Wrap Technologies (NASDAQ:WRAP) Major Shareholder Elwood Norris Sells 30,000 Shares

by · The Markets Daily

Wrap Technologies, Inc. (NASDAQ:WRAP – Get Free Report) major shareholder Elwood Norris sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $2.06, for a total transaction of $61,800.00. Following the sale, the insider owned 64,928 shares in the company, valued at $133,751.68. This trade represents a 31.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Wrap Technologies Price Performance

Shares of Wrap Technologies stock 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. 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, Inc. has a twelve month low of $1.20 and a twelve month high of $3.23. The stock has a 50-day moving average of $2.46 and a 200-day moving average of $2.13.

Wrap Technologies (NASDAQ:WRAP – Get Free Report) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.06) EPS for the quarter. The company had revenue of $3.51 million for the quarter. Wrap Technologies had a negative return on equity of 194.93% and a negative net margin of 300.11%.

Hedge Funds Weigh In On Wrap Technologies

Several hedge funds have recently modified their holdings of the stock. Thompson Davis & CO. Inc. acquired a new stake in shares of Wrap Technologies in the second quarter valued at about $103,000. XTX Topco Ltd acquired a new position in Wrap Technologies during the second quarter valued at approximately $32,000. Osaic Holdings Inc. grew its stake in Wrap Technologies by 13.6% in 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. Vanguard Group Inc. grew 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 valued at $3,604,000 after purchasing an additional 98,782 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position 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 worth $109,000 after purchasing an additional 15,650 shares during the last quarter. Institutional investors own 8.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wall Street Zen raised Wrap Technologies from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wrap Technologies in a research report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Wrap Technologies presently has a consensus rating of “Sell”.

Check Out Our Latest Analysis on WRAP

Key Stories Impacting 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.

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.

Featured Articles