Insider Selling: Wrap Technologies (NASDAQ:WRAP) Major Shareholder Sells 51,501 Shares of Stock

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 51,501 shares of the stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $2.74, for a total value of $141,112.74. Following the completion of the transaction, the insider owned 767,838 shares of the company’s stock, valued at $2,103,876.12. The trade was a 6.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Wrap Technologies Stock Down 8.1%

NASDAQ WRAP traded down $0.20 on Thursday, hitting $2.28. The company’s stock had a trading volume of 447,625 shares, compared to its average volume of 397,440. The company’s 50-day moving average is $2.46 and its 200 day moving average is $2.13. The firm has a market cap of $117.44 million, a PE ratio of -7.60 and a beta of 1.43. Wrap Technologies, Inc. has a 1-year low of $1.20 and a 1-year high of $3.23.

Wrap Technologies (NASDAQ:WRAP) last posted 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 during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new stake in Wrap Technologies in the second quarter worth approximately $32,000. Osaic Holdings Inc. lifted its holdings in shares of Wrap Technologies by 13.6% in 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 during the last quarter. Thompson Davis & CO. Inc. purchased a new stake in shares of Wrap Technologies in the 2nd quarter valued at $103,000. Squarepoint Ops LLC grew its holdings in shares of Wrap Technologies by 45.3% during the 3rd quarter. Squarepoint Ops LLC now owns 50,209 shares of the company’s stock valued at $109,000 after purchasing an additional 15,650 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in 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 period. 8.82% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about 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.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WRAP. Wall Street Zen upgraded shares of Wrap Technologies from a “sell” rating to a “hold” rating in a report 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, Based on data from MarketBeat, the stock presently has an average 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.