Wrap Technologies (NASDAQ:WRAP) Major Shareholder Elwood Norris Sells 25,000 Shares

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 25,000 shares of Wrap Technologies stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $2.69, for a total value of $67,250.00. Following the transaction, the insider owned 469,867 shares of the company’s stock, valued at $1,263,942.23. The trade was a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Wrap Technologies Stock Down 8.1%

Shares of WRAP traded down $0.20 during mid-day trading on Thursday, reaching $2.28. The company had a trading volume of 447,625 shares, compared to its average volume of 397,440. The stock has a market capitalization of $117.44 million, a P/E ratio of -7.60 and a beta of 1.43. Wrap Technologies, Inc. has a 52-week low of $1.20 and a 52-week high of $3.23. The stock has a 50 day moving average of $2.46 and a two-hundred day moving average of $2.13.

Wrap Technologies (NASDAQ:WRAP) last announced its quarterly earnings results 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 during the quarter.

Institutional Investors Weigh In On Wrap Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new position in Wrap Technologies during the second quarter worth $32,000. Osaic Holdings Inc. raised its position 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 purchasing an additional 6,442 shares during the last quarter. Thompson Davis & CO. Inc. purchased a new position in Wrap Technologies in the 2nd quarter valued at about $103,000. Squarepoint Ops LLC boosted its holdings 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 buying an additional 15,650 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in Wrap Technologies by 6.0% during 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. Hedge funds and other institutional investors own 8.82% of the company’s stock.

Wrap Technologies News Summary

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 Analysts Forecast Growth

WRAP has been the topic of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Wrap Technologies in a research report on Friday, January 9th. Wall Street Zen raised shares of Wrap Technologies from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus 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.