170,075 Ondas Holdings Inc. $ONDS Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its holdings in shares of Ondas Holdings Inc. (NASDAQ:ONDS – Free Report) by 17.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,156,205 shares of the company’s stock after buying an additional 170,075 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.20% of Ondas worth $8,475,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. RFG Advisory LLC raised its position in Ondas by 57.0% in the second quarter. RFG Advisory LLC now owns 2,787,202 shares of the company’s stock worth $22,967,000 after acquiring an additional 1,012,353 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Ondas during the 2nd quarter worth $13,158,000. Bank of America Corp DE grew its position in shares of Ondas by 1,443.9% during the 1st quarter. Bank of America Corp DE now owns 1,404,812 shares of the company’s stock valued at $12,700,000 after acquiring an additional 1,313,823 shares during the period. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD grew its position in shares of Ondas by 63.0% during the 2nd quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 1,016,941 shares of the company’s stock valued at $8,380,000 after acquiring an additional 393,133 shares during the period. Finally, Swiss National Bank grew its position in shares of Ondas by 16.4% during the 1st quarter. Swiss National Bank now owns 801,100 shares of the company’s stock valued at $7,242,000 after acquiring an additional 112,600 shares during the period. 37.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Citigroup restated a “market outperform” rating on shares of Ondas in a research note on Monday, October 19th. Needham & Company LLC reiterated a “buy” rating and set a $19.00 target price on shares of Ondas in a research report on Monday, September 14th. Wall Street Zen downgraded Ondas from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Weiss Ratings lowered Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Finally, Roth Capital restated a “buy” rating on shares of Ondas in a research report on Tuesday, August 18th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ondas has a consensus rating of “Moderate Buy” and a consensus target price of $16.89.

View Our Latest Report on Ondas

Ondas Stock Performance

NASDAQ ONDS opened at $6.65 on Wednesday. Ondas Holdings Inc. has a 12 month low of $4.95 and a 12 month high of $15.28. The company’s 50 day moving average is $7.31 and its two-hundred day moving average is $9.18.

Ondas (NASDAQ:ONDS – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The business had revenue of $83.77 million for the quarter, compared to analyst estimates of $67.97 million. Equities research analysts forecast that Ondas Holdings Inc. will post -0.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ondas news, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total value of $67,200.00. Following the completion of the sale, the director owned 261,836 shares in the company, valued at approximately $2,346,050.56. This represents a 2.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Neil J. Laird sold 4,952 shares of the firm’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $7.74, for a total value of $38,328.48. Following the sale, the chief financial officer directly owned 42,246 shares in the company, valued at approximately $326,984.04. This represents a 10.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.67% of the stock is currently owned by insiders.

Ondas Company Profile

(Free Report)

Ondas Holdings Inc (NASDAQ: ONDS) develops autonomous drone systems and private wireless networking solutions for industrial, government, and critical-infrastructure applications. Its businesses are focused on enabling automated data collection, remote monitoring, inspection, and secure communications in environments where conventional connectivity or manually operated equipment may be less effective.

Through its Ondas Autonomous Systems businesses, including American Robotics and Airobotics, the company offers autonomous unmanned aerial systems, drone-in-a-box platforms, and related software and services.

See Also

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Institutional Ownership by Quarter for Ondas (NASDAQ:ONDS)

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