Insider Selling: Wrap Technologies (NASDAQ:WRAP) Major Shareholder Sells 51,501 Shares of Stock

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 51,501 shares of Wrap Technologies stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $2.74, for a total transaction of $141,112.74. Following the completion of the sale, the insider directly owned 767,838 shares of the company’s stock, valued at approximately $2,103,876.12. The trade was a 6.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Wrap Technologies Stock Performance

Shares of NASDAQ:WRAP traded down $0.20 on Thursday, hitting $2.28. 447,625 shares of the company were exchanged, compared to its average volume of 397,440. The company’s 50 day moving average price is $2.46 and its two-hundred day moving average price is $2.13. The firm has a market capitalization of $117.44 million, a price-to-earnings ratio of -7.60 and a beta of 1.43. Wrap Technologies, Inc. has a one year low of $1.20 and a one year high of $3.23.

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. The firm 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%.

Hedge Funds Weigh In On Wrap Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WRAP. XTX Topco Ltd acquired a new stake in Wrap Technologies during the second quarter worth about $32,000. Osaic Holdings Inc. lifted its holdings in shares of Wrap Technologies by 13.6% during the 2nd 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. acquired a new stake in shares of Wrap Technologies during the 2nd quarter worth approximately $103,000. 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 valued at $109,000 after purchasing an additional 15,650 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of 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 in the last quarter. 8.82% of the stock is owned by institutional investors and hedge funds.

Key Headlines 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.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WRAP. Wall Street Zen raised shares of Wrap Technologies from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wrap Technologies in a report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Wrap Technologies presently 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.