Insider Selling: Ondas (NASDAQ:ONDS) Director Sells 25,861 Shares of Stock

Ondas Holdings Inc. (NASDAQ:ONDS) Director Richard Cohen sold 25,861 shares of Ondas stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $245,162.28. Following the completion of the sale, the director owned 197,746 shares in the company, valued at $1,874,632.08. This trade represents a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ondas Stock Down 3.3%

ONDS traded down $0.31 during trading hours on Tuesday, hitting $8.96. 65,807,535 shares of the company’s stock were exchanged, compared to its average volume of 81,266,120. The stock 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. The stock’s 50-day moving average is $7.54 and its two-hundred day moving average is $5.47.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on ONDS. Weiss Ratings reissued a “sell (e+)” rating on shares of Ondas in a research report on Monday. HC Wainwright initiated coverage on Ondas in a research note on Monday, October 6th. They set a “buy” rating and a $12.00 price objective on the stock. Stifel Nicolaus set a $13.00 price objective on Ondas and gave the company a “buy” rating in a report on Monday, December 15th. Needham & Company LLC boosted their target price on shares of Ondas from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Finally, Oppenheimer raised shares of Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a research report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $10.43.

Institutional Trading of Ondas

Institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. bought a new stake in shares of Ondas in the 1st quarter valued at $34,000. PEAK6 LLC grew its stake in shares of Ondas by 39.9% in the 1st quarter. PEAK6 LLC now owns 125,920 shares of the company’s stock valued at $135,000 after buying an additional 35,919 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Ondas by 444.4% during the first quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock valued at $120,000 after acquiring an additional 91,732 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in Ondas during the second quarter worth $41,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Ondas in the 2nd quarter worth about $151,000. 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.