Insider Selling: Ondas (NASDAQ:ONDS) Director Sells 7,500 Shares of Stock

Ondas Holdings Inc. (NASDAQ:ONDS) Director Richard Cohen sold 7,500 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total transaction of $67,200.00. Following the completion of the sale, the director directly owned 261,836 shares in the company, valued at approximately $2,346,050.56. The trade was a 2.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ondas Stock Down 5.8%

NASDAQ:ONDS traded down $0.52 during mid-day trading on Thursday, hitting $8.38. 68,228,736 shares of the stock traded hands, compared to its average volume of 85,260,805. The business’s 50-day moving average price is $8.19 and its 200 day moving average price is $9.44. The company has a market cap of $4.78 billion, a PE ratio of -119.71 and a beta of 2.72. Ondas Holdings Inc. has a 12-month low of $3.51 and a 12-month high of $15.28.

Ondas (NASDAQ:ONDS) last posted its earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.10). Ondas had a negative return on equity of 14.20% and a net margin of 93.55%.The firm had revenue of $83.77 million during the quarter, compared to analysts’ expectations of $67.97 million. Analysts anticipate that Ondas Holdings Inc. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ONDS has been the topic of several recent analyst reports. Wall Street Zen cut Ondas from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Roth Capital reissued a “buy” rating on shares of Ondas in a report on Tuesday. LADENBURG THALM/SH SH upped their price objective on shares of Ondas from $21.50 to $22.75 and gave the stock a “buy” rating in a research report on Monday. Oppenheimer raised their target price on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Finally, Zacks Research upgraded shares of Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.18.

Institutional Investors Weigh In On Ondas

Hedge funds have recently added to or reduced their stakes in the company. NFSG Corp boosted its holdings in shares of Ondas by 200.0% in 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 in the last quarter. Western Wealth Management LLC purchased a new position in shares of Ondas during the 1st quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its position in Ondas by 5,373.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after buying an additional 3,063 shares during the last quarter. IFP Advisors Inc lifted its position in Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after buying an additional 2,892 shares during the last quarter. Finally, AdvisorNet Financial Inc purchased a new stake in Ondas in the first quarter worth approximately $35,000. Institutional investors own 37.73% of the company’s stock.

Ondas Company Profile

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.