Ondas (NASDAQ:ONDS) Director Randy Seidl Sells 10,000 Shares

Ondas Holdings Inc. (NASDAQ:ONDSGet Free Report) Director Randy Seidl sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the transaction, the director directly owned 295,504 shares of the company’s stock, valued at $2,904,804.32. The trade was a 3.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ondas Price Performance

Shares of Ondas stock opened at $9.06 on Friday. The business has a 50 day simple moving average of $9.84 and a two-hundred day simple moving average of $9.66. Ondas Holdings Inc. has a 12 month low of $0.86 and a 12 month high of $15.28. The stock has a market capitalization of $4.49 billion, a P/E ratio of 226.50 and a beta of 2.56.

Ondas (NASDAQ:ONDSGet Free Report) last announced its earnings results on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. The firm had revenue of $30.11 million for the quarter, compared to analyst estimates of $27.49 million. As a group, research analysts anticipate that Ondas Holdings Inc. will post -0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ONDS shares. Weiss Ratings raised Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, April 21st. Zacks Research cut Ondas from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. Wall Street Zen raised Ondas from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $23.00 price objective on shares of Ondas in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Ondas presently has an average rating of “Moderate Buy” and an average price target of $17.25.

Get Our Latest Stock Analysis on Ondas

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. NFSG Corp grew its position in Ondas by 200.0% in the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after acquiring an additional 2,000 shares during the period. Western Wealth Management LLC purchased a new position in Ondas in the first quarter worth approximately $28,000. EverSource Wealth Advisors LLC grew its position in Ondas by 5,373.7% in the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after acquiring an additional 3,063 shares during the period. AdvisorNet Financial Inc purchased a new position in Ondas in the first quarter worth approximately $35,000. Finally, Avion Wealth grew its position in Ondas by 100.0% in the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after acquiring an additional 2,000 shares during the period. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

Ondas Company Profile

(Get Free Report)

Ondas Holdings, Inc (NASDAQ: ONDS) develops secure private wireless networking solutions and unmanned aircraft systems tailored to mission-critical industrial applications. Its Ondas Networks division offers the proprietary FullMAX platform, a long-range, high-bandwidth broadband network designed to support real-time data transmission, remote monitoring and IoT deployments across rail, maritime and infrastructure environments. The broadband platform integrates edge-to-cloud architecture to ensure operational resilience and regulatory compliance for transportation and utility operators.

The company’s Ondas Autonomous Systems segment builds heavy-lift cargo drones and uncrewed aircraft platforms for logistics, pipeline and infrastructure inspection, emergency response and other government and commercial use cases.

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Insider Buying and Selling by Quarter for Ondas (NASDAQ:ONDS)

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