Wrap Technologies (NASDAQ:WRAP) Major Shareholder Sells $186,000.00 in Stock

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 75,000 shares of the firm’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $2.48, for a total value of $186,000.00. Following the transaction, the insider directly owned 494,867 shares of the company’s stock, valued at $1,227,270.16. This represents a 13.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Wrap Technologies Trading Down 4.4%

Shares of NASDAQ WRAP opened at $2.18 on Friday. Wrap Technologies, Inc. has a twelve month low of $1.20 and a twelve month high of $3.23. The firm has a 50-day moving average of $2.47 and a two-hundred day moving average of $2.14. The company has a market capitalization of $112.29 million, a price-to-earnings ratio of -7.27 and a beta of 1.43.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Wrap Technologies in a report on Friday, January 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Wrap Technologies presently has an average rating of “Sell”.

Wrap Technologies News Roundup

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in Wrap Technologies during the 2nd quarter worth approximately $32,000. Squarepoint Ops LLC boosted its position in shares of Wrap Technologies by 45.3% in the third 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 period. Osaic Holdings Inc. grew 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 buying an additional 6,442 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new position in shares of Wrap Technologies during the second quarter valued at $103,000. Finally, Raymond James Financial Inc. raised its position in Wrap Technologies by 6.0% during the third quarter. Raymond James Financial Inc. now owns 646,853 shares of the company’s stock valued at $1,404,000 after buying an additional 36,429 shares during the period. Institutional investors and hedge funds own 8.82% of the company’s stock.

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.