Key Points
- CFO Neil Laird sold 4,952 Ondas shares at an average price of $7.74, receiving $38,328.48 and reducing his holdings by 10.49% to 42,246 shares.
- Ondas shares rose 2.7% to open at $7.60, but the company reported a quarterly EPS loss of $0.19 versus the expected $0.09 loss. Analysts maintain a “Moderate Buy” consensus with an average price target of $17.18.
- Ondas agreed to acquire three defense technology businesses for $56 million, expanding its capabilities in counter-drone systems, resilient communications and autonomous operations, though the deals increase integration and cash-flow risks.
Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) CFO Neil Laird sold 4,952 shares of Ondas stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $7.74, for a total transaction of $38,328.48. Following the completion of the transaction, the chief financial officer owned 42,246 shares of the company's stock, valued at $326,984.04. This represents a 10.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Ondas Trading Up 2.7%
Shares of NASDAQ:ONDS opened at $7.60 on Friday. Ondas Holdings Inc. has a 52 week low of $4.95 and a 52 week high of $15.28. The company's 50 day moving average is $8.00 and its two-hundred day moving average is $9.01. The company has a market cap of $4.34 billion, a PE ratio of -108.57 and a beta of 2.74.
Ondas (NASDAQ:ONDS - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $83.77 million for the quarter, compared to analysts' expectations of $67.97 million. Ondas had a negative return on equity of 14.20% and a net margin of 93.55%. As a group, equities research analysts expect that Ondas Holdings Inc. will post -0.47 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on ONDS shares. Oppenheimer raised their target price on Ondas from $16.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. LADENBURG THALM/SH SH raised their price objective on shares of Ondas from $21.50 to $22.75 and gave the stock a "buy" rating in a report on Monday, August 17th. Roth Capital restated a "buy" rating on shares of Ondas in a research report on Tuesday, August 18th. Needham & Company LLC restated a "buy" rating and issued a $19.00 target price on shares of Ondas in a report on Monday, September 14th. Finally, Weiss Ratings cut shares of Ondas from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 4th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ondas currently has an average rating of "Moderate Buy" and an average price target of $17.18.
Read Our Latest Report on ONDS
Institutional Trading of Ondas
Large investors have recently made changes to their positions in the company. NFSG Corp increased its position in Ondas by 200.0% during the first quarter. NFSG Corp now owns 3,000 shares of the company's stock worth $27,000 after buying an additional 2,000 shares during the period. Western Wealth Management LLC acquired a new stake in shares of Ondas in the first quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Ondas by 5,373.7% in the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company's stock valued at $28,000 after acquiring an additional 3,063 shares during the period. AdvisorNet Financial Inc purchased a new position in shares of Ondas during the first quarter worth approximately $35,000. Finally, International Assets Investment Management LLC grew its position in shares of Ondas by 813.3% during the first quarter. International Assets Investment Management LLC now owns 4,941 shares of the company's stock worth $44,000 after acquiring an additional 4,400 shares during the last quarter. 37.73% of the stock is owned by institutional investors and hedge funds.
Key Stories Impacting Ondas
Here are the key news stories impacting Ondas this week:
- Positive Sentiment: Ondas agreed to acquire three defense technology businesses, adding AI-enabled acoustic sensing, resilient communications, remote operations and GPS-independent navigation. The acquisitions are intended to strengthen Ondas’ existing platforms and create additional integrated product and revenue opportunities. Ondas Acquires Three Defense Technology Businesses
- Positive Sentiment: Caribou Labs brings passive acoustic intelligence designed to detect, classify and track drones, including difficult-to-detect small FPV and fiber-optic-controlled systems. Ondas also acquired the defense business of Ottopia Technologies, adding capabilities relevant to remote and autonomous vehicle operations. Ondas Acquired Caribou Labs
- Positive Sentiment: Investors appear to view the acquisitions as a potentially significant expansion of Ondas’ position in autonomous warfare and counter-drone systems, with near-term, field-deployed technologies complementing its current offerings. ONDS’ $56M Defense Bet
- Neutral Sentiment: Reports discussed elevated short interest in ONDS, which can increase volatility and create the possibility of short-covering if positive acquisition developments continue. However, a separate September 24 report listed short interest at zero shares and a zero-day short-interest ratio, creating uncertainty around the reliability or timing of the data. High Short Interest Stocks
- Negative Sentiment: The $56 million acquisition program increases integration and execution demands. Investors will need evidence that the acquired technologies can be combined effectively and converted into sustainable revenue without worsening Ondas’ existing losses or cash needs.
Ondas Company Profile
(
Get Free Report)
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.
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