Insider Selling: Wrap Technologies (NASDAQ:WRAP) Major Shareholder Sells $155,650.00 in Stock

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 55,000 shares of the business’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $2.83, for a total transaction of $155,650.00. Following the completion of the sale, the insider owned 687,738 shares in the company, valued at approximately $1,946,298.54. The trade was a 7.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Wrap Technologies Trading Down 4.4%

Shares of Wrap Technologies stock opened at $2.18 on Friday. The firm has a market cap of $112.29 million, a PE ratio of -7.27 and a beta of 1.43. Wrap Technologies, Inc. has a 12 month low of $1.20 and a 12 month high of $3.23. The stock has a 50 day moving average of $2.47 and a 200 day moving average of $2.14.

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On Wrap Technologies

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Wrap Technologies by 6.3% in the third 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. raised its stake in shares of 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 acquiring an additional 36,429 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new position in shares of Wrap Technologies during the second quarter worth $103,000. Osaic Holdings Inc. increased its position in Wrap Technologies by 13.6% during the 2nd 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. Finally, Squarepoint Ops LLC increased its holdings in shares of 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 acquiring an additional 15,650 shares in the last quarter. 8.82% of the stock is currently owned by hedge funds and other institutional investors.

Key Wrap Technologies News

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.

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.