Wrap Technologies (NASDAQ:WRAP) Major Shareholder Elwood Norris Sells 5,000 Shares

by · The Markets Daily

Wrap Technologies, Inc. (NASDAQ:WRAP – Get Free Report) major shareholder Elwood Norris sold 5,000 shares of the business’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $2.15, for a total transaction of $10,750.00. Following the transaction, the insider owned 54,928 shares in the company, valued at $118,095.20. This represents a 8.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Wrap Technologies Price Performance

WRAP traded down $0.20 on Thursday, hitting $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 52-week low of $1.20 and a 52-week high of $3.23. The stock has a fifty day simple moving average of $2.46 and a 200-day simple moving average of $2.13. The firm has a market capitalization of $117.44 million, a P/E ratio of -7.60 and a beta of 1.43.

Wrap Technologies (NASDAQ:WRAP – Get Free Report) 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 return on equity of 194.93% and a negative net margin of 300.11%.The firm 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.

Analysts Set New Price Targets

WRAP has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Wrap Technologies in a research report on Friday, January 9th. Wall Street Zen raised shares of Wrap Technologies from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Read Our Latest Research Report on WRAP

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. raised its stake 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 last quarter. Squarepoint Ops LLC grew its stake 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 acquiring an additional 15,650 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of 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 acquiring an additional 98,782 shares in the last quarter. Osaic Holdings Inc. increased 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 acquiring an additional 6,442 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Wrap Technologies in the 2nd quarter worth about $32,000. Institutional investors own 8.82% of the company’s stock.

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.

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