Wrap Technologies (NASDAQ:WRAP) Major Shareholder Sells $22,500.00 in Stock

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 15,000 shares of the firm’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $1.50, for a total value of $22,500.00. Following the completion of the sale, the insider owned 844,339 shares of the company’s stock, valued at approximately $1,266,508.50. This trade represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Wrap Technologies Trading Down 8.1%

Shares of Wrap Technologies stock traded down $0.20 during trading on Thursday, reaching $2.28. The company’s stock had a trading volume of 447,625 shares, compared to its average volume of 397,440. The stock has a 50-day moving average price of $2.46 and a two-hundred day moving average price of $2.13. 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 one year low of $1.20 and a one year high of $3.23.

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

Key Stories 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.

Hedge Funds Weigh In On Wrap Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Wrap Technologies by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,660,908 shares of the company’s stock worth $3,604,000 after acquiring an additional 98,782 shares during the period. Raymond James Financial Inc. boosted its position 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 worth $1,404,000 after purchasing an additional 36,429 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of Wrap Technologies during the second quarter worth $103,000. Osaic Holdings Inc. increased its holdings in Wrap Technologies by 13.6% in the second quarter. Osaic Holdings Inc. now owns 53,708 shares of the company’s stock valued at $84,000 after purchasing an additional 6,442 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in Wrap Technologies by 45.3% in the third quarter. Squarepoint Ops LLC now owns 50,209 shares of the company’s stock valued at $109,000 after buying an additional 15,650 shares during the period. 8.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Wrap Technologies in a research report on Friday, January 9th. Wall Street Zen raised 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, Based on data from MarketBeat, Wrap Technologies presently 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.