologies, Inc. has a 52-week low of $1.20 and a 52-week high of $3.23. The firm has a market capitalization of $112.29 million, a PE ratio of -7.27 and a beta of 1.43. The stock has a 50-day simple moving average of $2.47 and a two-hundred day simple moving average of $2.14.

Wrap Technologies (NASDAQ:WRAP) last announced its quarterly earnings data 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 Headlines Impacting 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.

Hedge Funds Weigh In On Wrap Technologies

Several institutional investors have recently made changes to their positions in WRAP. Vanguard Group Inc. increased 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 valued at $3,604,000 after purchasing an additional 98,782 shares during the period. Raymond James Financial Inc. increased its position 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 purchasing an additional 36,429 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new stake in Wrap Technologies in the second quarter valued at about $103,000. Osaic Holdings Inc. increased 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 acquiring an additional 6,442 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in Wrap Technologies by 45.3% during 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 in the last quarter. Hedge funds and other institutional investors own 8.82% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.