Key Points
- Ondas director Randy Seidl sold 10,000 shares on May 19 at an average price of $9.83, totaling about $98,300. After the sale, he still held 295,504 shares valued at roughly $2.9 million.
- The stock was down 1.3% and opened at $9.06, with shares trading near their 50-day and 200-day moving averages. Ondas has a wide 52-week range, from $0.86 to $15.28.
- Analyst sentiment remains mixed but constructive, with an average rating of “Moderate Buy” and a consensus price target of $17.25. Recent updates included a Needham buy rating and a Northland price target increase to $18, though some firms issued sell ratings.
Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) Director Randy Seidl sold 10,000 shares of the firm's stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total value of $98,300.00. Following the transaction, the director owned 295,504 shares of the company's stock, valued at approximately $2,904,804.32. This represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Ondas Stock Down 1.3%
ONDS opened at $9.06 on Friday. Ondas Holdings Inc. has a 52 week low of $0.86 and a 52 week high of $15.28. The business has a fifty day simple moving average of $9.84 and a 200-day simple moving average of $9.66. The firm has a market cap of $4.49 billion, a P/E ratio of 226.50 and a beta of 2.56.
Ondas (NASDAQ:ONDS - Get Free Report) last released its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.33). Ondas had a negative return on equity of 14.17% and a net margin of 247.85%.The firm had revenue of $30.11 million for the quarter, compared to analysts' expectations of $27.49 million. Sell-side analysts expect that Ondas Holdings Inc. will post -0.28 earnings per share for the current year.
Institutional Trading of Ondas
Several hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake in Ondas by 444.4% in the first quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company's stock valued at $120,000 after buying an additional 91,732 shares in the last quarter. Geode Capital Management LLC raised its stake in Ondas by 57.4% in the second quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company's stock valued at $2,583,000 after buying an additional 490,239 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Ondas in the second quarter valued at $152,000. Sei Investments Co. acquired a new stake in Ondas in the second quarter valued at $3,086,000. Finally, HRT Financial LP acquired a new stake in Ondas in the second quarter valued at $2,244,000. 37.73% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Needham & Company LLC restated a "buy" rating and set a $23.00 price target on shares of Ondas in a research report on Tuesday. LADENBURG THALM/SH SH upgraded Ondas to a "strong-buy" rating in a research report on Wednesday, May 6th. Zacks Research lowered Ondas from a "hold" rating to a "strong sell" rating in a research report on Friday, March 27th. Wall Street Zen upgraded Ondas from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. Finally, Northland Securities increased their price objective on Ondas from $16.00 to $18.00 and gave the company an "outperform" rating in a research note on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $17.25.
Read Our Latest Stock Analysis on ONDS
About Ondas
(
Get Free Report)
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.
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