Randy Seidl Sells 21,520 Shares of Ondas (NASDAQ:ONDS) Stock

Ondas Holdings Inc. (NASDAQ:ONDS) Director Randy Seidl sold 21,520 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $9.48, for a total value of $204,009.60. Following the completion of the sale, the director owned 212,470 shares of the company’s stock, valued at $2,014,215.60. The trade was a 9.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Ondas Stock Performance

ONDS traded down $0.31 during trading on Tuesday, hitting $8.96. 65,807,535 shares of the stock were exchanged, compared to its average volume of 81,266,120. The firm has a 50 day simple moving average of $7.54 and a 200 day simple moving average of $5.47. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of -22.40 and a beta of 2.42. Ondas Holdings Inc. has a 1 year low of $0.57 and a 1 year high of $11.70.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $10.10 million for the quarter, compared to the consensus estimate of $7.04 million. Ondas had a negative return on equity of 35.16% and a negative net margin of 192.60%. As a group, equities analysts anticipate that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

ONDS has been the subject of several recent research reports. Oppenheimer upgraded shares of Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a report on Friday, November 14th. Zacks Research downgraded shares of Ondas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Needham & Company LLC upped their target price on Ondas from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ondas in a report on Monday. Finally, LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $10.43.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. raised its stake in Ondas by 154.9% in the second quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock valued at $31,000 after buying an additional 9,904 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Ondas by 231.4% during the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after acquiring an additional 2,892 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new position in shares of Ondas in the 1st quarter valued at approximately $34,000. Penbrook Management LLC acquired a new stake in Ondas in the 2nd quarter worth approximately $35,000. Finally, Exencial Wealth Advisors LLC acquired a new stake in Ondas in the 2nd quarter worth approximately $36,000. 37.73% of the stock is owned by institutional investors and hedge funds.

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.