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

by · The Markets Daily

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

Wrap Technologies Stock Down 8.1%

NASDAQ WRAP traded down $0.20 during trading hours 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. Wrap Technologies, Inc. has a twelve month low of $1.20 and a twelve month high of $3.23. The firm has a market capitalization of $117.44 million, a P/E ratio of -7.60 and a beta of 1.43. The stock has a fifty day moving average of $2.46 and a 200 day moving average of $2.13.

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 during the quarter.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WRAP. Weiss Ratings restated 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 note on Friday, October 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Wrap Technologies currently has an average rating of “Sell”.

Get Our Latest Report on Wrap Technologies

Institutional Trading of Wrap Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of WRAP. XTX Topco Ltd bought a new position in Wrap Technologies in the second quarter worth about $32,000. Osaic Holdings Inc. lifted 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 purchasing an additional 6,442 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new stake in shares of Wrap Technologies during the second quarter valued at $103,000. Squarepoint Ops LLC lifted 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 buying an additional 15,650 shares during the period. Finally, Raymond James Financial Inc. grew 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 own 8.82% of the company’s stock.

Key Wrap Technologies News

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.

Wrap Technologies Company Profile

(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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