Key Points
- Insider sale: Major shareholder Elwood Norris sold 25,000 shares at an average price of $2.43 (total $60,750), a 4.13% reduction in his stake disclosed in an SEC filing, and continued selling by a large holder could add selling pressure on the stock.
- Weak fundamentals and price action: WRAP opened down 8.1% at $2.28, has a market cap of ~$117M, reported a ($0.06) EPS on $3.51M revenue with roughly -300% net margin, and is trading between its 50‑day (~$2.46) and 200‑day (~$2.13) moving averages.
- Product development: Wrap advanced its WrapVision lineup with a U.S.‑produced, NDAA‑compliant IONODES PERCEPT body‑worn camera, which may improve eligibility for government contracts.
Wrap Technologies, Inc. (NASDAQ:WRAP - Get Free Report) major shareholder Elwood Norris sold 5,000 shares of the company's stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $2.14, for a total value of $10,700.00. Following the sale, the insider directly owned 59,928 shares in the company, valued at $128,245.92. This represents a 7.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Wrap Technologies Trading Down 8.1%
NASDAQ:WRAP opened at $2.28 on Friday. Wrap Technologies, Inc. has a 12-month low of $1.20 and a 12-month high of $3.23. The firm has a market cap of $117.44 million, a PE ratio of -7.60 and a beta of 1.43. The stock has a fifty day moving average price of $2.46 and a 200 day moving average price of $2.13.
Wrap Technologies (NASDAQ:WRAP - Get Free Report) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter. The company 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%.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on WRAP. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Wrap Technologies in a research report on Friday, January 9th. Wall Street Zen raised Wrap Technologies from a "sell" rating to a "hold" rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of "Sell".
Get Our Latest Analysis on WRAP
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.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Wrap Technologies by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,660,908 shares of the company's stock worth $3,604,000 after acquiring an additional 98,782 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Wrap Technologies by 6.0% during the third quarter. Raymond James Financial Inc. now owns 646,853 shares of the company's stock worth $1,404,000 after purchasing an additional 36,429 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of Wrap Technologies during the second quarter worth about $103,000. Osaic Holdings Inc. lifted its holdings in shares of Wrap Technologies by 13.6% in the 2nd 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 during the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in shares of Wrap Technologies by 45.3% in the 3rd quarter. Squarepoint Ops LLC now owns 50,209 shares of the company's stock valued at $109,000 after purchasing an additional 15,650 shares during the last quarter. 8.82% of the stock is owned by hedge funds and other institutional investors.
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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