Elwood Norris Sells 27,104 Shares of Wrap Technologies (NASDAQ:WRAP) Stock

Wrap Technologies, Inc. (NASDAQ:WRAP) major shareholder Elwood Norris sold 27,104 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $1.82, for a total value of $49,329.28. Following the transaction, the insider owned 5,113,938 shares of the company’s stock, valued at approximately $9,307,367.16. The trade was a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Wrap Technologies Stock Performance

NASDAQ:WRAP opened at $1.49 on Thursday. The company has a market cap of $82.70 million, a PE ratio of -7.09 and a beta of 1.41. Wrap Technologies, Inc. has a 52-week low of $1.20 and a 52-week high of $3.23. The stock has a 50-day simple moving average of $1.54 and a 200 day simple moving average of $2.05.

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

Key Headlines Impacting Wrap Technologies

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. HRT Financial LP bought a new position in shares of Wrap Technologies during the 4th quarter worth approximately $27,000. XTX Topco Ltd bought a new position in shares of Wrap Technologies during the 2nd quarter worth approximately $32,000. Barclays PLC bought a new position in shares of Wrap Technologies during the 4th quarter worth approximately $96,000. Squarepoint Ops LLC boosted its stake 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 acquiring an additional 15,650 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Wrap Technologies during the 4th quarter worth approximately $126,000. 8.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Wrap Technologies in a research note on Wednesday, April 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

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.