Ondas (NASDAQ:ONDS) Director Sells $71,250.00 in Stock

Ondas Holdings Inc. (NASDAQ:ONDS) Director Richard Cohen sold 7,500 shares of Ondas stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total value of $71,250.00. Following the sale, the director directly owned 264,853 shares in the company, valued at $2,516,103.50. This trade represents a 2.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Ondas Stock Performance

NASDAQ:ONDS traded down $0.18 during trading hours on Thursday, reaching $9.18. The stock had a trading volume of 55,980,277 shares, compared to its average volume of 63,506,824. The stock has a market capitalization of $4.55 billion, a PE ratio of 229.50 and a beta of 2.56. The company has a 50 day moving average price of $9.86 and a two-hundred day moving average price of $9.66. Ondas Holdings Inc. has a 52 week low of $0.84 and a 52 week high of $15.28.

Ondas (NASDAQ:ONDS) last released its earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.33). The company had revenue of $30.11 million for the quarter, compared to the consensus estimate of $27.49 million. Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. Equities research analysts predict that Ondas Holdings Inc. will post -0.28 EPS for the current year.

Hedge Funds Weigh In On Ondas

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. NFSG Corp lifted its stake in shares of Ondas by 200.0% during the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after purchasing an additional 2,000 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Ondas during the 1st quarter worth $28,000. EverSource Wealth Advisors LLC lifted its stake in shares of Ondas by 5,373.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after purchasing an additional 3,063 shares during the last quarter. AdvisorNet Financial Inc purchased a new stake in shares of Ondas during the 1st quarter worth $35,000. Finally, Avion Wealth raised its stake in Ondas by 100.0% in the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 37.73% of the company’s stock.

Analysts Set New Price Targets

ONDS has been the topic of several analyst reports. Weiss Ratings raised Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, April 21st. Wall Street Zen raised Ondas from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. HC Wainwright set a $17.00 price objective on Ondas and gave the company a “buy” rating in a research report on Tuesday, March 10th. Glj Research set a $17.00 price objective on Ondas in a research report on Tuesday, March 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Ondas in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.25.

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.