Wrap Technologies Sees Unusually Large Options Volume (NASDAQ:WRAP)

Key Points

• Unusual options activity: Traders bought 10,797 call options on WRAP — a 1,474% jump versus the typical daily volume of 686 calls, signaling heightened speculative interest.
• Insider sale noted: Major shareholder Elwood G. Norris sold 80,000 shares at $2.21 (a 1.49% reduction in his position), though insiders still hold 33.26% of the company.
• Negative analyst backdrop and stock metrics: WRAP shares traded at $1.48 (market cap ≈ $80.9M) and Weiss Ratings reaffirmed a "sell (d-)," with MarketBeat showing an overall average rating of "Sell."

Wrap Technologies, Inc. (NASDAQ:WRAP - Get Free Report) saw some unusual options trading on Thursday. Traders acquired 10,797 call options on the company. This represents an increase of 1,474% compared to the typical daily volume of 686 call options.

Wrap Technologies Stock Up 1.0%

Shares of Wrap Technologies stock traded up $0.01 during trading on Thursday, reaching $1.48. The company's stock had a trading volume of 46,509 shares, compared to its average volume of 355,665. The business has a 50 day moving average price of $2.02 and a 200-day moving average price of $2.22. The company has a market capitalization of $80.88 million, a P/E ratio of -4.92 and a beta of 1.51. Wrap Technologies has a 12-month low of $1.20 and a 12-month high of $3.23.

Analysts Set New Price Targets

Separately, 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, According to data from MarketBeat.com, Wrap Technologies currently has an average rating of "Sell".

Insider Activity at Wrap Technologies

In other news, major shareholder Elwood G. Norris sold 80,000 shares of the business's stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $2.21, for a total transaction of $176,800.00. Following the completion of the sale, the insider owned 5,303,033 shares in the company, valued at approximately $11,719,702.93. The trade was a 1.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 33.26% of the company's stock.

Hedge Funds Weigh In On Wrap Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. HRT Financial LP acquired a new position in Wrap Technologies in the fourth quarter valued at $27,000. XTX Topco Ltd acquired a new stake in Wrap Technologies during the 2nd quarter worth approximately $32,000. Osaic Holdings Inc. increased its position in Wrap Technologies by 13.6% during the 2nd quarter. Osaic Holdings Inc. now owns 53,708 shares of the company's stock worth $84,000 after purchasing an additional 6,442 shares in the last quarter. Barclays PLC purchased a new position in Wrap Technologies in the fourth quarter valued at approximately $96,000. Finally, Squarepoint Ops LLC lifted its position 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 in the last quarter. Institutional investors and hedge funds own 8.82% of the company's stock.

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.

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