278,398 Shares in Ondas Holdings Inc. $ONDS Purchased by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd purchased 278,398 shares of Ondas Holdings in the second quarter, valued at approximately $2.3 million. Institutional investors collectively own 37.73% of the company.
• Analyst views remain mixed but generally positive: eight analysts rate Ondas a Buy, with a consensus target price of $17.18, while some firms recently issued Sell or Strong Sell downgrades.
• Ondas reported quarterly revenue of $83.77 million, exceeding estimates, but its loss of $0.19 per share was wider than expected. The stock opened at $7.23, well below its 12-month high of $15.28.

WINTON GROUP Ltd purchased a new position in shares of Ondas Holdings Inc. (NASDAQ:ONDS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 278,398 shares of the company's stock, valued at approximately $2,294,000.

Other institutional investors have also recently made changes to their positions in the company. NFSG Corp increased its stake in Ondas by 200.0% during the 1st 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 position in shares of Ondas in the first quarter worth $28,000. EverSource Wealth Advisors LLC grew its stake 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 worth $28,000 after acquiring an additional 3,063 shares in 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 acquiring an additional 2,892 shares during the period. Finally, AdvisorNet Financial Inc purchased a new stake in shares of Ondas during the first quarter worth $35,000. Institutional investors and hedge funds own 37.73% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ONDS shares. Wall Street Zen lowered Ondas from a "sell" rating to a "strong sell" rating in a report on Saturday, August 15th. LADENBURG THALM/SH SH upped their price target on Ondas from $21.50 to $22.75 and gave the stock a "buy" rating in a report on Monday, August 17th. Needham & Company LLC reaffirmed a "buy" rating and issued a $19.00 price target on shares of Ondas in a research report on Friday, August 14th. Oppenheimer lifted 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. Finally, Weiss Ratings downgraded Ondas from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 4th. Eight investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $17.18.

Insider Activity at Ondas

In other news, Director Richard Cohen sold 7,500 shares of the stock in a transaction dated 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 owned 261,836 shares in the company, valued at approximately $2,346,050.56. This represents a 2.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.67% of the company's stock.

Ondas Trading Down 0.3%

Ondas stock opened at $7.23 on Friday. The company has a fifty day simple moving average of $7.98 and a 200-day simple moving average of $9.20. The stock has a market cap of $4.13 billion, a P/E ratio of -103.29 and a beta of 2.74. Ondas Holdings Inc. has a 12-month low of $4.95 and a 12-month 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 analysts' expectations of $67.97 million. As a group, sell-side analysts forecast that Ondas Holdings Inc. will post -0.47 earnings per share for the current fiscal year.

About Ondas

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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