Wrap Technologies (NASDAQ:WRAP) Major Shareholder Sells $34,356.16 in Stock

by · The Markets Daily

Wrap Technologies, Inc. (NASDAQ:WRAP – Get Free Report) major shareholder Elwood Norris sold 17,008 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $2.02, for a total value of $34,356.16. Following the sale, the insider owned 105,464 shares of the company’s stock, valued at $213,037.28. This represents a 13.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Wrap Technologies Price Performance

Wrap Technologies 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. Wrap Technologies, Inc. has a 12-month low of $1.20 and a 12-month high of $3.23. The company has a 50-day moving average price of $2.46 and a 200 day moving average price of $2.13. The firm has a market cap of $117.44 million, a price-to-earnings ratio of -7.60 and a beta of 1.43.

Wrap Technologies (NASDAQ:WRAP – Get Free Report) last released its quarterly earnings data 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 company had revenue of $3.51 million for the quarter.

Wrap Technologies News Summary

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 Ratings Changes

WRAP has been the topic of a number of analyst reports. 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 research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Read Our Latest Analysis on Wrap Technologies

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised its holdings in 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 purchasing an additional 6,442 shares in the last quarter. Squarepoint Ops LLC increased its position 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 buying an additional 15,650 shares during the period. XTX Topco Ltd bought a new position in Wrap Technologies in the second quarter worth about $32,000. Raymond James Financial Inc. lifted its holdings 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 buying an additional 36,429 shares during the period. Finally, Thompson Davis & CO. Inc. purchased a new stake in Wrap Technologies in the second quarter worth about $103,000. 8.82% of the stock is owned by hedge funds and other institutional investors.

About Wrap Technologies

(Get Free Report)

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.

Read More