Ondas Holdings Inc. (NASDAQ:ONDS – Get Free Report)’s share price fell 1.9% during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $8.98 and last traded at $9.18. 55,290,947 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 83,357,430 shares. The stock had previously closed at $9.36.
Specifically, Director Richard M. Cohen sold 7,500 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total value of $71,250.00. Following the sale, the director owned 264,853 shares in the company, valued at approximately $2,516,103.50. The trade was a 2.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Analyst Ratings Changes
Several equities analysts have weighed in on ONDS shares. HC Wainwright set a $17.00 target price on Ondas and gave the company a “buy” rating in a research report on Tuesday, March 10th. Weiss Ratings raised shares of Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st. Glj Research set a $17.00 price target on shares of Ondas in a research report on Tuesday, March 10th. Northland Securities upped their price objective on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. Finally, Wall Street Zen upgraded Ondas from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Ondas presently has an average rating of “Moderate Buy” and a consensus target price of $17.25.
Ondas Stock Performance
The firm has a market capitalization of $4.49 billion, a PE ratio of 226.50 and a beta of 2.56. The company’s 50-day moving average price is $9.84 and its 200-day moving average price is $9.66.
Ondas (NASDAQ:ONDS – Get Free Report) last posted its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share 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 business had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. As a group, analysts anticipate that Ondas Holdings Inc. will post -0.28 earnings per share for the current year.
Hedge Funds Weigh In On Ondas
Several hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp purchased a new stake in shares of Ondas during the 4th quarter worth approximately $71,202,000. Vanguard Group Inc. raised its stake in Ondas by 109.9% during the 3rd quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock worth $103,567,000 after acquiring an additional 7,024,549 shares in the last quarter. Two Sigma Investments LP boosted its stake in Ondas by 1,325.9% in the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after acquiring an additional 4,247,859 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Ondas during the fourth quarter worth about $33,473,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Ondas by 9,274.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company’s stock worth $33,832,000 after purchasing an additional 3,429,398 shares during the last quarter. 37.73% of the stock is currently owned by hedge funds and other institutional investors.
About Ondas
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.
Featured Stories
- Five stocks we like better than Ondas
- HubSpot at 2019 Levels Is an Opportunity—Not a Warning
- Was Decker’s Double Beat a Bullish Signal—Or Mere HOKA’s-Pocus?
- Kiniksa Pharmaceuticals Still Has Room to Run After 100% Rally
- MarketBeat Week in Review – 05/18 – 05/22
Receive News & Ratings for Ondas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ondas and related companies with MarketBeat.com's FREE daily email newsletter.
