WINTON GROUP Ltd Takes $2.29 Million Position in Ondas Holdings Inc. $ONDS

WINTON GROUP Ltd bought a new stake in Ondas Holdings Inc. (NASDAQ:ONDS) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 278,398 shares of the company’s stock, valued at approximately $2,294,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ONDS. NFSG Corp lifted its position in Ondas by 200.0% in the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after acquiring an additional 2,000 shares during the last quarter. Western Wealth Management LLC purchased a new position in shares of Ondas during the first quarter worth about $28,000. EverSource Wealth Advisors LLC grew its holdings in shares of Ondas by 5,373.7% during the first 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. IFP Advisors Inc increased its position in shares of Ondas by 231.4% during the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after purchasing an additional 2,892 shares in the last quarter. Finally, AdvisorNet Financial Inc acquired a new stake in shares of Ondas during the first quarter worth about $35,000. 37.73% of the stock is currently owned by institutional investors and hedge funds.

Ondas Stock Performance

Shares of ONDS opened at $7.23 on Friday. Ondas Holdings Inc. has a fifty-two week low of $4.95 and a fifty-two week high of $15.28. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of -103.29 and a beta of 2.74. The firm has a 50-day simple moving average of $7.98 and a 200-day simple moving average of $9.20.

Ondas (NASDAQ:ONDS) last issued its quarterly 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). The company had revenue of $83.77 million during the quarter, compared to analyst estimates of $67.97 million. Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. Equities research analysts forecast that Ondas Holdings Inc. will post -0.47 EPS for the current year.

Insiders Place Their Bets

In other Ondas news, Director Richard Cohen sold 7,500 shares of Ondas stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total value of $67,200.00. Following the transaction, the director directly owned 261,836 shares in the company, valued at approximately $2,346,050.56. This trade represents a 2.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ONDS. LADENBURG THALM/SH SH upped their target price on Ondas from $21.50 to $22.75 and gave the company a “buy” rating in a research report on Monday, August 17th. Roth Capital reaffirmed a “buy” rating on shares of Ondas in a research report on Tuesday, August 18th. Oppenheimer boosted their price objective on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Needham & Company LLC reissued a “buy” rating and issued a $19.00 price objective on shares of Ondas in a report 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 research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Ondas has a consensus rating of “Moderate Buy” and a consensus price target of $17.18.

Ondas Company Profile

Ondas Holdings Inc (NASDAQ: ONDS) develops autonomous systems and private wireless network technologies for industrial, government and critical-infrastructure applications. Its businesses are focused on collecting and transmitting data in environments where conventional communications or manually operated systems may be limited.

Through its autonomous systems activities, including American Robotics and other related platforms, Ondas provides autonomous drone solutions for applications such as agriculture, infrastructure inspection, public safety and security.