Ondas Holdings Inc. (NASDAQ:ONDS) Director Richard M. Cohen Sells 7,567 Shares of Stock

Ondas Holdings Inc. (NASDAQ:ONDS) Director Richard M. Cohen sold 7,567 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $1.69, for a total transaction of $12,788.23. Following the completion of the transaction, the director now directly owns 182,855 shares of the company’s stock, valued at approximately $309,024.95. The trade was a 3.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ondas Stock Down 0.6%

NASDAQ:ONDS opened at $1.55 on Thursday. Ondas Holdings Inc. has a twelve month low of $0.54 and a twelve month high of $3.40. The company has a current ratio of 0.86, a quick ratio of 0.65 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $1.06 and its two-hundred day moving average is $1.33. The company has a market cap of $278.32 million, a PE ratio of -2.67 and a beta of 2.13.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). The firm had revenue of $4.25 million during the quarter, compared to analyst estimates of $4.94 million. Ondas had a negative return on equity of 232.07% and a negative net margin of 412.92%. Analysts anticipate that Ondas Holdings Inc. will post -0.53 EPS for the current year.

Institutional Trading of Ondas

Hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new position in Ondas in the fourth quarter valued at $55,000. Raymond James Financial Inc. purchased a new stake in Ondas in the 4th quarter valued at approximately $235,000. Marshall Wace LLP acquired a new position in Ondas during the 4th quarter worth approximately $831,000. Millennium Management LLC raised its stake in shares of Ondas by 150.0% during the 4th quarter. Millennium Management LLC now owns 28,366 shares of the company’s stock worth $73,000 after buying an additional 17,021 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Ondas in the 4th quarter valued at approximately $1,050,000. Institutional investors and hedge funds own 37.73% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital initiated coverage on Ondas in a report on Monday, April 14th. They set a “buy” rating and a $2.50 price target on the stock.

About Ondas

Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.