Key Points
- Ondas director Richard Cohen sold 7,500 shares at an average price of $8.96, totaling $67,200. The Rule 10b5-1 transaction reduced his ownership by 2.78%, leaving him with 261,836 shares.
- ONDS opened at $8.38, down 5.8%, and recently reported quarterly EPS of negative $0.19, missing estimates of negative $0.09, despite revenue of $83.77 million exceeding expectations.
- Analyst sentiment remains mixed but leans positive, with eight Buy ratings and a consensus price target of $17.18; institutional investors and hedge funds own 37.73% of the company.
Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) Director Richard Cohen sold 7,500 shares of Ondas stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $8.96, for a total value of $67,200.00. Following the completion of the transaction, the director owned 261,836 shares of the company's stock, valued at approximately $2,346,050.56. The trade was a 2.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ondas Stock Down 5.8%
ONDS stock opened at $8.38 on Friday. The firm's 50-day simple moving average is $8.19 and its 200 day simple moving average is $9.44. The stock has a market cap of $4.78 billion, a PE ratio of -119.71 and a beta of 2.72. Ondas Holdings Inc. has a fifty-two week low of $3.51 and a fifty-two week high of $15.28.
Ondas (NASDAQ:ONDS - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. The business had revenue of $83.77 million during the quarter, compared to analyst estimates of $67.97 million. Equities analysts forecast that Ondas Holdings Inc. will post -0.33 EPS for the current fiscal year.
Hedge Funds Weigh In On Ondas
Hedge funds have recently added to or reduced their stakes in the company. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of Ondas during the 4th quarter worth approximately $6,734,000. CI Investments Inc. bought a new position in Ondas in the first quarter worth $4,255,000. The Manufacturers Life Insurance Company boosted its stake in Ondas by 664.0% during the first quarter. The Manufacturers Life Insurance Company now owns 129,481 shares of the company's stock worth $1,171,000 after buying an additional 112,534 shares in the last quarter. Royal Bank of Canada increased its holdings in Ondas by 160.1% in the 1st quarter. Royal Bank of Canada now owns 384,656 shares of the company's stock valued at $3,477,000 after buying an additional 236,782 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new stake in Ondas in the 1st quarter valued at $5,000,000. Institutional investors and hedge funds own 37.73% of the company's stock.
Analysts Set New Price Targets
ONDS has been the subject of a number of research reports. Wall Street Zen cut shares of Ondas from a "sell" rating to a "strong sell" rating in a report on Saturday, August 15th. Weiss Ratings downgraded Ondas from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 4th. Zacks Research upgraded shares of Ondas from a "strong sell" rating to a "hold" rating in a research report on Monday, May 25th. LADENBURG THALM/SH SH increased their price objective on Ondas from $21.50 to $22.75 and gave the stock a "buy" rating in a research note on Monday. Finally, Roth Capital reiterated a "buy" rating on shares of Ondas in a report on Tuesday. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $17.18.
View Our Latest Analysis on ONDS
Ondas Company Profile
(
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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