Wrap Technologies (NASDAQ:WRAP) Major Shareholder Sells $10,700.00 in Stock

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $2.14, for a total transaction of $10,700.00. Following the transaction, the insider owned 59,928 shares of the company’s stock, valued at approximately $128,245.92. This trade represents a 7.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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

WRAP stock traded down $0.20 during trading on Thursday, hitting $2.28. The 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 company’s 50-day moving average price is $2.46 and its two-hundred day moving average price is $2.13. The stock 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) last released its earnings results on Wednesday, November 12th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $3.51 million during the quarter. Wrap Technologies had a negative net margin of 300.11% and a negative return on equity of 194.93%.

Institutional Investors Weigh In On Wrap Technologies

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in Wrap Technologies by 6.3% during the third quarter. Vanguard Group Inc. now owns 1,660,908 shares of the company’s stock worth $3,604,000 after purchasing an additional 98,782 shares during the last quarter. Thompson Davis & CO. Inc. purchased a new stake in shares of Wrap Technologies in the 2nd quarter valued at approximately $103,000. Raymond James Financial Inc. increased its holdings in shares of Wrap Technologies by 6.0% during the 3rd 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 last quarter. XTX Topco Ltd acquired a new stake in shares of Wrap Technologies during the 2nd quarter worth approximately $32,000. Finally, Squarepoint Ops LLC raised 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 valued at $109,000 after buying an additional 15,650 shares during the period. Hedge funds and other institutional investors own 8.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WRAP. Wall Street Zen raised shares of Wrap Technologies from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Wrap Technologies in a research report on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

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

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.