Wrap Technologies (NASDAQ:WRAP) Major Shareholder Elwood Norris Sells 55,000 Shares

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 55,000 shares of Wrap Technologies stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $2.36, for a total transaction of $129,800.00. Following the transaction, the insider directly owned 125,485 shares in the company, valued at approximately $296,144.60. This trade represents a 30.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Wrap Technologies Stock Performance

Shares of WRAP stock traded down $0.20 during trading hours on Thursday, reaching $2.28. The company had a trading volume of 447,625 shares, compared to its average volume of 397,440. The company has a market capitalization of $117.44 million, a P/E ratio of -7.60 and a beta of 1.43. The stock’s fifty day simple moving average is $2.46 and its 200 day simple moving average is $2.13. Wrap Technologies, Inc. has a twelve month low of $1.20 and a twelve month high of $3.23.

Wrap Technologies (NASDAQ:WRAP) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.06) earnings per share 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.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WRAP. Raymond James Financial Inc. raised its position in Wrap Technologies by 6.0% in the third quarter. Raymond James Financial Inc. now owns 646,853 shares of the company’s stock worth $1,404,000 after acquiring an additional 36,429 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of 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 purchasing an additional 15,650 shares in the last quarter. Vanguard Group Inc. lifted its stake in Wrap Technologies by 6.3% during the third 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 last quarter. Osaic Holdings Inc. boosted its stake 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 in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Wrap Technologies in the 2nd quarter valued at $32,000. 8.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on WRAP shares. Wall Street Zen raised 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 MarketBeat, the stock has a consensus rating of “Sell”.

Key Wrap Technologies News

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.

Wrap Technologies Company Profile

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.