Richard Cohen Sells 7,500 Shares of Ondas (NASDAQ:ONDS) Stock

Ondas Holdings Inc. (NASDAQ:ONDS) Director Richard Cohen sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total transaction of $71,250.00. Following the transaction, the director owned 264,853 shares in the company, valued at $2,516,103.50. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Ondas Trading Down 1.3%

Shares of ONDS stock opened at $9.06 on Friday. Ondas Holdings Inc. has a 1 year low of $0.86 and a 1 year high of $15.28. The firm’s 50 day moving average is $9.84 and its 200-day moving average is $9.66. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 226.50 and a beta of 2.56.

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

Analyst Ratings Changes

A number of research analysts have issued reports on ONDS shares. Wall Street Zen upgraded shares of Ondas from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Glj Research set a $17.00 target price on shares of Ondas in a research report on Tuesday, March 10th. Weiss Ratings upgraded shares of Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, April 21st. Needham & Company LLC restated a “buy” rating and set a $23.00 target price on shares of Ondas in a research report on Tuesday. Finally, Zacks Research downgraded shares of Ondas from a “hold” rating to a “strong sell” rating in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Ondas has an average rating of “Moderate Buy” and a consensus target price of $17.25.

Institutional Trading of Ondas

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Ondas by 39.9% in the 4th quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock valued at $183,167,000 after acquiring an additional 5,351,725 shares during the period. Van ECK Associates Corp acquired a new stake in shares of Ondas in the 4th quarter valued at approximately $71,202,000. State Street Corp raised its position in shares of Ondas by 130.2% in the 4th quarter. State Street Corp now owns 5,162,151 shares of the company’s stock valued at $50,383,000 after acquiring an additional 2,920,071 shares during the period. Two Sigma Investments LP raised its position in shares of Ondas by 1,325.9% in the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after acquiring an additional 4,247,859 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Ondas by 22.3% in the 4th quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock valued at $41,558,000 after acquiring an additional 774,862 shares during the period. 37.73% of the stock is currently owned by institutional investors and hedge funds.

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.