Elwood Norris Sells 20,000 Shares of Wrap Technologies (NASDAQ:WRAP) Stock

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 20,000 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $2.20, for a total value of $44,000.00. Following the completion of the sale, the insider directly owned 5,236,042 shares of the company’s stock, valued at $11,519,292.40. This represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Wrap Technologies Price Performance

NASDAQ:WRAP opened at $1.49 on Thursday. Wrap Technologies, Inc. has a 1 year low of $1.20 and a 1 year high of $3.23. The business has a fifty day simple moving average of $1.54 and a two-hundred day simple moving average of $2.05. The company has a market capitalization of $82.70 million, a P/E ratio of -7.09 and a beta of 1.41.

Wrap Technologies (NASDAQ:WRAP) last posted its quarterly earnings results on Thursday, March 26th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. Wrap Technologies had a negative return on equity of 103.50% and a negative net margin of 198.63%.The firm had revenue of $1.40 million during the quarter, compared to analyst estimates of $1.61 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wrap Technologies in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Wrap Technologies

Several large investors have recently added to or reduced their stakes in WRAP. XTX Topco Ltd bought a new stake in Wrap Technologies during the second quarter valued at $32,000. Osaic Holdings Inc. boosted its stake in 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 buying an additional 6,442 shares during the period. Vanguard Group Inc. boosted its stake in 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 buying an additional 98,782 shares during the period. Squarepoint Ops LLC boosted its stake in 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. Finally, Raymond James Financial Inc. boosted 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 period. Institutional investors own 8.82% of the company’s stock.

Wrap Technologies News Summary

Here are the key news stories impacting Wrap Technologies this week:

• Positive Sentiment: Company announced it will report Q1 2026 results and host a conference call on May 13 — provides a clear near-term catalyst and fresh company guidance/data that can re-price the stock. Earnings Release
• Neutral Sentiment: Recent Q1 reported results (Mar. 26) showed an EPS beat versus consensus (loss per share slightly better than expected) but revenue came in below estimates and margins remain deeply negative — mixed fundamentals that leave upside dependent on revenue recovery and margin improvement. MarketBeat WRAP profile
• Neutral Sentiment: Institutional activity: several small hedge funds and institutions have taken or adjusted positions recently (ownership remains concentrated; institutional ownership ~8.8%) — these flows are currently small in dollar terms but could matter given WRAP’s low float. Institutional Holdings
• Negative Sentiment: Major shareholder Elwood G. Norris has executed multiple sales (Feb. 2–10), including recent disclosed blocks of 31,991; 75,000; 35,000; 27,104; and 20,000 shares — ongoing insider selling can be perceived negatively and adds selling pressure. SEC Filing
• Negative Sentiment: Independent reporting of the insider sale activity (summary article) highlights the size and frequency of these disposals, which may amplify investor concern ahead of the earnings release. InsiderTrades article

Wrap Technologies Company Profile

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.